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ENABLING THE ORGANIZATION - DECISION MAKING - Coggle Diagram
ENABLING THE ORGANIZATION - DECISION MAKING
DECISION MAKING
REASON FOR GROWTH
People must make decisions quickly
People must apply sophisticated analysis techniques, such as modeling and forecasting, to make good decisions
People need to analyze large amounts of information
People must protect the corporate asset of organizational information
ORGANIZATIOONAL LEVELS
DECISION SUPPORT SYSTEMS (DSS)
TRANSACTION PROCESSING SYSTEMS (TPS)
EXECUTIVE INFORMATION SYSTEMS (EIS)
EXECUTIVE INFORMATION SYSTEM
A specialized DSS that supports senior level executives within the organization
Most EISs offering the following
capabilities
Consolidation
Drill-down
Slice-and-dice
Digital dashboard
Integrates information from multiple components and presents it in a unified display
Artificial intelligence (AI)
Simulates human intelligence such as the ability to reason and learn
The ultimate goal of AI is the ability to build a system that can mimic human intelligence
Four most common categories of AI:-
Expert system
Neural Network
Genetic algorithm
Intelligent agent
DATA MIRING
Cluster analysis
Association detection
Statistical analysis
TRANSACTION PROCESSING SYSTEM (TPS)
The basic business system that serves the operational level (analysts) in an organization
TYPES OF TPS
Online transaction processing (OLTP)
Online analytical processing (OLAP)
DECISION SUPPORT SYSTEM (DSS)
Models information to support managers and business professionals during the decision-making process
Three quantitative models used by DSSs include:
What-if analysis
Goal-seeking analysis
Sensitivity analysis