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Smarter Decisions - The Intersection of Internet of Things and Decision Science

You're reading from   Smarter Decisions - The Intersection of Internet of Things and Decision Science A comprehensive guide for solving IoT business problems using decision science

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Product type Paperback
Published in Jul 2016
Publisher Packt
ISBN-13 9781785884191
Length 392 pages
Edition 1st Edition
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Author (1):
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Jojo Moolayil Jojo Moolayil
Author Profile Icon Jojo Moolayil
Jojo Moolayil
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Table of Contents (10) Chapters Close

Preface 1. IoT and Decision Science FREE CHAPTER 2. Studying the IoT Problem Universe and Designing a Use Case 3. The What and Why - Using Exploratory Decision Science for IoT 4. Experimenting Predictive Analytics for IoT 5. Enhancing Predictive Analytics with Machine Learning for IoT 6. Fast track Decision Science with IoT 7. Prescriptive Science and Decision Making 8. Disruptions in IoT 9. A Promising Future with IoT

Sensing the associated latent problems

Problems in real life are often never solo; they are mostly interconnected with multiple other problems. Decision science is also no exception to this feature. While solving a decision science problem, we would often reach a point where we understand that solving the associated problem is more important than the current problem. In some cases, solving associated problems becomes inevitable in order to move ahead. In such cases, we would not be able to practically solve the current problem until and unless we solve the associated problems.

Let's take an example to understand this better. Consider that while solving the problem to identify the reasons for bad-quality detergent manufactured, we inferred that the vital cause for the problem is the difference in raw materials from different vendors or because of insufficient labor in the manufacturing plant (assume). In some cases, the machinery downtime or inefficiency can also be vital reasons for...

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