Decision Support System - Definition & Meaning
What is Decision Support System?
Decision Support System as the name suggests is a system (mostly electronic) which aids or support business or process decisions. It can be a dashboard based system for senior management or detailed information system which can help in processes.
A DSS is advantageous in the following ways:-
- Informed decision making
- Timely problem solving
- Improved efficiency
- Better learning
For example:-A DSS can present and analyze sales trends. DSS can give dashboard of all the employees who are due for confirmation or may be are on leave more than 3 days.
This article has been researched & authored by the Business Concepts Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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