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
eBooks, discount offers, and more
Preface

Summary


In this chapter and this book, we have navigated through a beautiful journey of building smarter decisions from IoT when it intersects with decision science. We started our humble journey by understanding the fundamentals of decision science, the Internet of Things, and industry-standard frameworks to solve a problem. We spent quality time to understand the problem more concretely by studying the different dimensions that can be used to define a problem. In the second chapter, we touched base with two important areas of the IoT problem universe-Connected Assets and Connected Operations. You learned to design the approach and draft the blueprint for a problem using the problem solving framework. We leveraged a real IoT use case from the manufacturing industry where we tried to solve the problem of improving the quality of the manufactured product.

In Chapter 3, using the R software, we practically attempted to solve the business use case we defined and designed in Chapter 2. You learned...