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

Defining the problem and designing the approach


To define the business problem, we'll use the SCQ framework that we used in Chapter 2, Studying the IoT Problem Universe and Designing a Use Case. It will help us clearly define the current situation, complications, and key question. After defining the problem, we'll research, ideate, and brainstorm to design the approach for the problem.

Building the SCQ: Situation - Complication - Question

With the SCQ, we have clearly defined the problem by detailing the situation, complications, and questions that need answers along with the 'resolution'.

To design the approach in more detail, we will need to research and ideate a lot of things related to the domain. Moreover, we will need access to an SME who can provide us with insights about how the internal system works in a location where the infrastructure is deployed.

Research

To study the problem in detail, we need to study the dynamics of the problem better. We need to study how solar panel setups...