M-Lecture1 Flashcards
Find or recognize the problem, need, or opportunity.
Intelligence (Find what to fix)
Consider ways of solving the problem
Design (Find fixes)
Examine the merits of each solution and choose the best one.
Choice (Pick a fix)
Carry out the chosen solution and monitor the results
Implementation (Apply the fix)
a highly flexible and interactive system that is designed to support decision making when the problem is not structured.
Decision Support System
help you analyze, but you must know how to solve the problem, and how to use the results of the analysis.
Decision Support System
DSS designed specifically to analyze spatial information.
Geographic Information System
Businesses use ___ software to analyze information, generate business intelligence, and make decisions.
GIS
Google Earth as a _____
GIS
highly computational data-mining technology that uses information and business intelligence to build a predictive model for a given business application.
Predictive Analytics
Predictive Analytics Examples
Insurance, retail, healthcare, travel, financial services, CRM, SCM, credit scoring.
uses statistical, AI, and linguistic technologies to convert textual information into structured information.
Text Analytics
Examples of Analytics
- Web analytics
- HR analytics
- Marketing analytics
- CRM analytics
- Social media analytics
- Mobile analytics
the science of making machines imitate human thinking and behavior, can replace human decision making in some instances.
Artificial Intelligence
Types of Artificial Intelligence
- Expert systems
- Neural networks (and fuzzy logic)
- Genetic algorithms
- Agent-based technologies
an artificial intelligence system that applies reasoning capabilities to reach a conclusion.
Expert System
an artificial intelligence system that is capable of finding and differentiating patterns.
Neural network (artificial neural network or ANN)
a mathematical method of handling imprecise or subjective information, like “short” or “tall”.
Fuzzy Logic
an artificial intelligence system that mimics the evolutionary, survival-of-the-fittest process to generate increasingly better solutions to a problem.
Genetic Algorithm
Take millions of solutions and determines the optimal one.
Genetic Algorithm
piece of software that acts on your behalf (or on behalf of another piece of software) performing tasks assigned to it.
Agent Based Technology
learning from ecosystems and adapting their characteristics to human and organizational situations.
Biomimicry
the collective behavior of groups of simple agents that are capable of devising solutions to problems as they arise, eventually learning to coherent global patterns.
Swarm (collective) Intelligence
