Decision Intelligence News
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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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December 16, 2022 3:53 PM
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Gartner's Hype Cycle for Emerging Technologies in Finance includes DI: the THIRD hype cycle including DI

Gartner's Hype Cycle for Emerging Technologies in Finance includes DI: the THIRD hype cycle including DI | Decision Intelligence News | Scoop.it

"Decision intelligence (DI) is at the Innovation Trigger of the Hype Cycle. DI is a practical discipline used to improve decision making by explicitly understanding and engineering how decisions are made, and how outcomes are evaluated, managed and improved via feedback....


There is a need to transparently represent how decisions are being made.


From a pure business perspective, it makes sense to curtail unstructured ad-hoc decisions that are siloed and disjointed, and properly harmonize collective decision outcomes across an entire organization. Software tools are now emerging that will enable organizations to practically implement DI projects and strategies."

Lorien Pratt's insight:

Gartner now has DI on three hype cycles: AI, Data and Analytics Programs and Practices, and now Emerging Technologies in Finance. It is also significant that in adding DI to the Finance hype cycle, Gartner points out the importance DI in enabling cross-functional decision making.

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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
September 23, 2022 12:34 PM
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How to Use DI to Improve Risk Management, Customer Experience, and Fraud Detection

How to Use DI to Improve Risk Management, Customer Experience, and Fraud Detection | Decision Intelligence News | Scoop.it

“Decision intelligence can enable decision makers across the company to measure, quantify, and predict risk with this data to create a consistent methodology steeped in data-driven insights. The technology can place advanced insights into the hands of analysts and business users—helping accelerate formative decision making across the entire organization and eliminating silos between data and sales departments.

 

For example, a top 10 financial services firm used decision intelligence to improve credit risk analysis. The enhanced analytics capabilities streamlined to a single tool--versus the several solutions the company previously deployed--made it easier for their business and data teams to better collaborate, generate and test hypotheses, and put those into action. The result was thousands of hours of productivity gains, as well as $700,000 saved per month in mitigated losses in just one credit department.”

Lorien Pratt's insight:
This kind of data- and analytics-driven DI has proven its value in risk management, but adding actions-to-outcomes takes it to the next level of value to the business as a whole.
 
Scooped by Lorien Pratt
November 15, 2022 12:26 PM
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Software to Help Users Think

Software to Help Users Think | Decision Intelligence News | Scoop.it

"So here’s a question for you: does the software system you’re building help people to 'do', or to think, or both? 

And if it helps them to think, then do you understand how they think today? Do you know what’s natural to them? Are you asking them to learn to think in an entirely different way, just to use your system? Or have you learned – like the great 'doing' software designers of the last century – that it’s your job to start with the user, to meet them where they’re at?"

elanwheaton's comment, November 23, 2022 6:17 AM
good
Aman shastry's comment, January 17, 6:47 AM
future is AI
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
May 4, 2022 12:51 PM
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DI: A New Lever for Business Success

DI: A New Lever for Business Success | Decision Intelligence News | Scoop.it

"Decision intelligence (DI) is a new field that uses technology to support, augment and automate business decisions. DI was popularized in Lorien Pratt’s 2019 book, Link, and identified by Gartner as one of the most impactful technology trends for 2022...

 

Decision intelligence is a new lever for business success in our modern times, and the paths to implement it are clear. Has your company already started its journey toward decision intelligence?"

Lorien Pratt's insight:

Forbes has covered DI for a number of years; here's the latest. With companies like Gartner and Google recognizing how DI is an essential link in the chain from data and AI, to actions, to measurable outcomes, DI is at a unique point in the history of an emerging field, it's “crossing the chasm” from early adopters into widespread adoption.