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
December 20, 2022 12:58 PM
Scoop.it!

Is "Insights" the right way to think about the value of data?

Is "Insights" the right way to think about the value of data? | Decision Intelligence News | Scoop.it

"Though it’s the stock response, 'insights' is precisely the wrong way to think about how an advance in AI will create value. In fact, we feel that 'insights' often is code for 'We don’t know what to do with our AI’s predictions.'


A much better answer would be to describe the decisions that the predictions will improve, because AI has value only if it leads to better decision-making."

Lorien Pratt's insight:

In examining how AI predictions affect decisions, this article goes beyond the need to focus on decisions vs. "insights". Because insights don't get you all the way to understanding the impact of your actions on outcomes.

Home Treats's comment, March 9, 2023 12:20 AM
nice
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.