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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. ERP dashboards. TIBCO Spotfire.

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Real-time Data, Machine Learning, and Results: The Evidence Mounts

CIO Business Intelligence

As they put it, “Such co-inventions include machine learning applications and predictive analytics embedded across the organization in various business processes, which increase the value of work conducted by data users and decision-makers.”. Data Architecture, IT Leadership

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How to Move from Real-Time Data to Real-Time Decisions

CIO Business Intelligence

Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”. This acknowledges that the purpose of measurement is to reduce uncertainty. And the purpose of reducing uncertainty is to make better decisions. billion market by 2025 at a CAGR of 39.5%.

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Crisis Creates New Opportunities for Data-Driven Businesses

Sisense

Analytics and data are changing every facet of our world. In The State of BI & Analytics , we expand on our original research, keeping you ahead of the curve on the world of analytics, data, and business intelligence. The current global pandemic has united us all and challenges the way we do business.

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A new wave of innovation is coming from Industry 4.0 in the years ahead: AVEVA

CIO Business Intelligence

As Sebastien Ory, Vice President, APAC Operations Business, AVEVA, noted in an exclusive interview with IDG, the disruption will continue, so for enterprises in the manufacturing space, the recovery will be in how they adapt to the new environment and ways of working. What is paramount here is agility and resiliency,” Ory said. Industry 4.0

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Quantitative and Qualitative Data: A Vital Combination

Sisense

Most commonly, we think of data as numbers that show information such as sales figures, marketing data, payroll totals, financial statistics, and other data that can be counted and measured objectively. These numbers show performance, efficiency, reach, market share, revenue in, and expenses out. Digging into quantitative data.

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Oshkosh puts digital solutions into overdrive

CIO Business Intelligence

What may not be as obvious is the company’s investments and activities in advanced analytics, digital manufacturing, electrification, intelligent products as well as autonomy and active safety, that are being applied in vehicles today and may one day be used by NASA as it returns to the moon with its planned sustained human exploration project.