ISDS 2001 Study Guide - Midterm Guide: Prescriptive Analytics, Predictive Analytics, Business Analytics

• School: LSU
• Department: Information Systems & Decision Sciences
• Course: ISDS 2001
• Professor: Cantazaro

Document Summary

Supply chain effectively and safely: what information is provided by the descriptive analytics employed at. Wireless monitors: changing business environment and computerized decision support, companies are moving aggressively to computerized support of their operations business intelligence, business pressures-- responses-- support model. Business pressures- results of today"s competitive business climate: globalization, customer demand, government regulations, market conditions, competition. Responses- to counter the pressures: strategy, partners" collaboration, real time response, agility, new vendors, new business models. Support- to better facilitate process: analyses, predictions, decisions. Integrated computerized decision support bi: the business environment- environment in which organizations operate today. Becoming more and more complex: creates opportunities and problems (ex: globalization) Managers may take actions: (see book for full list: employ strategic planning, use new and innovative business models, restructure business processes, participate in business alliances. Improve corporate information systems: closing the strategy gap.