[WEBINAR] Application Acceleration: Faster Performance for End Users

Decision Support System (DSS)

Definition - What does Decision Support System (DSS) mean?

A decision support system (DSS) is a computer-based application that collects, organizes and analyzes business data to facilitate quality business decision-making for management, operations and planning. A well-designed DSS aids decision makers in compiling a variety of data from many sources: raw data, documents, personal knowledge from employees, management, executives and business models. DSS analysis helps companies to identify and solve problems, and make decisions.

Techopedia explains Decision Support System (DSS)

Decision-making analysis was conducted by the Carnegie Institute of Technology in the late 1950s and early 1960s. The Massachusetts Institute of Technology (MIT) applied computer technology to decision-making theory in the 1960s. By the 1980s, intensive research on DSS was underway, and new theories and concepts emerged from single-user models of DSS, including organizational decision support systems (ODSSs), group decision support systems (GDSSs) and executive information systems (EISs). By 1990 DSS was broadened to include data warehousing and online analytical processing.

Typical information gathered by a DSS may include:

  • Projected revenue and sales figures, some based on new product sales projections
  • Comparative sales figures between selected time periods
  • Inventory data organized into relational databases for timely analysis

In some DSS applications, timely analysis includes the consequences of different decision alternatives.

DSS applications are used in many diverse fields, including medical diagnosis, credit loan verification, evaluating bids on engineering projects, business and business management, agricultural production at the farm and policy levels, forest management and railroad (for evaluation of defective rails).

Techopedia Deals

Connect with us

Techopedia on Linkedin
Techopedia on Linkedin
"Techopedia" on Twitter

Sign up for Techopedia's Free Newsletter!

Email Newsletter

Join thousands of others with our weekly newsletter

Free Whitepaper: The Path to Hybrid Cloud
Free Whitepaper: The Path to Hybrid Cloud:
The Path to Hybrid Cloud: Intelligent Bursting To Amazon Web Services & Microsoft Azure
Free E-Book: Public Cloud Guide
Free E-Book: Public Cloud Guide:
This white paper is for leaders of Operations, Engineering, or Infrastructure teams who are creating or executing an IT roadmap.
Free Tool: Virtual Health Monitor
Free Tool: Virtual Health Monitor:
Virtual Health Monitor is a free virtualization monitoring and reporting tool for VMware, Hyper-V, RHEV, and XenServer environments.
Free 30 Day Trial – Turbonomic
Free 30 Day Trial – Turbonomic:
Turbonomic delivers an autonomic platform where virtual and cloud environments self-manage in real-time to assure application performance.