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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

Setting context for the problem


Let's start fresh with another new IoT use case from the renewable energy domain. Let's assume that a multinational conglomerate giant has forayed into the field of renewable energy to provide solar energy as a service for off-grid locations. The company aims to provide end-to-end solar energy setup in areas where drawing an electric cable for power is much more expensive than arranging diesel for a generator. Tropical countries in Africa will be a perfect example for this scenario. Consider a small village in Uganda where there is an abundance of solar energy but no electricity; many small to medium organizations rely on diesel-powered generators for daily operations. The operational expenses for these organizations would go beyond break-even as a huge cost is incurred in transporting and arranging diesel, maintaining and servicing the diesel generators time to time, and purchasing the required diesel to generate electricity.

The company engineered a solution...

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