Decision Support System is a software product designed to analyze and predict situations, helping to make decisions based on the results obtained. DSS software solutions are often used by large companies, enterprises and organizations when it is necessary to collect information based on large amounts of data, predict further development of a situation and form an optimal action plan. DSS is also used to compile global information reports.
DSS software differ from conventional analytics services in that they not only help to collect and analyze data, but also offer a turnkey solution based on the obtained data. DSS can act as fully automatic systems, as well as auxiliary decision-making tools.
A scenario where DSS can be used is when a large company needs to forecast its revenue for the next half a year, taking into account changes in the market. The system will take into account all the numerous variables and make an approximate forecast.
Another good example of DSS is a GPS routing service. The user specifies the point he wants to get to, and the system automatically selects the optimal route and method of travel, taking into account a variety of factors such as distance, travel time, traffic jams, the amount of available transportation and cost.