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

Summary

In this chapter, we moved one step ahead in solving a real-life IoT business use case. Using the blueprint of the problem that we defined in the previous chapter, we attempted solving the problem in a structured way guided by the problem solving framework. After having the business problem well-defined, we got our hands dirty by solving the business problem using R. We started our journey with identifying gold mines in the data for decision making, where we examined the data sources to understand what hypotheses can we prove to solve our problem. We then validated the fact that we have a good amount of data to solve the problem and studied more about the data to understand how the data can be used in our use case. After gathering a fair ...