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

Story boarding - Making sense of the interconnected problems in the problem universe


The problem solving journey is very long and iterative in nature. Once we have designed a version of the problem universe, we will have a fair understanding that solving the problem will definitely take much longer than we anticipated. The process being iterative in nature doesn't mean that seeing tangible results should take time. It becomes increasingly important to evaluate the value from results derived so far and the results expected in the roadmap designed.

In decision science, storyboarding (the art of conveying the results in the most lucid way) is of paramount importance. In fact, it is in any problem, but here when we have a holistic view of the problem, we know that the problem keeps evolving. At every step, it becomes increasingly important to realize the value delivered and the value that will be delivered by solving the connected problems. Storyboarding requires drafting the results in a sequence...