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.
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Scooped by Lorien Pratt
October 28, 2022 1:11 PM
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2022 Total Economic Impact Study Reveals A 518% ROI with Gurobi

2022 Total Economic Impact Study Reveals A 518% ROI with Gurobi | Decision Intelligence News | Scoop.it

"According to study participants, Gurobi enables them to solve problems significantly faster than open-source solvers, other commercial solvers, and spreadsheet-based optimization tools. Specifically, participants reported that Gurobi reaches optimality 10x faster than other commercial solvers."

Lorien Pratt's insight:

This article focuses on optimization: an important element of the DI technology stack. Decision modeling lets us identify the outcomes we want, available actions, causal chains from actions to outcomes, and the data, models, and human expertise that inform causal chains from action to outcomes. Once we have a decision modeling, simulation and optimization then lets us use the model to explore decision behavior and find the best actions to take to achieve our outcomes.

In the future we'll see optimization tools like those from Gurobi integrated with the other elements of the DI stack, following an emerging industry architecture.

Scooped by Lorien Pratt
November 15, 2021 4:59 PM
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Decision Making: A Profitable Use of AI

Decision Making: A Profitable Use of AI | Decision Intelligence News | Scoop.it

"More organizations are using AI to aid in decision making—to enhance their human intelligence, all the way up to and including the complete automation of decisions. AI is treading a similar path to analytics, moving from simply descriptive or diagnostic systems of the past to being more predictive and prescriptive. It’s providing visibility into and shaping the future and suggesting options and scenarios for decisions. 

 

The challenge going forward is how to make sense of the complex process by which these decision options are made and presented and whether they can be trusted. An increasing number of intelligence platforms are helping customers to monitor their operations—industrial, agricultural, technological, cultural—and provide informed options on which they can act/decide how to move forward or respond to changing conditions."

Lorien Pratt's insight:

As Dr. Pell notes, organizations are employing Decision Intelligence (DI) to leverage the power of AI in decision making. For example, Quantellia used DI to reduce a bank’s annual operating costs for communications services by hundreds of millions of dollars.

 

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