Decision Support News
D. J. Power, Editor
March 30, 2014 Vol. 15, No. 7
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1) Did decision automation cause the subprime mortgage crisis?
2) Recent DSS News Headlines
3) Upcoming Decision Support Conferences/Call for Papers
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1)
Did decision automation cause the subprime mortgage crisis?
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by Daniel Power
Editor, DSSResources.com
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.
Continue reading at
http://dssresources.com/faq/index.php?action=artikel&id=299
Click for more Frequently Asked Questions
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2) Recent DSS News Headlines
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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.
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3) Upcoming Decision Support Conferences/Call for Papers/Books
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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
Click here
Become a Business Expert Press author
Click here
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