Which one of the following statements are the advantages of the Decisi...
Decision Support System:
- A decision support system is a piece of software or a programme that helps experts in many fields in formulating and supporting decisions.
- It is a part of a business intelligence system and frequently has a database with data particular to the industry.
- Files, business models, health data, sales data, estimates, marketing stats, and personal expertise can also be included in decision support systems.
- Decision support systems are extensively used in sectors like healthcare, agriculture, and marketing.
Important Points
Advantages of Decision Support System
- Improves performance and effectiveness of the user
- Allows for faster decision-making
- Reduces the time taken to solve problems
- combine to save money!
- Has been seen to improve collaboration and communication within groups
- Reduces training times because the experience of experts is available within the programs algorithm
- Provides more evidence in support of a decision
- May increase decision-maker satisfaction
- Providing different perspectives to a situation
- Helps automate various business system
Which one of the following statements are the advantages of the Decisi...
Advantages of Decision Support System (DSS)
A Decision Support System (DSS) is a computer-based information system that supports business or organizational decision-making activities. It provides interactive tools and models to help users analyze complex problems and make informed decisions. The advantages of using a DSS include:
1. Generates new evidence in support of a decision:
One of the key advantages of a DSS is its ability to generate new evidence in support of a decision. It does this by providing a platform for users to explore different scenarios, test assumptions, and analyze different alternatives. By using various analytical techniques and models, a DSS can help decision-makers uncover new insights and evidence that may not have been apparent initially. This helps in making more informed decisions based on data and evidence rather than just intuition or past experience.
2. Improves decision-making process:
DSS provides decision-makers with access to relevant and timely information, allowing them to make better decisions. It helps in organizing and analyzing large amounts of data and presenting it in a meaningful and understandable way. By providing easy-to-use tools and interactive interfaces, DSS enables decision-makers to explore different options, evaluate the potential outcomes, and understand the implications of their decisions. This improves the overall decision-making process and increases the likelihood of making better choices.
3. Enhances efficiency and productivity:
DSS automates many routine and repetitive tasks involved in decision-making, such as data collection, analysis, and reporting. By reducing the time and effort required to gather and process information, DSS improves the efficiency and productivity of decision-making processes. It allows decision-makers to focus on critical issues and strategic decisions rather than getting bogged down in data manipulation and analysis. This leads to faster and more effective decision-making, saving both time and resources.
4. Facilitates collaboration and communication:
DSS supports collaboration and communication among decision-makers, allowing them to work together on a common problem or decision. It provides a platform for sharing information, exchanging ideas, and discussing different perspectives. DSS can also facilitate virtual meetings and discussions, enabling decision-makers to collaborate regardless of their physical location. This improves communication and coordination among decision-makers, leading to more effective and coordinated decision-making.
In conclusion, the advantages of using a Decision Support System (DSS) include generating new evidence in support of a decision, improving the decision-making process, enhancing efficiency and productivity, and facilitating collaboration and communication among decision-makers. These advantages make DSS a valuable tool for organizations in making informed decisions and achieving their goals.
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