Decision Intelligence News

"Decision intelligence (DI) is at the Innovation Trigger of the Hype Cycle. DI is a practical discipline used to improve decision making by explicitly understanding and engineering how decisions are made, and how outcomes are evaluated, managed and improved via feedback....

There is a need to transparently represent how decisions are being made.

From a pure business perspective, it makes sense to curtail unstructured ad-hoc decisions that are siloed and disjointed, and properly harmonize collective decision outcomes across an entire organization. Software tools are now emerging that will enable organizations to practically implement DI projects and strategies."

Artificial intelligence-powered 'decision intelligence' platform provider Tellius Inc. is in expansion mode after closing on a $16 million round of funding today...

Whereas BI tends to focus on answering 'what happened-style questions,' decision intelligence goes beyond that to provide more expansive answers, explaining why something happened and how to proceed, Khanna said. 'Answering the toughest business questions is rarely a linear process or doable via a single form of analytics, such as descriptive, diagnostic, predictive or prescriptive analytics,' the CEO added. 'Tellius blends all analytical modes together, making analytics an agile and seamless experience to drive solid business decisions'...

The offering has won over a number of Fortune 500 companies, with Tellius claiming to have customers in verticals ranging from eCommerce, pharmaceutical, banking, financial services and insurance."

“Decision intelligence can enable decision makers across the company to measure, quantify, and predict risk with this data to create a consistent methodology steeped in data-driven insights. The technology can place advanced insights into the hands of analysts and business users—helping accelerate formative decision making across the entire organization and eliminating silos between data and sales departments.

For example, a top 10 financial services firm used decision intelligence to improve credit risk analysis. The enhanced analytics capabilities streamlined to a single tool--versus the several solutions the company previously deployed--made it easier for their business and data teams to better collaborate, generate and test hypotheses, and put those into action. The result was thousands of hours of productivity gains, as well as $700,000 saved per month in mitigated losses in just one credit department.”

"So here’s a question for you: does the software system you’re building help people to 'do', or to think, or both? 

And if it helps them to think, then do you understand how they think today? Do you know what’s natural to them? Are you asking them to learn to think in an entirely different way, just to use your system? Or have you learned – like the great 'doing' software designers of the last century – that it’s your job to start with the user, to meet them where they’re at?"

"Decision intelligence platforms will redefine the way we think, work and build products. The way many companies do business tends to be tedious and unpredictable. I believe there is a way to have better support in decision making, which eventually will lead to predictive outcomes."

"Decision intelligence (DI) is a new field that uses technology to support, augment and automate business decisions. DI was popularized in Lorien Pratt’s 2019 book, Link, and identified by Gartner as one of the most impactful technology trends for 2022...

Decision intelligence is a new lever for business success in our modern times, and the paths to implement it are clear. Has your company already started its journey toward decision intelligence?"