A Brief History of Business Analytics (Part 5 of 8)

Late 1960s — Decision Support Systems (DSS)

Much of the material used in this article has been adapted from Professor James R. Evan’s Textbook “Business Analytics”.

https://www.alvinang.sg/s/A-Brief-History-of-Business-Analytics-by-Dr-Alvin-Ang.pdf

Previous: A Brief History of Business Analytics (Part 4 of 8)

Contents

Decision Support Systems (DSS) came about in the 1960s by combining BI concepts with OR/MS models to create computer systems that support decision making (Wikipedia, 2018e).

These are some of the traits of DSSs:

1. DSS is meant mainly for upper level managers, who typically face less structured and not-so-specific problems.

2. Since they are built for upper level managers, DSS focuses on features which make them easy to use by non-computer-proficient people; in an interactive mode.

3. DSS allows for flexibility, accommodating changes in the environment and decision variables.

References

  • (NUS), N. U. o. S. (2018). Bachelor of Science in Business Analytics from http://www.comp.nus.edu.sg/programmes/ug/ba/
  • Aramos. (2018). Operations Research Timeline. from https://www.iit.comillas.edu/aramos/MM/timeline.pdf
  • ComputerHope. (2018). When was the First Computer Invented? , from https://www.computerhope.com/issues/ch000984.htm
  • Evans, J. R. (2014). Business analytics: Harlow Pearson, [2014]
  • Pearson new international edition.
  • TechTarget. (2017, April 2017). Business Analytics (BA). from https://searchbusinessanalytics.techtarget.com/definition/business-analytics-BA
  • Wikipedia. (2018a). Business Analytics
  • Wikipedia. (2018b). Business Intelligence
  • Wikipedia. (2018c). Chief Information Officer (CIO)
  • Wikipedia. (2018d). Data Mining
  • Wikipedia. (2018e). Decision Support System
  • Wikipedia. (2018f). Executive Information System (EIS)
  • Wikipedia. (2018g). History of Statistics
  • Wikipedia. (2018h). Information Systems
  • Wikipedia. (2018i). Management Information Systems (MIS)
  • Wikipedia. (2018j). Management Science
  • Wikipedia. (2018k). Operations Research
  • Wikipedia. (2018l). Statistics
  • Wikipedia. (2018m). Transaction Processing System (TPS)

About Dr. Alvin Ang

www.AlvinAng.sg

Dr. Alvin Ang earned his Ph.D., Masters and Bachelor degrees from NTU, Singapore.

Previously he was a Principal Consultant (Data Science) as well as an Assistant Professor. He was also 8 years SUSS adjunct lecturer. His focus and interest is in the area of real world data science. Though an operational researcher by study, his passion for practical applications outweigh his academic background

He is a scientist, entrepreneur, as well as a personal/business advisor. More about him at www.AlvinAng.sg.

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More about me at www.AlvinAng.sg

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Dr. Alvin Ang

Dr. Alvin Ang

More about me at www.AlvinAng.sg

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