This essay focuses on Business analytics and Decision modelling. There are a number of approaches to decision modeling with companies offering different methodologies. There is also a forthcoming standard.
You need to do task 3 which is only 300 words task. Also task 1 the word count should be reduce. All refrence should be APA7
There are a number of approaches to decision modeling with companies offering different methodologies. There is also a forthcoming standard, the Object Management Group’s Decision Model and Notation, now in beta. This standard, like the Business Process Model and Notation, does not focus on methodology but on standardizing the way decision models should be represented. This will give users of any compatible decision modeling approach access to a broad community and a vehicle for sharing expertise more widely.
At the core of any decision model, and of the DMN standard, are a few key concepts:
Decision modeling applies these basic concepts to produce decision models or decision requirement models. These models are a network of decisions, input data or information objects and knowledge sources or representations. As a process model is to workflow or a data model is to information, a decision model is to decision-making: A clear and unambiguous way to describe decision-making by breaking down that decision-making into a set of simple concepts.