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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. Optimization analysis models.

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Bridging the Gap: How ‘Data in Place’ and ‘Data in Use’ Define Complete Data Observability

DataKitchen

The uncertainty of not knowing where data issues will crop up next and the tiresome game of ‘who’s to blame’ when pinpointing the failure. Given this, it’s crucial to have in Place meticulous testing protocols for the results of models, visualizations, data delivery mechanisms, and overall data utilization.

Testing 169
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12 Cloud Computing Risks & Challenges Businesses Are Facing In These Days

datapine

More and more CRM, marketing, and finance-related tools use SaaS business intelligence and technology, and even Adobe’s Creative Suite has adopted the model. Be it in the form of online BI tools , or an online data visualization system, a company must address where and how to store its data. Security issues. Governance/Control.

Risk 237
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insightsoftware Launches Angles Professional for Oracle to Automate Recurring Operational Reports at the Gartner Data & Analytics Summit 2023

Jet Global

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. The migration to cloud ERPs is increasing, but the need for better operational reporting remains.

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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. For example, events that describe changes in demand can help make better business decisions on inventory optimization.

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The Art and Science of FP&A Storytelling

Timo Elliott

With advanced analytics, flexible dashboarding and effective data visualization, FP&A storytelling has become both an art and science. First, because uncertainty exploded. The rules of thumb and standard ways of doing business have been thrown out of the window. But recently, there has been a surge in demand.

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Unifying Multi-Cloud Operations to Tackle Complexity and Control Cost

CIO Business Intelligence

Complexity is the enemy of cost optimization. In fact, according to a recent VMware study , more than 41% of organizations want to optimize their existing use of cloud to save on costs. As we enter an uncertain market in 2023, organizations face increasing pressure to control their cloud spending.