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3. Unstructured decisions are those in which the decision maker is required to contribute
judgement, evaluation, and insights into the topic's description. These processes are very
common at higher levels of the organisation. Senior executives are routinely exposed to a
range of unstructured decision-making circumstances that necessitate insight from multiple
sources of knowledge and personal experience.
One example can be that, it is very difficult to tell or decide whether to expand to a new
market or not, but if we use data properly we can take these decisions with minute risk. We
still require the management to lead us through the solution.
4. DSS refers to Decision Support System which is an integrated software which helps in
compounding data by using different combinations. These are the different types of DSS:
• Data Driven DSS
• Document Driven DSS
• Knowledge Driven DSS
• Mode Driven DSS
• Communication Driven DSS
5. Types of feasibility studies:
Technical
Economic
Organisational Maturity
6. Shops, as we all know, acquire a lot of data from their customers, and that data is subject
to being leaked, DDOS (Distributed Denial of Service) attacks, malware, and malicious users
hacking their computer systems.
Cloud computing helps with the management and storage of a variety of data, including
sales, inventory, and customer information, among other things.
Cloud computing's firewall regulations, IAM policy (least privilege policy), and other cutting-
edge security technologies keep the data safe and secure.
Companies can store their data with any of the cloud providers, such as AWS and GCP, and
the cloud has shown to be a valuable asset to any organisation.
8. IoT: Thanks to GPS technologies, we can track our packages and know when they will arrive.
In these extraordinary times, safety is of the utmost importance, and when we order a delivery,
we know who will deliver our goods, what his temperature is, and when he will be at our home
to deliver our item. LIMITATION: This has not yet fully opted by everyone in the market as they
do not currently have the infrastructure for the same.
10. To set themselves apart from their competitors, today's firms must provide an excellent
client experience. Over the last few years, Amazon, for example, has been the go-to internet
platform for online shopping. It boasts one of the most extensive CRM infrastructures in the
world, which uses consumer data gathered during purchases to swiftly alter users' online
experiences.
When making a purchase on Amazon, one must first register a personal account. Amazon
then tailors marketing and email campaigns to the customer's preferences based on their
purchases and browsing history. LIMITATION: Although CRM software allows for the
automation of procedures within a company, it also eliminates the human element, which is
necessary for building strong client relationships.