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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

Designing the heuristic driven hypotheses matrix (HDH)

Designing the framework for heuristics-driven and data-driven hypotheses forms the foundation of the problem solving framework. The entire blueprint of the problem and problem universe can be captured in this single framework. This isn't a fancy document or any complicated tool. It's just a simple and straightforward way to structure and represent the problem solving approach.

There are three parts to it:

  • Heuristics-driven Hypotheses Matrix (HDH)
  • Data-driven Hypotheses Matrix (DDH)
  • The convergence of HDH and DDH

The heuristics-driven hypotheses is the final and refined version of the hypotheses list that we discussed earlier. The matrix captures every minute detail we need from the hypotheses. It helps us prioritize and filter the hypotheses based on data availability and other results. It also helps us gather all our results in one single place and assimilate in order to render a perfect story. Once the entire HDH is populated...

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