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

Enter the world of Internet of Things with the power of data science with this highly practical, engaging book

About This Book

• Explore real-world use cases from the Internet of Things (IoT) domain using decision science with this easy-to-follow, practical book
• Learn to make smarter decisions on top of your IoT solutions so that your IoT is smart in a real sense
• This highly practical, example-rich guide fills the gap between your knowledge of data science and IoT

Who This Book Is For

If you have a basic programming experience with R and want to solve business use cases in IoT using decision science then this book is for you. Even if your’re a non-technical manager anchoring IoT projects, you can skip the code and still benefit from the book.

What You Will Learn

• Explore decision science with respect to IoT
• Get to know the end to end analytics stack – Descriptive + Inquisitive + Predictive + Prescriptive
• Solve problems in IoT connected assets and connected operations
• Design and solve real-life IoT business use cases using cutting edge machine learning techniques
• Synthesize and assimilate results to form the perfect story for a business
• Master the art of problem solving when IoT meets decision science using a variety of statistical and machine learning techniques along with hands on tasks in R

In Detail

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

Style and approach

This scenario-based tutorial approaches the topic systematically, allowing you to build upon what you learned in previous chapters.

Table of Contents

Chapter 1: IoT and Decision Science
Chapter 2: Studying the IoT Problem Universe and Designing a Use Case
Chapter 3: The What and Why – Using Exploratory Decision Science for IoT
Chapter 4: Experimenting Predictive Analytics for IoT
Chapter 5: Enhancing Predictive Analytics with Machine Learning for IoT
Chapter 6: Fast track Decision Science with IoT
Chapter 7: Prescriptive Science and Decision Making
Chapter 8: Disruptions in IoT
Chapter 9: A Promising Future with IoT