DSS also known as decision support systems are very important in businesses today. (3) A DSS is a model of data that is collected and analyzed so a company can make supportive decisions off of this information. Without this approach there would be many executive decisions internally and externally in a business that would be unsupported and most likely ill advised. This system compiles all relevant information for a specific task, sums up statistics and possible risks the company could take and then organizes this information for the company to develop a supportive solution and/ or answer out of this data. This system was designed so that all companies could base their actions off of some type of supportive structure. Most people believe that a DSS is only an occasional occurrence within a company when in reality there is DSS made almost every day for supportive data within the company. They key to support systems is to collect data, analyze the data and shape it so the company can then make sound decisions off of it.
Decision support systems are not only one thing there are many different types of these systems for different situations. For instance, a DSS that simply collects data and organizes it effectively are called passive models, these models normally just reveal the data for the company and do not completely suggest a specific decision. Another DSS is the cooperative decision support system, which, is when the data is collected and analyzed for the company, then sent to a human component that can then help the DSS, be revised and checked for supportive reassurance. Another DSS is known as the model driven DSS and this is developed when decision makers use (1) statistical, simulations or financial models to come up with a solution or strategy. There is a different type of DSS for each business relative situation. All of these DSS are used for the benefit of the company to establish supportive decisions based on the best possible information that the company can offer. These systems lower risk, enable the company to support their own facts and data as well as offer a conceptual outcome of what could happen if this decision is made. These systems are used in almost every business around the world and are some of the most supportive tools in a company.
3. http://en.wikipedia.org/wiki/Decision_support_system
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