Decision Support System for Cloud ML Powers Strategic Business Choices

Authors

  • Hannah Wagner Fraunhofer Institute for Manufacturing Engineering and Automation IPA, 70569 Stuttgart, Germany Author
  • Katharina Becker Fraunhofer Institute for Manufacturing Engineering and Automation IPA, 70569 Stuttgart, Germany Author

Abstract

Organizations using AI and machine learning make faster, more informed, and cost-effective decisions across their operations. Modern decision support system examples demonstrate how these technologies transform business operations by processing vast amounts of data and identifying crucial patterns that human analysts might miss. Cloud platforms like AWS, Microsoft Azure, and Google Cloud have significantly enhanced this capability by providing the necessary infrastructure for running complex AI and ML models at scale. Furthermore, these systems prove particularly valuable in finance, where they assess credit risk and detect fraudulent transactions in real-time, and in manufacturing, where they optimize operations and improve productivity through IoT integration. We will explore how cloud-based machine learning powers strategic decision-making across various industries. Specifically, we will examine how these systems enhance operational dependability, reduce costs, and improve efficiency through data-driven insights, while also addressing the technical requirements and challenges of implementing such solutions.

Downloads

Published

2022-01-18

Issue

Section

Articles

How to Cite

Decision Support System for Cloud ML Powers Strategic Business Choices. (2022). International Journal of Contemporary Research and Literacy Works, 3(1), 29-41. https://ijcrl.com/1/article/view/58