Remove Business Intelligence Remove Data-driven Remove Optimization Remove Uncertainty
article thumbnail

What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

Decision support systems definition A decision support system (DSS) is an interactive information system that analyzes large volumes of data for informing business decisions. A DSS leverages a combination of raw data, documents, personal knowledge, and/or business models to help users make decisions. Data-driven DSS.

article thumbnail

What it Means to be a Data-driven Financial Institution

Sisense

To thrive in the age of accelerated digital, modern financial institutions need access to actionable business intelligence. It’s what allows them to unlock the full power of their data and make informed decisions. But, many don’t know where to begin or how exactly to work with their data to their optimal benefit.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

12 Cloud Computing Risks & Challenges Businesses Are Facing In These Days

datapine

It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237
article thumbnail

3 reasons why business and data analysts need to work with real-time events

IBM Big Data Hub

In a research brief defining “5 trends for 2023,” the IBM Institute for Business Value reports, “In 2023, rapid response is the new baseline. Uncertainty is expected and complexity is compounding. Advantages of event-driven solutions This is where event-driven solutions excel.

article thumbnail

IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

The global IT services industry is at a significant crossroads, with the explosive growth of generative AI and deepening economic uncertainties reshaping its future. Although there are efforts to boost industries such as semiconductors, there is much uncertainty about when the impact may be seen.

IT 78
article thumbnail

insightsoftware Launches Angles Professional for Oracle to Automate Recurring Operational Reports at the Gartner Data & Analytics Summit 2023

Jet Global

This data is gleaned from a report from insightsoftware and Hanover Research: The Operational Reporting Global Trends Report. The issues finance and operations teams face are twofold: the nature and increasing demands for operational data and analytics, and the fact that tools on hand are not optimized to handle the data or analysis.

article thumbnail

Innovative Manufacturers are Investing in these Advanced Technologies

CIO Business Intelligence

In many ways, the manufacturing industry stands on edge—emerging from a pandemic and facing all-time highs in demand yet teetering on inflation-related economic uncertainty and coping with skilled labor shortages. With edge computing, those functions are performed much closer to where the data is created, such as on the factory floor.