Section 2
Decision Making
Book
Version 6
By Boundless
By Boundless
Boundless Business
Business
by Boundless
5 concepts
Expert Systems
An expert system consists of both an inference engine and a knowledge base and has decision-making abilities.
Informed Decisions
Effectively transforming data into actionable information is the key to using information technology to improve decision making.
Information and Risk Trade-Off
IT risk relates to the business risk associated with the use, ownership, operation, involvement, and adoption of IT within an enterprise.
Information and Knowledge
Knowledge is acquired through the use of and access to information.
Data and Information
Data consists of nothing but facts, which can be manipulated to make it useful; the analytical process turns the data into information.