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A summary of the AVM technologies LTD. what are challenges and opportunities in terms of the...

A summary of the AVM technologies LTD. what are challenges and opportunities in terms of the planning, purchase, and implementation of an information technology system that you have chosen.

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AVM Technologies Ltd is headquartered in the US which deals in the business line of providing various software solutions in the real estate industry. It has been delivering products for serving property, asset and financial management needs of more than 5000 companies. It offers Windows-based products consisting of different features and options that cater to the companies of all business sizes and organizational structures. In addition, the company operates on different client server platforms, which vary from single users to large scale SQL systems.

Decision support systems (DSS) have emerged as one of the most advanced information technology systems that help companies in undertaking crucial business decisions by supporting human intelligence over years. However, there exist various opportunities and challenges with regards to its planning, purchasing and implementation in the businesses. Uncertainties associated with DSS are difficulty in quantifying data, system design failure, lack of assumptions, difficulty in collecting required data, lack of technological expertise of users, high cost of development, information overload, devaluation of subjectivity and others. On the other hand, opportunities of using this technology include optimum utilization of resources, determining consequences of various courses of actions, evaluating previous actions, analyzing past and present trends for future forecast, shortening of decision making cycle, increased accuracy of data, reduced cost of decision making and strategic competitive advantage.

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