Book Image

Smarter Decisions - The Intersection of Internet of Things and Decision Science

By : Jojo Moolayil
Book Image

Smarter Decisions - The Intersection of Internet of Things and Decision Science

By: Jojo Moolayil

Overview of this book

With an increasing number of devices getting connected to the Internet, massive amounts of data are being generated that can be used for analysis. This book helps you to understand Internet of Things in depth and decision science, and solve business use cases. With IoT, the frequency and impact of the problem is huge. Addressing a problem with such a huge impact requires a very structured approach. The entire journey of addressing the problem by defining it, designing the solution, and executing it using decision science is articulated in this book through engaging and easy-to-understand business use cases. You will get a detailed understanding of IoT, decision science, and the art of solving a business problem in IoT through decision science. By the end of this book, you’ll have an understanding of the complex aspects of decision making in IoT and will be able to take that knowledge with you onto whatever project calls for it
Table of Contents (15 chapters)
Smarter Decisions – The Intersection of Internet of Things and Decision Science
Credits
About the Author
About the Reviewer
eBooks, discount offers, and more
Preface

Summary


In this chapter, we reinforced our decision science learnings by solving an altogether new use case for the solar energy industry. We started on the same roots of problem solving by defining the problem and designing the approach and blueprint for the problem. We studied that the problem statement in our use case is much more specific and narrowed-down compared to the previous use case. We solved the problem of uncertainty in power outages from the solar tech. After having a clear definition of the problem statement, we explored the sensor data from solar panels and infrastructure to find patterns and associated signals. After gathering the ground context of the data and domain (through research and an SME), we engineered features to solve our problem better.

We then leveraged these features and the machine learning algorithms that you learned in the previous chapter to build predictive models that could predict the chances of power outage from the solar panel infrastructure a day...