Posts Tagged Decision Support
Decision-Making Styles and Their Affect on Information Systems
The decision-making styles of an international business can have a significant impact on the design of information systems that support decision-making. Depending on the style, the decision support system (DSS) can be centered on individualized decision making or group decision making. There are different requirements needed in a DSS that supports individual decision making and group decision making.
A decision support system centered on individualized decision making will contain software that pertains to the needs of an individual. The DSS will analyze the data from a database and provide the results to the decision maker. The software used for individual decisions would be catered around an individual. A decision support system is often developed using general software that is adapted for a specific decision, but more complex and sophisticated software is available (Nickerson, 2001, p. 350). If the international business is centered on the individual decision style than the decision support system would probable be used on a personal computer, but could also use a network or multi-user computer.
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Information Systems
Information System consists of physical components like hardware, software, database, procedures and people operating these components which interact to support the operational, managerial, and decision-making information needs of an organization. So, an information system is the means by which data flows from one person of department to another. An information system accept data from the user, process this data to produce information and achieve knowledge.
Data is a collection of facts, figures, statistics which can be processed to produce meaningful information. A process involves collecting, capturing, sifting, rearranging, calculating, comparing, decision-making, storing, retrieving, reproducing and transporting of data. Information is processed data. It refers to facts, figures or statistics that have meaning. It can become data or input for another process. Information which is known and verified is knowledge and this knowledge which is relevant and useful in any given situation which anticipate events helps the business move in the right direction taking the correct decision at the right points in time is known as business intelligence.
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