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 1 year ago
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