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

Cognitive Computing - Disrupting intelligence from unstructured data


As we see evolution in connectivity, computing, and technologies, we see disruptions continuing in the industry. IoT has been a blessed recipient of many disruptions due to its charm. We have lately seen the evolution of cognitive computing in the IoT ecosystem.

Cognitive computing can be defined as the third era of computing where it solves problems that have increased complexity and uncertainty, that is, the human kind of a problem. To solve such problems, the systems have been designed to mimic the way the humans solve a problem.

So on a general note, how do we learn? Humans learn from experiences. At any point of time, there is a flow of information that we consume from the world. We learn how to react to new situations based on our historic learnings; we teach ourselves how to learn. The simplest evidence for this can be, say you are asked to solve a puzzle that you have never heard before. How do you solve it? You think...