Management Decision Support System (DSS) Essay Example | Topics and Well Written Essays - 4250 words

Management conclusiveness Support administration (DSS) - Essay Examples this agreement uses internal sources of information but it also use external sources of information that ar vital to the governing body for instance reports regarding current stock prices and reports which give competitors information.The fundamental difference between Decision Support System and other information systems is that Decision Support System has more analytical capabilities. It has multiple models to analyze and contemporise large amounts of data. This action of Decision Support System allows finish makers to view the data in a form which allows data to be easily analyzed. This has far reaching consequences because the decision that comes out is more justify and rigorously tested (Sauter, 159).Decision Support System employs interactive and user-friendly software. This software allows the user the extravagance to ask multiple questions, modify key assumptions and add new data set into the scen ario. Some Decision Support Systems are severely model drive whereas other Decision Support Systems are model-driven and are focused more on extracting vital information from heaps of data to enable mangers to take trenchant decisions. It is this very reason why Decision Support Systems are also known as business intelligence systems because these systems focus on helping users to make better business decisions (Laudon and Laudon, 490-505).Since high quality decision devising has become imperative for the survival of an organization therefore organizations these days are investing heavily on Decision support systems, more renowned as business intelligence systems. These systems consist of technologies and applications which enable better decision making. Business intelligence systems provide firms with the capabilities to collect large amount of information and exploitation this generated information to develop new knowledge about operations and bring changes in the decision ma king behavior of people so that they achieve success in achieving profitability target and