Decision Intelligence News
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Decision Intelligence News
AI/BI/CI/DI: Decision intelligence (DI) solves the world's most complex problems by connecting actions to outcomes.  It connects collaborating human decision makers to knowledge and also to technologies like machine learning, AI, deep learning, visual decision modeling, complex systems modeling, big data, predictive analytics, UX design, statistical analysis, business intelligence, business process management, causal reasoning, evidence-based analysis, and more. See https://en.wikipedia.org/wiki/Decision_Intelligence. For an overview, see the webinar at http://youtu.be/XRTJt3bVCaE, http://www.lorienpratt.com, and the Decision Intelligence group: http://www.linkedin.com/groups?gid=205078.   Also, my company offers DI and machine learning consulting services.  See http://bit.ly/1X8O2zF to learn more.  Don't miss the latest DI news! Sign up at subscribe.decisionintelligencenews.com.
Curated by Lorien Pratt
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Scooped by Lorien Pratt
October 25, 2022 12:59 PM
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AI-powered decision intelligence platform Tellius raises $16M

AI-powered decision intelligence platform Tellius raises $16M | Decision Intelligence News | Scoop.it

Artificial intelligence-powered 'decision intelligence' platform provider Tellius Inc. is in expansion mode after closing on a $16 million round of funding today...

Whereas BI tends to focus on answering 'what happened-style questions,' decision intelligence goes beyond that to provide more expansive answers, explaining why something happened and how to proceed, Khanna said. 'Answering the toughest business questions is rarely a linear process or doable via a single form of analytics, such as descriptive, diagnostic, predictive or prescriptive analytics,' the CEO added. 'Tellius blends all analytical modes together, making analytics an agile and seamless experience to drive solid business decisions'...

The offering has won over a number of Fortune 500 companies, with Tellius claiming to have customers in verticals ranging from eCommerce, pharmaceutical, banking, financial services and insurance."

Lorien Pratt's insight:

This article focuses on the reasons why investors and Fortune 500 companies are excited about DI--DI tells us why actions can lead to outcomes and helps us determine what actions to take to achieve desired outcomes.

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Scooped by Lorien Pratt
October 18, 2022 12:30 PM
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16 Tech Trends Poised To Make A Big Impact On Product-Based Businesses

16 Tech Trends Poised To Make A Big Impact On Product-Based Businesses | Decision Intelligence News | Scoop.it

"Decision intelligence platforms will redefine the way we think, work and build products. The way many companies do business tends to be tedious and unpredictable. I believe there is a way to have better support in decision making, which eventually will lead to predictive outcomes."

Lorien Pratt's insight:

This article points out how technology including DI and several AI technologies will change how companies produce and market retail consumer products.

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Scooped by Lorien Pratt
October 25, 2022 11:27 AM
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Decision Intelligence and the Future Beyond BI

Decision Intelligence and the Future Beyond BI | Decision Intelligence News | Scoop.it

"As every company strives to become data-driven, decision intelligence has emerged as one of the most strategic technology imperatives today. And for good reason. Today there’s more data than ever before, and decision-making is becoming more challenging. Decision intelligence democratizes AI-enabled analytics and enables anyone within an organization to make better decisions faster and more consistently...

The underlying problem with traditional analytics is that it is inaccessible to the users responsible for making business decisions. Traditionally, the skills and knowledge needed to build, manipulate, and report the relevant data often have been more aligned with tech and development personnel—not business leaders and strategists. Decision intelligence changes that, in Gartner’s words, by facilitating 'a wide range of decision making' through advanced AI and 'adapted system applications.'"

Lorien Pratt's insight:

Kohl provides insights in to the "why" of decision intelligence. More data alone will not produce better decisions. Without the right tools, more data means more cost and complexity. The power of DI is to quickly put the right data-plus non-data sources of decision information- into the hands of every decision-maker.

Aman shastry's comment, January 17, 6:48 AM
There is no doubt that the future is of AI and Robots @aman
Scooped by Lorien Pratt
September 16, 2022 12:37 PM
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What-if Scenarios in DI

What-if Scenarios in DI | Decision Intelligence News | Scoop.it

"Beyond decision making, the Decision Intelligence Platforms allow to work in what-if mode. The idea is to change the parameters generating the scenarios, to change the set of constraints to be respected as well as the objectives to be optimized.

 

By controlling this scenario generation at a very high level, it becomes possible to analyze potential futures, and to draw the most profitable one for a company."

 

Excerpt translated by www.DeepL.com/Translator (free version)

Lorien Pratt's insight:

Saupin and Schiessl's article highlights the importance of simulating scenarios to generate "data from the future" in DI.