What Is a Decision Support System?

What Is a Decision Support System?

A decision support system (DSS) uses data mining, statistical tools, and machine learning algorithms to make decisions. Examples of these systems include insurance companies and banks, which use them to predict fraud, and ride-hailing companies, which use them to determine ticket prices. These systems can be both passive and active, depending on the user. Passive systems only activate when the user requests assistance; they provide reference material, automated calculations, and data review. Active systems, on the other hand, generate reports on the fly and may trigger alerts based on preprogrammed rules and criteria. The primary purpose of a DSS is to provide information and guidance for managers and users. Many people don't have computer knowledge, so the interfaces and user interfaces should be easy to use, and should be able…
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How Software Engineering Can Help Your Firm

How Software Engineering Can Help Your Firm

A Decision Support System (DSS) is a computer program that assists managers in making informed decisions. The tool collects and interprets data, which can be either structured or unstructured, to produce results based on criteria. It also provides assistance to decision makers in developing models to predict future events and outcomes. A well-designed DSS is a powerful tool for solving many problems and bridging the science-policy divide. Using a DSS removes subjectivity and enables managers to make informed decisions based on relevant information. Unlike traditional computer programs, Decision Support Systems are designed to meet the specific needs of various users. These systems are typically available for online and offline problems. A single "good" solution can be found for both types of issues. They are best used for complex, semi-structured problems…
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