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February 24, 2014 11:42 PM
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Decision Intelligence for complex optimization: the road ahead

Decision Intelligence for complex optimization: the road ahead | Decision Intelligence News | Scoop.it

What's the best price to charge?  Where should I build my new equipment?  Who should receive a loan, to minimize risk?  Which of my people should I train for what program?  Where will my philanthropic donation have the greatest impact.  These and hundreds of other decisions are informed by data, but we usually only go part of the way towards a full optimization solution.  Join this live webinar on Wednesday to find out how to go the distance.

Decision Intelligence's insight:

We've found that computers are better at some things than people are.  So there's a bit of a revolution going on in using them to bring hard evidence to complex decisions.


But we can do more. There are many problems that involve a web of interacting factors, big data, unintended consequences, virtuous and vicious cycles.  Yet for most business problems, computers take us part of the way.


We've put a lot of time and effort into getting great data visualizations , great predictions, great slices and dices of data into the brains of decision makers.


But, in many situations,  the rest is up to us.  We have to assemble the pieces in our heads.  We have to read the map, ponder over the dashboard, study the visualization.  And then make the decision, without further help.


We can do much, much better.  Just as graphical browsers removed the "cognitive friction" for the masses to use the internet, the combination of decision intelligence and optimization removes the friction for everyone to formulate, and then solve, complex problems.

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Decision Intelligence News
Decision Intelligence (DI) is the discipline concerned with how organizations and individuals design, support, and improve decision making at scale. It connects actions to outcomes in context by integrating human judgment, data, models, text, and AI into coherent decision systems. Decision Intelligence News curates developments across DI and related fields, including AI, machine learning, governance, enterprise architecture, orchestration, measurement, and decision modeling. Learn more at www.opendi.org and www.learn-di.com.
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