OMSAIRAM

Decision making is the process of developing and analyzing alternatives to make a

decision, a choice from the available alternatives. Most decisions are made in
response to a problem i.e., a discrepancy between a desirable and an actual
decision and involve judgment, the cognitive aspects of the decision-making
process.

Although each group of decisions is specific in domain and time demanding, there
will be common principles and tools for making better decisions. the following
techniques to overcome the barriers to effective decision making:

Increase knowledge. A lack of experience with the problem at hand can cause anyone
to make poor decisions.
� Be creative. Creativity is the process of developing original, novel responses to
a problem. It is essential for decision-making activities, such as discovering
alternatives or defining problems. Creativity can be cultivated by checking
assumptions and thinking through the process, step-by-step.
� Use intuition. Intuition can be defined as a cognitive process whereby we
unconsciously make a decision based on accumulated knowledge and experience.
� De-bias judgment.
De-biasing judgment requires four steps:
(1) understand that the possibility of bias exists,
(2) understand how bias can affect judgment,
(3) analyze previous decisions to determine how bias may have affected them, and
(4) accept that while biases exist they can be minimized through diligence.
� Don�t over stress the finality of the decision. Very few decisions are forever;
there is more �give� in decisions than we realize.
� Make sure the timing is right.

The few Decision making reporting tools are:

SAP Business Objects Software

SAP BusinessObjects is a business intelligence solution designed for companies of

all sizes. It offers ETL (extract, transform, load), predictive dashboard, Crystal
reports, OLAP (Online Analytical Processing) and ad-hoc reporting functionalities
within a suite.

SAP BusinessObjects allows users to integrate with external systems, such as

Salesforce and Microsoft Office and combine data from these for executing business
analytics and reporting functions.

IBM Cognos
IBM Cognos is an integrated, web-based analytical processing system owned by IBM.
It contains toolkit to perform analysis, reporting and score carding along with the
provision to monitor metrics.

It also contains numerous inbuilt components to meet various information

requirements in an organization.

These components are mainly windows based namely IBM Cognos Framework Manager, cube
designer, IBM Cognos Transformer, map manager and IBM Cognos connection.

IBM Cognos Report Studio is used to create reports that are shared with knowledge
processing departments. It gives the flexibility to create any type of report
including charts, lists, maps, and repeat function.

IBM Cognos Analysis Studio is used to search for background information about an
action/ event and prepare the analysis of large data sources. Key OLAP features
like roll up and drills down are used to get a better understanding of information.

Halo Software

Halo is an end-to-end supply chain management and business intelligence platform

that helps in business planning and forecasting inventory for supply chain
management. The system uses data from all sources - big, small, and in-between - to
form a cumulative view of all business information.

By combining the BI data analytics with a social platform, companies can use the
data to spark dialogue between employees, helping to generate ideas and guide
business decisions.

https://bib.irb.hr/datoteka/726670.4-DECISION_SUPPORT_AND_BUSINESS_INTELLIGENCE.pdf

https://www.softwaretestinghelp.com/best-olap-tools/