Section 2
Decision Making
Book
Version 6
By Boundless
By Boundless
Boundless Business
Business
by Boundless
5 concepts
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Expert Systems
An expert system consists of both an inference engine and a knowledge base and has decision-making abilities.
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Informed Decisions
Effectively transforming data into actionable information is the key to using information technology to improve decision making.
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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.
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Information and Knowledge
Knowledge is acquired through the use of and access to information.
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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.