Frequently Asked Questions about Decision Support Systems by Dan Power
50 results for "predictive analytics"
| Question | Category | Date |
|---|---|---|
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What is predictive analytics?
by Dan Power Editor, DSSResources.COM Predictive analytics involves systematic analysis of data using quantitative and statistical models to pr... |
DSS Foundations | Jul 16, 2018 |
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What is predictive asset management?
by Daniel J. Power Editor, DSSResources.COM Cognizant, Deloitte, IBM, SAS and other vendors and consulting firms are promoting use of predictive ... |
DSS Foundations | Jun 27, 2018 |
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What is big data analytics?
by Daniel J. Power Editor, DSSResources.COM Big data analytics combines buzz words and is a buzz phrase. The basic idea of this new business jarg... |
DSS Foundations | Jul 15, 2018 |
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How do predictive analytics support decision making?
by Dan Power Editor, DSSResources.com Predictive analytics is a general term for using simple and complex models to support anticipatory decisio... |
Building DSS | Jul 30, 2012 |
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What are challenges for predictive analytics?
Daniel J. Power Editor, DSSResources.COM Prediction is a difficult task and a challenge in many situations. The assumption of current prediction t... |
DSS Foundations | Apr 07, 2019 |
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What is analytics?
by Dan Power Editor, DSSResources.COM Analytics refers to quantitative and statistical analysis of data. Analytic capabilities are important in... |
DSS Foundations | Oct 07, 2020 |
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How does edge computing impact decision support?
by Daniel J. Power Editor, DSSResources.COM Edge computing means more data for predictive analytics and model-driven decision support can be proc... |
DSS Foundations | Feb 10, 2019 |
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What universities offer masters degrees in analytics and data science?
by Daniel J. Power Editor, DSSResources.COM Faculty entrepreneurs continue to respond to new business needs and trends in decision support tech... |
DSS Foundations | May 31, 2018 |
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What are critical success factors for using advanced analytics?
by Daniel J. Power Editor, DSSResources.COM Presence of critical success factors (CSF) influence the performance of a task, project or organizati... |
DSS Foundations | Dec 21, 2013 |
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What are the best analytics and 'big data' videos online?
by Daniel J. Power Editor, DSSResources.COM There are many video on the Web and especially on YouTube relevant to "big data" and analytics. The ... |
DSS Foundations | Mar 08, 2014 |
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What is a data lake?
by Daniel J. Power Editor, DSSResources.COM Data lake is a metaphor for a data storage structure. In the physical world, a lake is a basin filled... |
DSS Foundations | Aug 10, 2018 |
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What is the future of decision support and analytics?
by Daniel J. Power Editor, DSSResources.COM Decision support and business analytics can provide managers the numbers and metrics for both day-to-... |
DSS Foundations | Nov 26, 2019 |
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How is analytics, BI and decision support shaping global society?
by Daniel J. Power Editor, DSSResources.COM Computer-based analysis and decision support began impacting global society in the early 1950s. By 19... |
DSS Foundations | Sep 01, 2013 |
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What is conversational analytics?
by Daniel J. Power Editor, DSSResources.COM Kasera, V., R. Tandon, & A.Yeung, "Conversational Analytics for a Voice-driven World," ThoughtSpot W... |
DSS Foundations | Jul 10, 2019 |
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Who uses computerized decision support?
by Dan Power Editor, DSSResources.com Many people use computerized decision support for work and in recent years to aid in personal decision maki... |
Building DSS | Sep 02, 2012 |
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What is business analytics?
by Daniel J. Power, Ciara Heavin, James McDermott, and Mary Daly Business analytics (BA) is an abstraction and generalization of many activities ... |
DSS Foundations | Mar 16, 2019 |
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What should managers know about predictive analytics and model-driven decision support?
by Dan Power Editor, DSSResources.COM Companies are implementing predictive analytics and quantitative models to assist managers. There remain ... |
DSS Foundations | Aug 19, 2012 |
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What are current trends in BI and Data Analytics?
by Ciara Heavin and Daniel J. Power For the foreseeable future, Business Intelligence and data analytics technologies will continue as key enable... |
DSS Foundations | Feb 18, 2017 |
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Are there strategic decision making 'big data' use cases?
Daniel J. Power Editor DSSResources.com and Decision Support News It is generally assumed that managers want to make data-driven decisions, rather... |
DSS Foundations | Oct 28, 2014 |
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What is a decision support model?
by Dan Power Editor, DSSResources.com In the realm of decision support, a model is a quantitative description of a phenomenon. A model replicates... |
DSS Foundations | Jan 13, 2013 |
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What are example uses of business analytics?
by Daniel J. Power Editor, DSSResources.COM There are many applications and uses of business analytics. Quantitative and analytical models and to... |
DSS Foundations | Nov 24, 2018 |
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What is analytical processing?
by Dan Power Editor, DSSResources.com Transforming data and summarizing it is a key task in many decision making situations. Once this task is co... |
DSS Foundations | Feb 12, 2010 |
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Who uses computerized decision support and analytics?
by Daniel J. Power Editor, DSSResources.COM and Ciara Heavin Managing Editor, Journal of Decision Systems Traditionally, many researchers a... |
DSS Foundations | Jan 08, 2017 |
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What is the best data analytics approach?
by Ciara Heavin and Daniel J. Power Selecting the most appropriate data analytics approach and tools for a specific task or project can be very c... |
DSS Foundations | Sep 18, 2017 |
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What are major managerial dilemmas of digital transformation?
by Daniel J. Power Editor, DSSResources.com Managers face some difficult choices among potentially disruptive or in other ways undesirable soluti... |
DSS Foundations | May 29, 2017 |
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How can analytics and decision support reduce insurance fraud?
by Daniel J. Power Editor, DSSResources.COM Preventing and detecting insurance fraud is a critical task at insurance companies. There is some evi... |
DSS Foundations | Mar 02, 2014 |
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How has data warehouse usage evolved?
by Daniel J. Power Editor, DSSResources.COM It seems managers have accepted the idea of creating a separate data warehouse. Analytical and decisi... |
DSS Foundations | Apr 30, 2014 |
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What is big data?
by Daniel J. Power Editor, DSSResources.COM Big data is an overused and somewhat confusing phrase. Big data is characterized by high volume, low... |
DSS Foundations | Jul 02, 2018 |
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How does data mining provide knowledge?
by Daniel J. Power Editor, DSSResources.com In the 1970s, companies employed business analysts who used statistical packages like SAS and SPSS to... |
DSS Foundations | Jan 17, 2021 |
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What are examples of data science jobs?
by Daniel J. Power Editor, DSSResources.COM Data scientist is the "new", "hot", "sexy" and high paying job associated with decision support and... |
DSS Foundations | Feb 22, 2014 |
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How has and will Moore's Law impact computerized decision support?
by Daniel J. Power Editor, DSSResources.COM Predictive “natural” laws provide some comfort in a complex, volatile and uncertain world. The "l... |
DSS Theory | Jun 08, 2014 |
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What is DSS 2.0?
by Daniel J. Power Editor, DSSResources.COM Discontinuities and major technology change can result in improving and significantly altering the sc... |
DSS Foundations | Jul 19, 2014 |
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How can decision support aid smart manufacturing initiatives?
by Daniel J. Power Editor, DSSResources.COM, University of Northern Iowa, USA; Marzieh Khakifirooz, National Tsing Hua University, Taiwan; Mahdi F... |
DSS Foundations | Jun 13, 2018 |
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What is sabermetrics?
by Daniel J. Power Editor, DSSResources.COM Sabermetrics is a specific use of analytics in decision making. It is "the application of statistical... |
DSS Foundations | Feb 06, 2014 |
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What is visual analytics?
by Daniel J. Power Editor, DSSResources.COM Visual analytics combines automated analysis techniques with interactive visualisations to support de... |
DSS Foundations | Jun 12, 2013 |
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What is the role of people in machine learning?
by Daniel J. Power Editor, DSSResources.com Many tools exist for modeling data using machine learning (ML). The tools have been automated and the... |
DSS Foundations | Jan 13, 2021 |
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What is self-service business intelligence?
by Daniel J. Power Editor, DSSResources.COM Managers and staff need access to data and decision support tools. Also, they need direct access to d... |
DSS Foundations | Jun 15, 2018 |
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How does business analytics differ from data analytics?
by Daniel J. Power Editor, DSSResources.COM Both business analytics and data analytics are relatively new terms in the business lexicon. Students... |
DSS Foundations | Jun 24, 2018 |
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What is digital transformation of an organization?
by Daniel J. Power and Ciara Heavin Digital transformation changes processes, systems and operations by implementing improved computing technologi... |
DSS Foundations | May 13, 2018 |
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Is decision making authority shifting in organizations?
by Daniel J. Power Editor, DSSResources.COM Management is about delegating and making decisions. As organizations have gotten larger, more comple... |
DSS Foundations | Feb 06, 2014 |
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What is adaptive planning?
by Daniel J. Power Editor, DSSResources.COM Adaptive planning is a process and theory for coping with change and complexity. Adaptive planning ide... |
DSS Foundations | Feb 15, 2020 |
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What is DevOps and is it important to decision support?
by Daniel J. Power Editor, DSSResources.COM DevOps is a made-up term for a software/systems development method, practice or technique that combi... |
DSS Foundations | Nov 14, 2015 |
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What steps create a data-driven organization?
by Daniel J. Power Editor, DSSResources.com Transforming a traditional organization into one where data is systematically incorporated into decis... |
DSS Foundations | Jul 26, 2017 |
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What are the skills of a data scientist?
by Ciara Heavin Managing Editor, Journal of Decision Systems and Daniel J. Power Editor, DSSResources.COM Like many of the IT professional ... |
DSS Foundations | Nov 25, 2016 |
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What is surveillance analytics?
Ciara Heavin and Daniel J. Power Monitoring and tracking of what is occurring is not a new phenomenon. People and various activities have been obs... |
DSS Foundations | Dec 05, 2020 |
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Can 'Big Brother' watch us?
by Dan Power Editor, DSSResources.com "Big Brother" is a familiar metaphor that conjures up visions of political surveillance, political control... |
DSS Foundations | May 30, 2016 |
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What is operations analysis?
by Daniel J. Power Editor, DSSResources.COM Organizations develop systems and processes to perform tasks. The performance of these operations de... |
DSS Foundations | Feb 19, 2015 |
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How do data analytics support data-based decision-making?
by Ciara Heavin and Daniel J. Power Analysis of data or data analytics is an integral component of a successful organizational digital transforma... |
DSS Foundations | Nov 27, 2017 |
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What is decision automation?
by Daniel J. Power Editor, DSSResources.com Decision automation (DA) means software rather than people make decisions. The concept of decision au... |
DSS Foundations | Dec 19, 2018 |
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What are some use cases with expanded data sources?
by Daniel J. Power Editor, DSSResources.COM Data volume is expanding rapidly, data variety is increasing and is coming from new sources, and data... |
DSS Foundations | Dec 21, 2014 |
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