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

CIO Business Intelligence

A DSS supports the management, operations, and planning levels of an organization in making better decisions by assessing the significance of uncertainties and the tradeoffs involved in making one decision over another. Model-driven DSS use data and parameters provided by decision-makers, but Power notes they are usually not data-intensive.

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New Thinking, Old Thinking and a Fairytale

Peter James Thomas

In 1995, Thomas Davenport , an EY consultant who was one of the early BPR luminaries, had this to say on the subject: “When I wrote about ‘business process redesign’ in 1990, I explicitly said that using it for cost reduction alone was not a sensible goal. King was a wise King, but now he was gripped with uncertainty.

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Data Science, Past & Future

Domino Data Lab

The data governance, however, is still pretty much over on the data warehouse. Toward the end of the 2000s is when you first started getting teams and industry, as Josh Willis was showing really brilliantly last night, you first started getting some teams identified as “data science” teams.

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Top Three Priorities for Finance Professionals Going Forward

Jet Global

At a time of great uncertainty, the role of finance professionals has, of necessity, evolved into an ever more strategic one. As organizational priorities shift, so too do the priorities of finance teams.

Finance 98
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Shared Data Reporting: Deep Excel Functionality Meets Web-Based Dashboards

Jet Global

Inflation, economic uncertainty, and swiftly-changing regulations significantly impact finance professionals. Every organization has roadblocks like budgetary restraints, data limitations, and clunky, manual processes. These require technical expertise and forces finance teams to rely on IT or outside consultants.

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20 Best Logistics KPIs and Metric Examples for 2022 Reporting

Jet Global

It means that a large portion of assets are financed by debt, which implies a higher rate of return for the owners but creates uncertainty around returns to shareholders. A high financial leverage ratio means more money is owned outside of the firm.

Metrics 84
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Help Your CFO Double Their Strategic Value

Jet Global

Synchronize data with your systems in near real-time so that your CFO doesn’t have to gather and normalize data from other business units. This helps to reduce uncertainty when planning in such a volatile business environment. Powerful Tools.