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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

Product type Book
Published in Jul 2016
Publisher Packt
ISBN-13 9781785884191
Pages 392 pages
Edition 1st Edition
Languages
Author (1):
Jojo Moolayil Jojo Moolayil
Profile icon Jojo Moolayil

Table of Contents (15) Chapters

Smarter Decisions – The Intersection of Internet of Things and Decision Science
Credits
About the Author
About the Reviewer
eBooks, discount offers, and more
Preface
1. IoT and Decision Science 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 the problem...

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