Decision Support News
D. J. Power, Editor
August 18, 2019 Vol. 20, No. 17
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1) Is an insight-driven organization myth or reality?
2) Recent Decision Support News Headlines
3) Upcoming Decision Support Conferences/Call for Papers
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1) Is an insight-driven organization myth or reality?
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by Daniel J. Power
Editor, DSSResources.com
An insight-driven organization seems more like marketing hype, building on a catchy name, than reality. One can tell interesting stories about the benefits of insight and about finding something new and exciting from data analytics. Those stories are exceptions however and not the norm. Finding evidence and basing decisions on data is the norm in decision processes. Seeking insight seems like a fool's quest. Deloitte Consulting is urging managers to create an Insight Driven Organization (IDO). Supposedly, managers will realize a rapid return on analytics investments by using data, analysis, and reasoning in the organization's decision-making processes. It is important to use all three to assist in decision-making, but focusing on finding or gaining insight is an unrealistic and inappropriate goal. The focus of analytics and decision support should be on making better decisions.
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2) Recent Decision Support Headlines
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08/14/2019 KDD 2020 will convene in San Diego, California Aug. 22-27, 2020. Check release.
08/14/2019 Verkada introduces 4K hybrid cloud camera, launches advanced people analytics tool. Check release.
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3) Upcoming Decision Support Conferences
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1. 2019 Decision Sciences Institute Annual Conference New Orleans, LA, November 23 - 25, 2019. Check release.
2. Call for Papers: IFIP WG8.3 Decision Support 2020 in Wroclaw, Poland. 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
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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