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
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Preface

Resurfacing the problem - What's next?


Before exploring the different techniques for predictive analytics, let's take a step back and understand what's next in order to solve the problem better. After finding out the reasons for the bad quality produce in the previous chapter, we assimilated all our learnings to draft a story. John seemed to be very impressed with the solution. His team studied the different factors that affected the quality of the detergent manufactured and brainstormed for countermeasures to alleviate bad quality produce before manufacturing the detergent. The team identified one critical output quality parameter-Output Quality Parameter 2-that affects the end outcome the most and reached out to us to check whether we could build a solution that would aid them in understanding the quality of detergent before the manufacturing process. Had the team been aware beforehand about the end quality of the detergent going to be manufactured, they could immediately have taken countermeasures...