Spreadsheets - Mainly used at business's, they can also be used at home to keep track of finances, stocks, address's. It can provide information of a person's previous actions so as they can decide whether or not to take some action.
Simulation - Simulation software simply put, puts a person into a certain virtual situation. Examples of this include a simulation flying program for a trainee pilot. This can help train people for different situations, so they know what to do in those situations when the time arrives.
Data mining - Data mining is a tool used mainly by business's, to sort through and find relavant bits of information in large amounts of data. This can help in decision making as it allows you to find past data effectively, and decide whether or not to take action, or whether it is even relavant anymore.
Exception reporting - Exception reporting tools are used to show the difference between an expected result, and what occurs naturally. This can allow companies to look at this difference, and adapt accordingly to it, furthering their finacial gain and avoid becoming bankrupt.
Wednesday, 15 October 2008
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