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

Building predictive model for the use case


So far, we have defined the problem and designed the approach. We explored the data and studied the patterns across a variety of parameters captured through the sensors. We then engineered the data and created a couple of features that depict the day-level activities in an enriched dimension. We now have the data with multiple predictors and the dependent variable outcome (created by taking a lead operation on the flag, that is, indicator whether there was a power outage the next day).

We are challenged with the vanilla classification problem with a binary outcome, that is, 1 and O.

Note

As a part of the modeling exercise, we need to explore in depth the variables for the classification model, study correlation, multicollinearity, and other tests, and so on Covering the entire journey of getting data aware for the predictive model building exercise would be out of scope for the chapter. It is highly recommended to execute all the required checks before...