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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. 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. Data creates the context for decision-making.

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Why the modern supply chain must ditch siloed working

CIO Business Intelligence

Predictive analytics help to anticipate consumption patterns, while a combination of predictive demand modeling and real time assessment provides clear visibility into the supply chain – enabling actions to be taken such as rerouting, reprioritization of production/shipping schedules and changes in inventory levels.

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Boost Data Literacy to Overcome Skills Shortages

Jet Global

Ironically, many businesses feel like their analysis is hamstrung by the complex array of data systems and tools at their disposal. Self-service” has been a business intelligence buzzword for the last decade but lacks a clear definition. In the quest for efficiency, CFOs must address each of these challenges sequentially.

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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