Decision-making with technology

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Reference no: EM132803487

Decision-making with Technology

Overview:

In all business areas making decisions is a natural and integral part of any company's management process. Technology is taking on an increasingly major role in decision-making today. The sheer amount of data that managers must operate with on a daily basis is absolutely staggering compared to what they had to work with just a few decades ago. In today's world, BI-centered tools are a critical component of any successful company's strategy. They allow managers to streamline the effort needed to search for, combine and query data to obtain the information required for good decisions.

1. Describe two key system-oriented / technology trends that have brought IS-supported decision making to the forefront of the decision analysis field in recent years.

2. List and describe two capabilities of computing that can facilitate good managerial decision-making.

3. How can information systems and tools help overcome the cognitive limits of humans?

Include the following critical elements in your essay:

I. System / Technology Trends: Describe two key technology trends that have brought IS-supported decision making to the forefront of the decision analysis field in recent years. What features of these tools or technologies have help change the industry of DSS?

II. Capabilities: List and briefly describe two capabilities of computing that can facilitate good managerial decision-making in a modern organization. How do these capabilities help organizations gain an advantage in the business sector?

III. Cognitive ability: Explain how technology and information systems can help organizations overcome limitations in human thinking.

Reference no: EM132803487

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