Decision Support News
D. J. Power, Editor
January 5, 2020 Vol. 21, No. 01
Inaugural newsletter issue was May 10, 2000, this is issue 511
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1) What is data?
2) Recent Decision Support News Headlines
3) Upcoming Decision Support Conferences/Call for Papers
by Daniel J. Power
Data is important. Data is growing rapidly. Approximately 2.5 quintillion bytes of data are created each day or 2.5 billion gigabytes each day (as of May 2018). So approximately 1.7 megabytes of data is created every second for every person on earth. Trends indicate that there is a 40% growth in global data each year. Capturing, managing, storing and retrieving data are fundamental tasks that must be performed effectively in modern organizations. Data volumes and data velocity are increasing rapidly in organizations. Business managers want to capture and analyze all data as it is generated and store it for future analysis. Data is increasingly varied. Data is streaming over the global Internet to our computing devices and then back to online storage in the cloud. For these reasons, managing data is increasingly challenging and difficult. In a computing environment, data is processed and stored in a binary digital format.
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2) Recent Decision Support Headlines
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01/02/2020 Global next-generation data storage market outlook, 2025. Check release.
12/19/2019 New findings show Artificial Intelligence software improves breast cancer detection and physician accuracy. Check release.
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3) Upcoming Decision Support Conferences
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1. IFIP WG8.3 Decision Support 2020 in Wroclaw, Poland, June 24-26, 2020. Check release.
2. Call for Papers AMCIS 2020 SIGDSA, August 12-16, 2020, Salt Lake City, Utah. Submission begins January 6, 2020. Check release.
3. KDD 2020 will convene in San Diego, California Aug. 22-27, 2020. Check release.
4. Call for articles Journal of Business Analytics, an official journal of the Operational Research Society. The journal serves the emerging and rapidly growing community of business analytics both in academia and industry. Check https://www.tandfonline.com/toc/tjba20/current.
Order Daniel Power and Ciara Heavin's book: Decision Support, Analytics, and Business Intelligence, Third Edition, Click here
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New book: Power, D. and C. Heavin, Data-Based Decision Making And Digital Transformation, Business Expert Press, 2018 at URL Click here. EBook Price $19.95, Print Price $34.95, In Stock June 10, 2018.
Power & Heavin (2018) argue "Digital disruption is accelerating. Implementing a successful digital transformation strategy requires that senior managers make trade-off decisions to reinvent a business. Equally important all decision makers must learn to ask the right questions, use data and computer support in decision making, and increase their knowledge and skills. Creating a data-centric culture and rewarding data-based decision making leads to successful digital transformation."
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