Industry Application of DSS, ESS & BI Amit Kumar Patra Amit Patra_CLA2 Coffee • Expanded too rapidly • Underestimated domestic competition • Didn’t understand unique needs of Australian coffee culture • Couldn’t understand user preferences Industry 4.0 Investments in Industry 4.0 Architecture Benefits of DSS Why Use DSS? • Speedy Computations • Improved communication & collaboration • Increased productivity of group members • Improved data management • Managing giant data warehouses • Quality Support • Overcoming cognitive limits in processing and storing information Object Oriented DSS Adaptive Can evolve with changing scope Code reusability Supporting multiple data formats Supporting multiple APIs & connectors “What-if”, ”Goalseeking”, ”Data sensitivity” Web Based DSS Increasing the availability Growing sophistication of web technologies Providing remote controlling Distributed computations Exchange of complex multimedia information Beyond geographic boundaries Supporting multiple users Web & mobile access GDSS Enhancing Decision Making • GDSS – Group Decision Support System • Makes it easier to discuss topics, propose ideas, & find the best alternative • Special design to support • Creative thinking, • Effective communication • Decision making • Easy-to-use platform for multiple participants beyond geographic boundaries • Corporate multiple perspectives in decision making process • Automated record keeping for future review & analysis • Parallel communication to allow multiple participants communicate simultaneously AI in Business Intelligence Retail B2C Credit Card Company • Check the credit report • Check the annual household income • Check the outstanding debt • Check the criminal records • Building the DSS & ESS • Object oriented Web based, mobile accessible, GDSS with ESS feature AI-Enabled • AI enabled for automating ad targeting, BI, data analysis, report generation, report study, credit check & credit approval. References Schwab, K. (2017). The Fourth Industrial Revolution. Adfo Turner, A. (2022, October 1). How Many People Have Smartphones Worldwide (Oct 2022). BankMyCell. Retrieved October 16, 2022, from https://www.bankmycell.com/blog/how-many-phones-are-in-the-worldBooks Power, J. (1993, June). Object-oriented design of decision support systems in natural resource management. Computers and Electronics in Agriculture, 8(4), 301–324. https://doi.org/10.1016/0168-1699(93)90018-v Arefin, M. S., Hoque, M. R., & Bao, Y. (2015, August 10). The impact of business intelligence on organization’s effectiveness: an empirical study. Journal of Systems and Information Technology, 17(3), 263–285. https://doi.org/10.1108/jsit-09-2014-0067