Decision Support News
D. J. Power, Editor
March 30, 2014             Vol. 15, No. 7

In this issue

1) Did decision automation cause the subprime mortgage crisis?
2) Recent DSS News Headlines
3) Upcoming Decision Support Conferences/Call for Papers

1) Did decision automation cause the subprime mortgage crisis?

by Daniel Power

Actions of greedy and naive people caused the crisis. People built and implemented the computerized decision systems that made "bad" loans resulting in high loan default rates. Decision automation facilitated the fast, simplistic decisions and provided an aura of rationality for the "new" instant Web-based lending. Too many people believed the "hype" that automated lending decision making would be both beneficial and effective. Also, the apparent inevitability of competitors automating decisions blinded managers to the risks of adopting cleverly designed and poorly understood software systems. Let's review the facts about what happened.

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2) Recent DSS News Headlines

03/27/2014 Microsoft expands cloud services for mobile scenarios. Check release.

03/27/2014 Wikibon ranks IBM number one in big data market for second consecutive year. Check release.

3) Upcoming Decision Support Conferences/Call for Papers/Books

1. June 2-5, 2014 DSS 2.0 – Supporting decision making with new technologies, Paris, Click here.

2. June 24-28, 2014, PACIS 2014 - Business Intelligence and Big Data Analytics Track, Chengdu, China, Click here.

2. August 7-10, 2014, AMCIS 2014 - Savannah, GeorgiaClick here.


Order Dan Power's new book: Decision Support, Analytics, and Business Intelligence, Second Edition
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Become a Business Expert Press author
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