Published on: August 5, 2024
Intro (100 words)
- Explain thing like Decision Support Systems (DSS) computers that give a hand in decisions with the help of models, analytics and data visualization etc.
- Assert that DSS strengthens decision-making power across various business levels
Body (300 words)
- DSS that are Strategic - This type of DSS tends to put things into perspective for top management level in terms of analyzing competitor prices, policies etc., in order to help them decide direction of business.
- Tactical DSS - assist manager at this level to assign tasks, oversee corporate performance to meet strategic goals.
- Operational DSS - is one component that can lead to an automation of business processes, e.g. suggestion items to the customers based on their purchase history.
- The data-driven DSS- enable managers to put their hands on their internal business data and see the trend arise out of them and also forecast their future.
- Model-based DSS - utilizing various tools for financial and statistical modeling, algorithms, and optimized decisions.
- Knowledge-linked DSS - aid the process of decision by displaying business rules and the previous case knowledge
Conclusion (100 words)
- Show that DSS combines the technologies and analytics to help the decision-making at different levels which in return lead to enhanced productivity, rapid response and also profitability.
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