Smarter Decisions – The Intersection of Internet of Things and Decision Science

Chapter 3. The What and Why - Using Exploratory Decision Science for IoT

Problems in any given scenario always keep evolving and so does the solution. The hypotheses that we define while solving the problem will refine with new findings, which will then change the approach partially or completely. Hence, we need to keep our problem solving approach very agile. The problems we solve are often interconnected in nature; a big problem is often composed as a network of multiple smaller problems. These smaller problems can germinate from completely disparate domains, so we would need to accommodate diversity in our approach. Also, the solution can have different approaches based on the problem's scenario. The approach could be top-down, bottom-up, or ...