Research: Automated Decision Systems.
Background: As noted by Turban (2015), a relatively new approach to supporting decision making is called Automated Decision Systems (ADS), sometimes also known as Decision Automation Systems (DAS, see Davenport and Harris, 2005). An ADS is a ruled-based systems that provide a solution, usually in one functional area (e.g., finance, manufacturing), to a specific repetitive managerial problem, usually in one industry (e.g., to approve or not to approve a request for a loan, to determine the price of an item in a store)
Reference: Sharda, R., Delen, Dursun, Turban, E., Aronson, J. E., Liang, T-P., & King, D. (2015). Business Intelligence and Analytics: Systems for Decision Support. 10th Edition. By PEARSON Education. Inc.
Assignment: Go to pages 471 to 475 and familiarize yourself with the contents therein. Go ahead and define
1)what decision automation systems means,
2)mention the key components of a DAS, and which industries are the big users of DAS, and finally, how could DAS assist consumers.
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