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Category Archives: Decision Making
From “Decision Support” to “Reengineering Decision Making”
In Nov-2020, Gartner published a report ‘The Future of Data and Analytics: Reengineering the Decision, 2025’. It stated, “Decision making is becoming more connected, more contextual and more continuous. The current state of decision making is unsustainable. We define reengineering … Continue reading
Posted in Business Analytics, Decision Making, Events
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AI in Decision Domain
An interesting discussion has started by this LinkedIn post: Typically, we analyze data and models from the operational domain. However, no amount of crunching on this data will reveal opportunities for decision advantage – because there is no information about … Continue reading
When to Automate Decisions
A new article about decision automation in AI Building Blocks: “So far there is no unified decision method that can fit the puzzle of decision-making in organizations. For strategic and tactical decisions, practitioners continue relying on optimization and statistics but … Continue reading
Using Episodic Memories to Predict Upcoming Events
This paper addresses an important problem in control of episodic memory to be used to predict upcoming states in an environment where past situations sometimes reoccur. One of the key benefits is reducing the risk of retrieving irrelevant memories. Read more
Everything old is new again
Prof. Gene Freuder writes about Human-Centered AI: “human-centered”, “human-aware“, “human-AI collaboration” are, rightly, very prominent nowadays. But “everything old is new again”: I ran across an interesting twenty-year-old paper from the European Journal of Operational Research on Human centered processes and decision support … Continue reading
Buridan’s Indecisioning
Buridan’s Principle: A discrete decision based upon an input having a continuous range of values cannot be made within a bounded length of time. Leslie Lamport Everyday example: “You’re walking down the street and realize, to your chagrin, that you’re … Continue reading
Posted in Decision Making, Misc
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Pragmatic Approach to Predictive Decision Automation
In this webinar Red Hat specialists explain how explainable Predictive Decisioning can help us trust AI. Their approach combines AI/ML, decision optimization, and traditional business rules to better understand the factors that contribute to an automated decision. They use the … Continue reading
The Decision-Making Side of Machine Learning
Michael I. Jordan is a professor at Berkeley and one of the most influential people in machine learning, statistics, and artificial intelligence. Watch his recent presentation: “Much of the recent focus in machine learning has been on the pattern-recognition side … Continue reading
Posted in Decision Making, Machine Learning
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Real-Time Decision-Making
How does your Decisioning Platform support real-time decision-making? Coolfire: “In order to make real-time decision-making a core organizational capability, it’s time for organizations of all kinds to invest in a platform designed to make their data actionable. That means utilizing a … Continue reading
Decision analytics: What is AI?
Prof. Warren B Powell from Princeton University: “The most common types of AI come in three flavors: rules, machine learning, and making decisions (“optimization”). Rules are used for guiding computers to identify patterns or make recommendations, and have to be … Continue reading
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