Week 4 Short Paper
write a three page paper answering the question posed including references.
Some experts claim that if a business gets 52 percent of its decisions right, it will be successful. Would using a decision support system guarantee better results? Why or why not? What does the quality of any decision depend on? Do you think it matters what type of decisions are included in this 52%? For example, would getting the right type of paper clips be as influential a decision as deciding where to locate the business? Can you think of a situation where the type of paper clip matters a great deal?
Also, I need help answering the following question. It onlys needs to be about a paragraph.
AIl systems are relatively new approaches to solving business problems. What are the difficulties with new IT approaches in general? For each of the systems we discussed, identify some advantages and disadvantages of AI systems over traditional business processes. Say you were selling specialty teas and had brick and click stores. Would you use the same type of AI systems for each part of your business? In what way would you use them or why would you not? Is there a place for decision support and artificial intelligence techniques in small specialty businesses? In what way would decision support add value? Can you think of how a DSS or an AI system would be value reducing (in terms of Porters value chain theory)? What do you see as the major differences between running a mammoth concern and a small specialty business?
