💡Decision Intelligence (DI) is to explicitly model business decisions, proactively operationalizing them to improve outcomes.
Open Decision Intelligence Platform or DIP is a technology platform that enables organizations to implement Decision Intelligence (DI) at their core. Therefore, 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 Graph, 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. Decision Requiements Diagram (DRD) from DMN or Dynamic Decision Graph (DDG) are these models.
🟣To interact with the organization data processes and systems, the Decision Graph requires arms. Therefore, the advanced orchstration and on-the-fly data processing capabilities is needed. Activity Flow and Process/workflow are these types models.
🟣Business decisions are discrete. Organizations need to execute decisions across the full lifecycle of customers over time. To execute the right decision at the right time within the right context that maximize the values for customers and the enterprise you need to kick-off automated decisions, orchestration, and implement feedback loop. This is where the Continuous Decision Model (CDM) comes into picture.
💣These 3 categories of models are distinctively different from one another. They have their own purposes. You need them ALL to ensure you can implement DI use cases successfully in your enterprise insurance financialservices banking and government.
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Published May 2nd, 2025 at 07:30 am
