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What are decision support systems? Sifting data for better business decisions

CIO

The concept of DSS grew out of research conducted at the Carnegie Institute of Technology in the 1950s and 1960s, but really took root in the enterprise in the 1980s in the form of executive information systems (EIS), group decision support systems (GDSS), and organizational decision support systems (ODSS). DSS database.

System 361
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5 hot IT budget investments — and 2 going cold

CIO

The economy may be looking uncertain, but technology continues to drive the business and CIOs are investing big in 2023. At the same time, they are defunding technologies that no longer contribute to business strategy or growth. It’s all about uptime and input.

Budget 363
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What is data analytics? Analyzing and managing data for decisions

CIO

It comprises the processes, tools and techniques of data analysis and management, including the collection, organization, and storage of data. The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. This is often used to understand customer segments.

Analytics 338
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Tellius announces $8M Series A to build ML-fueled business data query tool

TechCrunch

CEO and founder Ajay Khanna says the company is attempting to marry two technologies that have traditionally lived in silos: business intelligence and artificial intelligence. The product takes aim at three employee groups. Today’s investment brings the total raised to $17 million, according to the company.

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Leaning into Retail’s Challenges with Digital Transformation

CIO

That may sound like retail leaders are all in , ready to use new technology tools to extract maximum value out of their operations; ready to embrace change and grab the future by the horns. But the truth is many are probably not prepared for what’s ahead. Are they using technology to win the margin game? That’s a 2.39% margin.

Retail 363
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What is data governance? Best practices for managing data assets

CIO

It encompasses the people, processes, and technologies required to manage and protect data assets. It must define who is accountable for stewardship activities that are the responsibilities of individual contributors and groups of data stewards. Your data governance program needs to continually break down new siloes.

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Asset Tracking in Logistics: When and Which Technologies to Implement

Altexsoft

So let’s discuss what asset tracking systems are, how they work, which technologies stand behind them, and how they benefit logistics and manufacturing companies. The same technologies can also be used to track people within the facility (mainly for security, navigation, or analytics purposes). What is asset tracking?