According to Davenport (2009), ancient approaches to decision making have recently been augmented by improvements in technology and new research.
You are required to write an essay on ONE of the following emerging decision making approaches outlined by Davenport (2009):
(a) Decision analytics
(b) Automated decision making
(c) Behavioural economics
Your essay should describe your chosen decision making approach using existing literature and illustrate how this approach is currently being used in practice using real world examples. Your essay should also discuss the extent to which this approach is superior to traditional organizational decision making practices, highlighting any potential pitfalls with this new approach and suggesting possible strategies for overcoming these pitfalls.
Related learning outcomes
• Describe and discuss current Information Systems issues.
• Discuss organizational decision making, describing the emergence of new forms of technologically augmented decision making practices.