Question
Which of the following is the most critical success
factor for the implementation of a Decision Support System (DSS) within an organization?Solution
Flexibility is the cornerstone of a successful DSS implementation in dynamic business environments. A Decision Support System is designed to assist managerial decision-making by analyzing large volumes of data, generating insights, and supporting "what-if" analyses. However, its effectiveness depends significantly on its adaptability to changing market trends, evolving organizational structures, and new business goals. A rigid DSS fails to accommodate these changes, rendering its outputs obsolete or irrelevant. Flexibility ensures that the DSS remains a valuable tool, offering timely and accurate insights regardless of external or internal shifts. For example, a DSS for inventory management that can integrate new supplier data seamlessly would help organizations maintain competitiveness and efficiency. Why Other Options Are Incorrect:
- A) Real-time reporting is important but secondary to adaptability since not all decisions require real-time data.
- B) Integration with ERP systems enhances data availability but does not directly impact the DSS's ability to handle dynamic changes.
- D) Cloud-based technologies improve scalability but do not ensure flexibility in the system's operational logic or usability.
- E) Historical data reliance may lead to biased or outdated decisions, especially in rapidly evolving industries.
Which of the following are the benefits of Self-Help Groups (SHGs)?
I- SHGs often appear to be instrumental in rural poverty alleviation.
<...Consider the following statements about the Beneficiary-led individual house construction/enhancement (BLC) component of PM Awas Yojana (Urban):
<...PM Suraksha Bima yojana is an affordable insurance scheme for the poor and underprivileged people in the age group of?
Which of the following statements correctly describes the role of the National Skill Development Corporation (NSDC) in the Skill India Mission?
Under the NAMASTE scheme, what is the expected outcome in terms of fatalities in sanitation work in India?
As per Economic Survey 2021-22, Gross fixed capital formation exceeded pre-pandemic levels and is estimated to have grown by ____ in 2021-22?
The number of people having access to improved sanitation facilities increased to what percent according to NFHS-5, from 49 per cent in NHFS-4?
Employees’ Deposit-Linked Insurance is an insurance cover provided by the EPFO for private employees. It was launched in which of the following year?
Which three Public Sector Undertakings (PSUs) implement the PM-DAKSH Yojana for their respective target groups?
Which of the following Statements about the Geographical Indications tags (GI Tags) is False?