Business executives today are increasingly required to make decisions in a dynamic environment under the following circumstances:
- Uncertainty: The situation evolves with time and it is difficult to define business rules a priority. There is uncertainty in factors impacting business.
- Contextual: Increasingly, external factors have a significant impact on how decision makers need to respond to situations. So, only a certain set of internal factors cannot be taken into account for decision making.
- Iterative: Decisions are no longer limited to linear cause-and-effect scenarios. Instead, decisions have to be made in an iterative manner in a ‘test and learn’ mindset.
There is clearly an opportunity to provide Decision Automation Solutions that can leverage AI/ML technologies to augment the human decision-making process. We believe that Data and AI/ML can be leveraged to develop the next generation of Decision Automation Solutions.
In this whitepaper, Vivek Vijay Kakade, Senior Director of Product Management, Incedo talks about how to ‘harness the power of data using Incedo LighthouseTM for Operational Decision Automation’.
About the Author
Vivek Vijay Kakade
Senior Director of Product Management, Incedo Inc.
