🚩Yes! #GenAI is exciting, but Gartner said more than 30% of projects will be abandoned because of unclear business value.
Business value is one of those words that everyone talks about it and not many paying attention when it comes to the #AI hype. Business value such as reducing costs, increasing revenue, reducing risks, reducing time to market and so on, are only tied to business operation. Business operations are as good as the business decisions made and executed by the operation and SME teams.
💡Interestingly, almost the only way to leverage #AI with clear deliverables and impactful business value is to apply #AI in a practical way at business operation level. No, I'm not talking about increasing individual productivities using #llms #chatGPT and other similar alternative in this space.
I am talking about leveraging ✨Open Decision Intelligence Platform or Open DIP.
1️⃣ What is Open? Why does openness matter?
Open systems are better, especially when they are based on open standards. Why? Because hundreds of practitioners over many years of applying techniques across many industries, have come together and put forward the best practices of applying a technology and methodology to solve a problem. So basically, by leveraging the open standard, you can shortcut your success in applying the specific technology in a field, leveraging the experience and knowledge of many experienced practitioners.
In applying symbolic AI to automate business decisions using business rules, there is an open standard called decision model and notation, or DMN. This standard brings the best practices and experiences of many practitioners over years together ensuing your #ai project in decision automation is a success.
2️⃣ What is the #DecisionIntelligence Platform or DIP?
This platform is a progression of Business Rules Management and Decision Management Suite in conjunction with data science and machine learning platforms, as well as orchestration technologies. It combines multiple technologies to ensure business decisions can be managed and automated using various techniques.
💣Now imagine you combine these two together.
DMN ➕ DIP 🟰 Open DIP
The “Open Decision Intelligence Platform” or “Open DIP” allows you to focus on business decisions, manage them, automate them using many techniques such as #businessrules #optimization #machinelearning, and combine them as a Composite AI model to provide a holistic approach in decision automation, rather than silo technologies with very limited impact and narrow use cases.
🚀The best part? It is fully standard, based on DMN so models are interoperable, explainable, and vendor agnostic. Additionally, you leverage years of experience and best practices that will guarantee your models bring the business value to organizations. Quite opposite to GanAI its models are abandoned because of lack of business value.
Posted here.
Published July 11th, 2024 at 07:30 am
