Decision Support System - DSS


DEFINITION of 'Decision Support System - DSS'

A computerized information system used to support decision-making in an organization or business. A DSS enables users to sift through and analyze massive reams of data and compile information that can be used to solve problems and make better decisions.

BREAKING DOWN 'Decision Support System - DSS'

The benefits of decision support systems include more informed decision-making, timely problem solving, improved efficiency and better learning. A DSS can compile and present information for many aspects of a business, including sales trends, actual versus projected sales, worker productivity, profitability mix and so on.

  1. Rational Behavior

    A decision-making process that is based on making choices that ...
  2. Behavioral Finance

    A field of finance that proposes psychology-based theories to ...
  3. Behavioral Economics

    The study of psychology as it relates to the economic decision ...
  4. Market Psychology

    The overall sentiment or feeling that the market is experiencing ...
  5. Market Sentiment

    The overall attitude of investors toward a particular security ...
  6. Quick Response (QR) Code

    A type of bar code which can be read by a digital device, and ...
Related Articles
  1. Options & Futures

    Make A Risk-Based Mortgage Decision

    Find out how to choose which mortgage style is right for you.
  2. Active Trading

    An Introduction To The Relative Strength Index

    Learn the difference between relative strength and the relative strength index, a frequently used technical analysis oscillator.
  3. Active Trading Fundamentals

    Do Financial Decisions Get Better With Age?

    Like a fine wine, you no doubt get better as you get older, but your money choices might not.
  4. Personal Finance

    How Tech Can Help with 3 Behavioral Finance Biases

    Even if you’re a finance or statistics expert, you’re not immune to common decision-making mistakes that can negatively impact your finances.
  5. Investing

    How to Spot Secular Bull Markets vs. Secular Bear Markets

    A guide to identifying secular bull and bear markets.
  6. Investing

    What's Better Facebook Moments or Google Photos ?

    Facebook and Google have both released new cloud-based photo sharing services. How good are they?
  7. Brokers

    The Next Industries Bound to be Uberized

    As more startups succeed with the sharing economy business model, investors seek out businesses poised to disrupt their industries like Uber.
  8. Investing

    Will Facebook's New App Leave Siri in the Dust?

    Currently Facebook is testing its new super intelligent virtual assistant, known as, "M". Can this new AI on the block dethrone Apple's Siri?
  9. Investing

    Smart Farming Technology Storms Silicon Valley

    Silicon Valley may be known for growing tech startups, but now the iconic region is welcoming an entirely new breed of residents, startups focusing on smart farming.
  10. Investing News

    Apple and the Battle for Streaming Music

    Spotify, Apple, Youtube and Tidal are facing off for control of a vast market. What factors will determine who emerges as the leader in streaming music?
  1. Is Apple Pay safe and free?

    Apple Pay is a mobile payment system created by Apple to reducing the number of times shoppers and buyers have to pay for ... Read Full Answer >>
  2. How has investing in the Internet sector evolved over time?

    Investing in the Internet sector has become more conservative over time. It reflects a more measured approach that shies ... Read Full Answer >>
  3. How have technical skills shifted over the past century in the workforce?

    Several changes have transformed the skills required of the modern workforce. The influence of technological change has undoubtedly ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Take A Bath

    A slang term referring to the situation of an investor who has experienced a large loss from an investment or speculative ...
  2. Black Friday

    1. A day of stock market catastrophe. Originally, September 24, 1869, was deemed Black Friday. The crash was sparked by gold ...
  3. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  4. Barefoot Pilgrim

    A slang term for an unsophisticated investor who loses all of his or her wealth by trading equities in the stock market. ...
  5. Quick Ratio

    The quick ratio is an indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to meet ...
  6. Black Tuesday

    October 29, 1929, when the DJIA fell 12% - one of the largest one-day drops in stock market history. More than 16 million ...
Trading Center