Mgt 455 Unit 4 Discussion Board

Discussion 1:Decision support system refers to the computer applications which help in analyzing the business data so as to facilitate the business decision process. For example, it helps in carrying out the comparative analysis of the sales figures for the specific period of time, forecasting the demand, projecting the project revenues, identifying workers productivity and analyzing different decisions with respect to its consequences. It presents the information in the graphical form and may include expert systems like artificial intelligence. It is an interactive software based system which helps in compiling huge amount of information such that the information helps in taking decisions, better learning and timely problem solving. References:http://www.informationbuilders.com/decision-support-systems-dsshttp://searchcio.techtarget.com/definition/decision-support-system Discussion 2: Management Information System (MIS) and Decision Support System (DSS) are two important terms of business management. MIS helps linking various disciplines in the business and assist in building the communication among the corporate people, while DSS includes analyzing the data so as to reach the effective and efficient decisions. MIS includes gathering of information and facilitates the planning process pertaining to several functions of management. On the other hand, DSS focuses on leadership and provides innovative vision