Decision Support System Prepared by: BLESILDA P. BADOC-GONZALES, PhD Image source: https://img.freepik.com/premium-photo/support-icons_438099-10205.jpg Defining DSS by Corporate Finance Institute (2022) & Fairlie (2023) Computer-based Information System Image source: www.freepik.com Information Gathered by DSS Documents Raw Data Management Business Models Employee’s Personal Knowledge Sales Figures Projected Inventory Revenue Data Image source: www.freepik.com DSS Framework Components Image source: corporatefinanceinstitute.com Model Management System Image Source: https://online.hbs.edu/blog/post/prescriptiveanalytics Image source: https://softwareconnect.com/prescriptive-analytics/ User Interface Image Source: https://www.qlik.com/us/business-intelligence/decision-support-system Knowledge Base Types of Decision Support systems 1. Document Driven DSS 2. Data Driven DSS 3. Knowledge Driven DSS 4. Model Driven DSS 5. Communication Driven DSS Source: Varshney, M. & Srivastava, A.K. (2017) Document Driven DSS Uses keywords to access structured and unstructured information from both internal and external databases. Structured – highly organized, readily accessible & stored in relational databases (Convedo.com, n.d.) data in standardized tabular format for easy storage (IBM, n.d.). Unstructured – informational asset of other forms not housed in relational database (Convedo.com, n.d.) such as social media content, web analytics, email communications, digital memos, chat logs, video files, audio files etc with no pre-defined data format (IBM, n.d.). Document Driven DSS Text Mining and Customer Service Example – extraction and retrieval of information to deduce insights from data (IBM, n.d.). Chat bot Social Media Profiles Online Reviews Support tickets Customer surveys Image source: www.freepik.com Data Driven DSS Access and manipulation of internal and sometimes external data of a company in large structured databases (Varshney & Srivastava, 2017). Executive Information System Image Source: https://www.pngwing.com/en/free-png-yfzkt Data Warehouse Image Source: https://metricx.com/wp-content/uploads/2018/10/RentViewer-ReportingDatabase-Diagram-2018-09.png Data Mining Image Source: https://www.predictiveanalytics today.com/oracle-data-miningodm/ Knowledge Driven DSS Person-computer systems with expertise on a particular domain with problemsolution skills that can recommend apt actions for managers(Varshney & Srivastava, 2017). Image Source: https://www.guru99.com/expert-systems-withapplications.html Warehouse Optimization Cloud Inventory Management System Image source: https://www.sosinventor y.com/cloud-inventorymanagement Model Driven DSS Provides access and manipulation of a model by using data and parameters that are fed by decisionmakers to help them analyze a situation (Varshney & Srivastava, 2017). GIS Sample Image Source: https://www.esri.com/en-us/what-is-gis/overview Finance Model Sample Image Source: https://insightsoftware.com/blog/11-financialmodel-examples-and-templates/ DCF Model Sample Image source: https://corporatefinanceinstitute.com/resources/financialmodeling/dcf-model-template/ Communication Driven DSS Involves collaboration, coordination and communication to analyze situations and solve problems among group decision-makers (Varshney & Srivastava, 2017). References Corporate Finance Institute. (2022, November 26). Decision Support System (DSS). Retrieved from CFI Education Inc.: https://corporatefinanceinstitute.com/resources/management/decisionsupport-system-dss/?fbclid=IwAR3qeEUqWN6H98LUEm4d1exVFU5I73hm8QEsfErKEwCg97VLham3TQgN6k Convedo.com (n.d.) Unstructured vs. Structured: Integrating Intelligence for Better BPM. Retrieved from https://info.convedo.com/unstructured-vsstructured-information-integrating-intelligence-for-betterbpm#:~:text=What%20is%20Structured%20and%20Unstructured,relationship%20 management%20tool%20(CRM). Fairlie, M. (2023, January 30). Decision Support Systems Applications and Uses. Retrieved from Business.com: https://www.business.com/articles/decisionsupport-systems-dss-applications-anduses/?fbclid=IwAR1gVDbi9mYkLZIEYwKl0f8k-ok0gWaRoC35Kg2a4yUoF8ZC4A9IBikWDY IBM (n.d.) What is text mining? Retrieved from https://www.ibm.com/topics/textmining#:~:text=Text%20mining%2C%20also%20known%20as,meaningful%20patte rns%20and%20new%20insights. Varshney, M. & Srivastava, A.K. (2017). Decision Support System in Corporate Intelligence. International Journal of Advanced Research in Computer and Communication Engineering, 6(6), 347-350.