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model
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Simplified representation or abstraction of reality
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Transactional Information
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Encompasses all of the information contained within a single business process or unit of work, and its primary purpose is to support the performing of daily operational tasks
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Analytical Information
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Encompasses all organizational information, and its primary purpose is to support the performing of managerial analysis tasks
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Online Transaction Processing
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The capturing of transaction and event information using technology
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Transaction Processing System
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Basic business system that serves the operational level in an organization
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Online Analytical Processing
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The manipulation of information to create business intelligence in support of strategic decision making
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Decision Support System
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Models information to support managers and business professionals during the decision-making process
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Executive Information System
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Specialized DSS that supports senior-level executives within an organization. Contains data from both external and internal sources.
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Digital Dashboards
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Integrate information from multiple components and tailor the information to individual preferences
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Intelligent Systems
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Various commercial applications of artificial intelligence.
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Artificial Intelligence
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Simulates human intelligence such as the ability to reason and learn
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Expert Systems
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Computerized advisory programs that imitate the reasoning processes of experts in solving difficult problems.
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Neural Network
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Attempts to emulate the way the human brain works. analyze large quantities of information to establish patterns and characteristics.
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Fuzzy logic
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A mathematical method of handling imprecise or sujective information.
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Genetic algorithm
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Mimics the evolutionary, survivial-of-the-fittest process to generate increasingly better solutions to a problem. finds the combination of inputs that gives the best outputs.
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