🛑STOP thinking that Decision Intelligence is about actionable insights. In fact, it is not about data and algorithms at all.
Decision Intelligence is a thinking framework. “Decision Intelligence is a practical discipline that advances decision making by explicitly understanding and engineering how decisions are made and how outcomes are evaluated, managed and improved via feedback.” – Gartner.
💡Decision Intelligence (DI) combines various disciplines and sciences, such as decision science, risk management, data and computer science, and social science, into a unified view. It enables organizations to explicitly model business decisions and evaluate their outcomes.
✨However, the Open Decision Intelligence Platform or DIP is a technology platform that enables organizations to manage, automate, and improve decision making across enterprises with the Decision Intelligence (DI) discipline at the core. Hence the DI combines multiple disciplines, then DIP requires to multiple techniques and technologies such as #DecisionModeling #optimization #businessrules #machinelearning #data #orchestration and so on into a unified view of business decisions.
💣The core and fundamental of an effective Open Decision Intelligence Platform is Decision Modeling, where professionals and practitioners start modeling business decisions by breaking down a complex decision into smaller and easier-to-understand decision units to depict multistep and hierarchical decision models representing a holistic view of business decisions.
Once the multistep and hierarchical decision model, i.e., Decision Draph, is created, then you can start investigating what specific type of #algorithms is required to automate a particular decision unit based on its nature, e.g. probabilistic, deterministic, predictive etc.
🚀As a result, the Decision Graph acts as a Composite AI coordinator executing business decisions by combining multiple techniques, technologies, and algorithms. However, to interact with the organization #data #processes and systems, the Decision Graph requires arms and hands, so the advanced #orchstration and on-the-fly #data processing capabilities of the Open Decision Intelligence Platform become essential to operationalize the Decision Graph, i.e., Decision Model into organizations functions and business processes.
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Published May 27th, 2024 at 07:30 am
