There was a time, when decisions were taken on the basis of experience and sometimes even emotions. Studies say more decisions are taken out of emotions than logic or experience. As time passed, people learned that there is an important factor that is the most important and is required for making the right decision at the right time for running a successful business, i.e. Logical decisions based on past data and historical events. As some say, history repeats itself, the events and trends repeat from time to time according to market experts. As business competition became cut throat and companies reached their maturity level, there was a need to work out a strategy that could not only save businesses more money by cutting costs, but also give them a competitive edge over their competitors. This gave birth to Decision Support System which is a logical Business Intelligence model that thinks and decides for business. It does not think emotionally like human brain or make mistakes, provided right data is fed. If data is wrong then it’s a human error and not the system’s! It follows past patterns and trends and come out with calculated results that are based purely on logic and business intelligence.
Business intelligence models are now used in almost every industry to make informed decisions. From ordering right inventory to do targeted marketing, these decision support systems have helped numerous businesses not only revive and survive in this market, but make more profit than in the past, year after year.
Tech National can help you pick the right Business Intelligence tools for your organization from several types of Decision support systems – Data driven DSS, Model driven DSS, Document driven DSS, Knowledge driven DSS, etc…
Today DSS is used in every industry and these tools allow companies to not only save costs, but come up with new measures and ideas to define new benchmarks and rules for business. Not only companies, but end users also are profiting by receiving better services and lower prices on improved products and services.
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