Question

In: Statistics and Probability

i) Did decision support systems evolve to business intelligene or vice versa ? Explain your answer....

i) Did decision support systems evolve to business intelligene or vice versa ? Explain your answer.

ii) What is traditional reporting ? How can analytics be used to transform traditional reporting ?

iii) What is Big Data analytics ?

Solutions

Expert Solution

i)

A decision support system is a computer program application that analyzes business data and presents it so that users can make business decisions more easily.

Business Intelligence is a broad category of applications and technologies for gathering, storing, analyzing, and providing access to data to help enterprise users make better business decisions.

Thus, statement proved true.

(ii) The traditional reporting process is a manual process of collecting and aggregating financial and other information.

Analytics can enable real-time decision support and deliver information to a user-friendly dashboard. Organization can request data needed for particular types of decisions, and the graphical user interface makes the information easily understandable.

(iii) Big data analytics is process of examining large and varied data sets , in other words big data -- to uncover information including hidden patterns, unknown correlations, market trends and customer preferences that can help organizations make informed business decisions.

orchestra answered 2 years ago
Next > < Previous

Related Solutions

Explain how Organization culture affect Organizational  Structure and vice versa.
Explain how Organization culture affect Organizational  Structure and vice versa.
Define decision support systems and transaction processing systems. Describe the role each system plays in a business.
Define decision support systems and transaction processing systems. Describe the role each system plays in a business. What is a business process and what role does it play in an organization? Why would a manager need to review an As-Is and To-Be process model? Explain the difference between customer-facing processes and business-facing processes. Which one is more important to an organization?
What was Netflix's initial business model? Did it work? How did it evolve? Is this an...
What was Netflix's initial business model? Did it work? How did it evolve? Is this an example of emergent strategy?
What is the ease of doing business in Japan? Support your answer with research. I need...
What is the ease of doing business in Japan? Support your answer with research. I need to write a 2 paragraph sentence about the ease of doing business.
Discussion Question: Information systems support and facilitate the functioning of people to enhance and evolve nursing...
Discussion Question: Information systems support and facilitate the functioning of people to enhance and evolve nursing practice by generating knowledge. This knowledge represents five rights: the right information, accessible by the right people in the right settings, applied the right way at the right time. It is also the struggle to integrate new knowledge and old knowledge to enhance wisdom. If clinicians are inundated with data without the ability to process it, this yields too little wisdom. That is why...
Discussion Question: Information systems support and facilitate the functioning of people to enhance and evolve nursing...
Discussion Question: Information systems support and facilitate the functioning of people to enhance and evolve nursing practice by generating knowledge. This knowledge represents five rights: the right information, accessible by the right people in the right settings, applied the right way at the right time. It is also the struggle to integrate new knowledge and old knowledge to enhance wisdom. If clinicians are inundated with data without the ability to process it, this yields too little wisdom. That is why...
i) Explain relative purchasing power parity; and ii) give an example to support your answer. i)...
i) Explain relative purchasing power parity; and ii) give an example to support your answer. i) What is political risk; and ii) give an example of a significant political risk faced by any company operating/trading internationally of your choice.
Decision Support Systems: Q16. The goal of an enterprise support system is to provide a tool...
Decision Support Systems: Q16. The goal of an enterprise support system is to provide a tool for senior management.     a. true     b. false Q17. An enterprise portal integrates all external applications.     a. true     b. false Q18. Products, like systems, have life cycles.     a. true     b. false Q19. It is possible to integrate CRM systems with other enterprise information systems in an organization.     a. true     b. false Q20. Soft information is a term used to describe objective information that is non-financial....
1. Explain how to convert positive integers from base 3 to base 10 and vice versa....
1. Explain how to convert positive integers from base 3 to base 10 and vice versa. Include examples. 2. Explain how to convert fractions from base 3 to base 10 and vice versa. Include examples.
Under what conditions are generalization favored overspecialization and vice versa. Explain why those conditions lead to...
Under what conditions are generalization favored overspecialization and vice versa. Explain why those conditions lead to specialization or generalization. For each of the animals below, tell me the ways they are likely to avoid predation of themselves or their offspring. There can be multiple answers per species. Northern Elephant Seal (Mirounga angustirostris) Broccoli (Brassica oleracea var. Italica) Blue-ringed octopus (Hapalochlaena spp.) Killdeer (Charadrius vociferus) Five-lined skink (Plestiodon faciatus)
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT