Decision support tool development

In every particular field or sector the value, the feasibility and profitability of a business decision is affected by a wide range of factors. Even experienced professionals often find it difficult to make such a decision based on the available information. To make things worse, the complexity caused by the interconnection of all these technical, economic and other factors is yet another reason why the best solution is not always the intuitive one. Decision support tools are therefore used to help a business optimize its operations.

Decision support tools (often called DSTs) are pieces of software based on some mathematical and/or logical algorithm that can systematically analyze information and help the decision makers to choose or find the best solution. DSTs are being used in almost every industry, with many forms and goals. Helping either in the company management, in its planning or even in the design of its operations the value of a DST can be directly projected in the value of the decision itself. Increasing the profits, reducing the costs, managing risks and uncertainties, or decreasing the time needed can all be examples of the benefits that can be brought by using such a tool.

In Exelisis, we have extensive knowledge of the development process of DSTs. We provide custom-made software tools tailored to our customers’ needs and accounting for the particularities of their business decisions.