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Enabling the Organization – Decision Making - Coggle Diagram
Enabling the Organization –
Decision Making
The Value Of Information
People need to analyze large amounts of information
People must make decisions quickly
People must apply sophisticated analysis techniques, such as modeling and forecasting, to make good decisions
People must protect the corporate asset of organizational information
What is Model ?
a simplified representation or abstraction of reality which models can calculate risks, understand uncertainty, change variables, and manipulate time
Transaction Processing System (TPS)
Online transaction processing (OLTP)
Online analytical processing (OLAP)
Decision support system (DSS)
Sensitivity analysis
Goal-seeking analysis
Executive Information System (EIS)
Consolidation
Drill-down
Slice-and-dice
What-if analysis
Digital dashboard
integrates information from multiple components and presents it in a unified display
The quicker employees have information, the quicker they can respond to problems, threats, and opportunities
as digital dashboards become easier to use, more executives can perform their own analysis without inundating IT personnel with queries and request for reports
digital dashboards, whether basic or comprehensive, deliver results quickly
Artificial intelligence (AI)
simulates human intelligence such as the ability to reason and learn
Expert system
computerized advisory programs that imitate the reasoning processes of experts in solving difficult problems
Neural Network
attempts to emulate the way the human brain works
Genetic algorithm
an artificial intelligent system that mimics the evolutionary, survival-of-the-fittest process to generate increasingly better solutions to a problem
Intelligent agent
special-purposed knowledge-based information system that accomplishes specific tasks on behalf of its users