Decision Support News
D. J. Power, Editor
June 9, 2019 Vol. 20, No. 12
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1) What influences supply and demand for information goods?
2) Recent Decision Support News Headlines
3) Upcoming Decision Support Conferences/Call for Papers
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1) What influences supply and demand for information goods?
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by Mary Daly, Cork University Business School
and Daniel J. Power, Editor, DSSResources.com
Organisational decision making environments are complex and decision makers must deal with uncertainty and ambiguity on a continuous basis. Information is a valuable input for resolving ambiguity and uncertainty, but providing decision support information has a cost that must be considered. Assessing information needs, managing and assessing decision problems, and implementing a solution require an understanding of the specific decision domain. Managers must have sufficient information so that the decision problem and its complexity are well understood. In many situations, information requirements and availability for supporting decision-makers must also be assessed and understood. This column examines the influences that alter and balance information supply and demand in organizations and in specific decision situations.
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2) Recent Decision Support Headlines
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06/06/2019 TIBCO recognized for powerful data science platform that helps customers solve critical global issues. Check release.
06/05/2019 Snowflake announces first-annual data drivers award winners. Check release.
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3) Upcoming Decision Support Conferences
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1. Predictive Analytics World, MEGA-PAW Las Vegas, June 16-20. The premier machine learning conference. Check https://www.predictiveanalyticsworld.com/lasvegas.
2. 30th European Conference on Operational Research, June 23-26, Dublin, Ireland. Check https://www.euro2019dublin.com/.
3. 2019 Decision Sciences Institute Annual Conference New Orleans, LA, November 23 - 25, 2019. 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
Become a Business Expert Press author
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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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