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
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
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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.

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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
July 29, 2022 12:28 PM
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Decision Intelligence Market Next Big Thing | Major Giants Quantellia, IBM, Aeye, Busigence Technologies –

Decision Intelligence Market Next Big Thing | Major Giants Quantellia, IBM, Aeye, Busigence Technologies – | Decision Intelligence News | Scoop.it

"The Latest Released Decision Intelligence market study has evaluated the future growth potential of Decision Intelligence market and provides information and useful stats on market structure and size... The study includes market share analysis and profiles of players such as IBM (United States), Aeye (United States), Busigence Technologies (United States), Aera Technolog (United States), Peak.in (United Kingdom), Tellius, Inc. (United States), PYRAMID ANALYTICS (Netherlands), Pegasystems Inc. (United States), Quantellia LLC. (United States) and Diwo (United States).

Decision intelligence is a practical domain that encompasses a broad range of decision-making techniques, bringing together multiple traditional and advanced disciplines to design, model, align, execute, monitor, and tune decision models and processes... It is outcome-oriented and must meet commercial objectives... It enables data to be collected and machine learning models to be used to predict accurate outcomes for optimal commercial decision-making."

Lorien Pratt's insight:

Quantellia is pleased to be recognized as a DI "major giant".

Ardee's article presents one of several DI market reports that have appeared recently spotlighting the developing DI market.

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