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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. Forecasting models. Analytics, Data Science These models are used for “what-if” analysis.

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Disrupt and Innovate in a Data-Driven World

Cloudera

The private sector already very successfully uses data analytics and machine learning not only to realise efficiency gains but also – even more importantly – to create completely new services and business models. Achieve best possible outcomes for individuals through the application of prescriptive analytics.

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Themes and Conferences per Pacoid, Episode 10

Domino Data Lab

Clearly, when we work with data and machine learning, we’re swimming in those waters of decision-making under uncertainty. More near-term, Kahneman suggested the use of pre-mortems – also called backcasting, as a contrapositive of forecasting. Rather, they were beaming about Kahneman’s work and its significance in our field.