Remove OLAP Remove Optimization Remove Prescriptive Analytics Remove Statistics
article thumbnail

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

CIO Business Intelligence

These DSS include systems that use accounting and financial models, representational models, and optimization models. They generally leverage simple statistical and analytical tools, but Power notes that some OLAP systems that allow complex analysis of data may be classified as hybrid DSS systems.

article thumbnail

What Is Embedded Analytics?

Jet Global

Advanced Analytics Some apps provide a unique value proposition through the development of advanced (and often proprietary) statistical models. These advanced analytics become easy for users to apply in their own analyses. Some cloud applications can even provide new benchmarks based on customer data.