Data and analytics leaders are investing heavily in analytics, machine learning, data science, AI and other related technologies. The belief is that such technologies can drive better decision making and thus business outcomes. However, there is a real gap between this belief and the notion of what a decision really is. The data and Analytics […]
A Decision Centric Approach is key to enabling organizations to innovate in business ‘moments’. After all, deciding whether to engage a customer or conduct a transaction is an integral part of everyday commerce. These are the decisions that really matter to businesses. No matter whether these are made by a human, AI, or by using […]
FlexRule has seen an increase in requests to help customers with their Internet of Things (IoT) implementations. This post shares our observations about how to unlock the business value of the IoT. The Internet of Things has been around for a long time. Manufacturers have long used Supervisory Control and Data Acquisition (SCADA) systems to […]
Patient diagnosis using Predictive Analytics In previous post we discussed different levels of Analytics, here we show a practical example of Predictive Analytics. What if Doctors and Patients could not just get a second opinion, but a third and fourth, and fifth, and so on? We believe that our doctors are all medical experts but […]
What is Data Analytics? To understand the meaning of Predictive Analytics, let’s describe what Data is first. Data is a collection of facts, information, and observations related to a context. The data can be either structured or unstructured, stored in databases, spreadsheets, files, etc. Data analytics is the science of examining the data to drive […]
Why Artificial Intelligence (AI) Projects Succeed or Fail? A very interesting article in the Jan-Feb 2018 Harvard Business Review (HBR) is entitled ‘Artificial Intelligence for the Real World’. The authors studied 152 Artificial Intelligence (AI) projects and categorized these into three groups; Robotics and Cognitive Automation (47%) Cognitive Insight (38%) Cognitive Engagement (16%) What resonated […]
