DSS

A DSS, or Decision Support System, is a computer-based system that assists in the adoption of business or organizational methods of data collection and analysis. Decision Support Systems (DSS) can be either fully computerized, human-driven, or use a hybrid method. Due to technological advances, DSS can be easily installed into any computer system.

DSS allows for more informed decision making, quicker resolution of problems, and more efficient planning and process management in corporations. Actions taken with the help of a decision support system save time and the number of employees of a corporation, as well as level out the human factor in risk assessment.

Working with DSS

A decision support system is often used for operations and department management, forecasting, and data synthesis. DSS allows complex calculations to be performed accurately and quickly by integrating multiple variables and generating multiple plausible outcomes. DSS can be applied to any professional field, including medical, agricultural, and corporate business processes.

DSS is often used to present data to customers in a simple and easy-to-understand format, as the decision support system can display data graphically.

Benefits of using DSS

Because decision support systems (DSS) analyze and synthesize large amounts of information, this technology allows:

• create reports;
• forecast revenue or sales;
• perform inventory management

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In doing so, DSS is able to offer multiple solutions and build complex forecasts based on previous and current company data.

Using a decision support system (DSS) has many advantages for large organizations:

• assists in making complex informed decisions;
• allows you to get different forecasts, saving human resources;
• flexibly creates reports required by clients

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