Executive Information Systems EIS Combines many features of MIS and DSS Provide

Executive information systems eis combines many

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CHAPTER DECISION SUPPORT SYSTEM 2 (THE SLIDES ON DRIVE WITH 2. Executive Information Systems (EIS) Combines many features of MIS and DSS Provide top executives with immediate and easy access to information Identify factors that are critical to accomplishing strategic objectives (critical success factors) So popular that it has been expanded to managers, analysis, and other knowledge workers Features of an EIS Information presented in forms tailored to the preferences of the executives using the system Customizable graphical user interfaces Exception reports Trend analysis Drill down capability Enterprise Information Portals An EIP is a Web-based interface and integration of MIS, DSS, EIS, and other technologies Available to all intranet users and select extranet users Provides access to a variety of internal and external business applications and services Typically tailored or personalized to the user or groups of users Often has a digital dashboard Also called enterprise knowledge portals
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Business Analytics vs Business Intelligence Business Intelligence(BI): BI covers strategies, processes and technologies in order to achieve knowledge about status, potentials and perspectives of a company out of heterogeneous and distributed data. Business Analytics(BA) : BA is the study of data using statistical and mathematical methods to understand current scenarios and predict future. Categories of Business Analytics (DIAGRAM IN DECISION SUPPORT SYSTEMS 2) 6 Gartner Four Stage Business Analytics Descriptive Analytics Diagnostic Analytics Predictive Analytics Prescriptive Analytics Gartner Four Stage Business Analytics Artificial Intelligence Artificial Intelligence is the intelligence demonstrated by machines using field of science and technology. Attributes of AI Think and reason Use reason to solve problems Learn and understand from experience Acquire and apply knowledge The domain of Artificial Intelligence
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Cognitive Science Application Robotics Application Natural Interface Application Business Application of AI Artificial intelligence (AI) is steadily passing into everyday business use. From workflow management to trend predictions, AI has many different uses in business. It also provides new business opportunities. Banking and Finance for fraud detection Retail for online customer support Chatbots for interactivity E-commerce to push products & services Major Types of Artificial Intelligence Expert System A knowledge-based information system contain knowledge about a specific, complex application area and acts as an expert consultant to end users Neural Networks A computing system that is modeled after the mesh like network of neurons in human brain. Major Types of Artificial Intelligence Genetic Algorithms(GA) GA are heuristic and adaptive search algorithm that based on the evolutionary ideas of genetics and natural selection.
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Fuzzy Logic Systems It is a methods of reasoning that resembles human reasoning with approximate, incomplete or unambiguous data instead of binary choices.
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