Decision-Making with Information Technology

Applying information technology as a tool for decision-making is one of the most important tools a manager can have. Information technology can provide decision support systems known as (DSS) and artificial intelligent agents known as (AI) to dig into data and make data-driven decisions. Technology can reduce hours of work otherwise compiled through a manual task. Another benefit from information technology is the vast amount of information with fast response time.

Knowledge based or evidence based decisions are providing organizations with reliable and predictable information to make precise decisions to meet organizational goals. This area of decision-making is utilized in many industries by managers. For example, the medical industry is continually striving to meet higher standards set by regulators. Vehicles and housing are constantly set to meet higher standards in emissions and solar efficiency. The list goes on into nearly every industry. Technology plays a paramount part of the ability to keep up with changing times.

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In the article for this week’s reading Ahang, C., Shou, G., Lu, Q. and Chang. F. (2017) describe pre-existing knowledge buried in manufacturing enterprises as being an immense help to decision-makers for product innovation. Using technology and graph-based decisions are utilized to create knowledge maps and knowledge navigation that generates information on products during various stages of the lifecycle.

Research the different tools and technical software used in managerial decision-making. Evaluate and compare two or three types. Write a paper with your audience being the CEO and Board of Directors that discusses the two types and your recommendation of the one to purchase. Give examples and specifics that may convince top management to go with your choice.

some of the references that you can use:

Fehrenbacher, D. D., & Djamasbi, S. (2017). Information systems and task demand: An exploratory pupillometry study of computerized decision making…

BERA, P. (2016). How Colors in Business Dashboards Affect Users’ Decision Making. Communications of the ACM, 59(4), 50–57.

Information Technology, Decision-Making Mechanism and Selection of Decision-Making Mode. (2010). 2010 International Conference on Computing…

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