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
November 15, 2022 12:39 PM
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Data-driven decision making will fail – and here is why

Data-driven decision making will fail – and here is why | Decision Intelligence News | Scoop.it

"In March 2020, the NHS needed to make life-or-death decisions on the back of understanding whether curves were trending up or down. For the first time ever, they connected data flows from across the entire system.

That is a potentially overwhelming amount of data – but, crucially, they weren’t paralysed by this sudden torrent... Why was that?

Well, working alongside the NHS, we applied approaches from a nascent field called decision intelligence. We used this data to build the understanding the NHS needed to make confident decisions about which hospital wards to open or close, and which resources to send where.

Rather than just showing data on current levels of patient demand, we could also show demand for tomorrow or next month, the reasons why demand was changing, how that affected resources such as beds or ventilators, and what actions they could take.

Rather than making decisions on data alone, the NHS made them on an understanding of how and why events were unfolding. The collective results have been widely credited with saving thousands of lives."

Lorien Pratt's insight:

As Marc Warner points out, DI lets us create models, develop understanding about the behavior of these models, and use them to create the "data from the future" we need to make better decisions. 

Aman shastry's comment, January 17, 6:47 AM
great article, its absolutely true
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.