Jeyanthi P.M., Choudhury T., Hack-Polay D., Singh T.P., Abujar S. (eds.) Decision Intelligence Analytics and the Implementation of Strategic Business Management

Cham: Springer, 2021. — 236 p.This book presents a framework for developing an analytics strategy that includes a range of activities, from problem definition and data collection to data warehousing, analysis, and decision making. The authors examine best practices in team analytics strategies such as player evaluation, game strategy, and training and performance. They also explore how organizations can use analytics to drive additional revenue and operate more efficiently. The authors provide keys to building and organizing a decision intelligence analytics that delivers insights into all parts of an organization. The book examines the criteria and tools for evaluating and selecting decision intelligence analytics technologies and the applicability of strategies for fostering a culture that prioritizes data-driven decision-making. Each chapter is carefully segmented to enable the reader to gain knowledge in business intelligence, decision making, and artificial intelligence is a strategic management context.Analytics Techniques: Descriptive Analytics, Predictive Analytics, and Prescriptive AnalyticsAnalytics
Role of Analytics in Business
Types of Analytics
Descriptive Analytics
Functions of Descriptive Analytics
Advantages of Descriptive Analytics
Descriptive Analytics and Its Uses
Need for Other Analytics
Predictive Analytics
Steps in Predictive Analytics
Predictive Analytics and Its Uses
Predictive Analytics Examples
Prescriptive Analytics
Advantages of Prescriptive Analytics
Prescriptive Analytics and Its Uses
Prescriptive Analytics ExamplesFuture DirectionsA Complete Overview of Analytics Techniques: Descriptive, Predictive, and PrescriptiveDescriptive Analytics
The Ratio Analysis: An Elaborate Example of Descriptive Analytics in Business
The Gist of Descriptive Analytics
Predictive Analytics
Statistics
How Does It Work?
Classification Models
Regression Models
Predictive Analytics Process
Predictive Analytics Tools
Uses of Predictive Analytics in Different Industries
Why Now?
Prescriptive AnalyticsBackground of Prescriptive Analytics
Methods for Prescriptive Analytics
Probabilistic Models
Machine Learning
Statistical Analysis
Mathematical Programming
Evolutionary Computation
Simulation
Logic-Based ModelsArtificial Intelligence and Analytics for Better Decision-Making and Strategy ManagementIndia and AI
Potential of AI
Healthcare
Agriculture
Education
Smart Mobility in Transportation
Role of AI in Decision-Making
Strategic Management and AI
Key Challenges to Adopt AI in IndiaArtificial Intelligence: Game Changer in Management StrategiesConcept of Artificial Intelligence
Background of “AI”
The Digital Business Vagueness
Digital Transformation in Management
The ambition of the Organization
To Design a Product
Deliver Phase
Scaling
To Refine
Artificial Intelligence in Organization
Who Is Manager?
“Strategic Management”
Connection Between Strategic Management and Artificial Intelligence
Improvement and Redefining in the Organization Strategies Vis-a-Vis AI
Artificial Intelligence on Strength, Weakness, Opportunities, Threat (SWOT)Prospects and Future of Artificial Intelligence (AI) in Business StrategiesLiterature Review Including Research Gap
Materials and Methods
Worldwide Companies or Owners of Humanoid and Related to AI
Workforce Domain Contains Retention
Case Study and Application
Workforce Planning
Human Office and Oversight
Specialized Robustness and Well-being
Security and Data Organization
Straightforwardness
Assortment, Non-isolation, and Sensibility
Social and Common Success
Obligation
The Interest of Denmark, Finland, France, and Germany in AI is Likewise Significant
Occupation Misfortunes AI in the Work Environment Have Meanings of Mass Occupation Misfortunes
Expenses
Absence of Mindfulness
Safety Measures
Diminishes Human Error
Attempts of Hazardous Undertakings
Track Worker Location and That is Only the Tip of the Iceberg
Screens Workplace Harassment
Work Environment Automation
Recruitment
Authors' Contribution
Result or Conclusion with Future ScopeArtificial Intelligence: Technologies, Applications, and Policy Perspectives Insights from PortugalMethodology
AI: Themes, Sectors, and Applications
Policy Reflections About Fostering Artificial Intelligence
EU Artificial Intelligence Strategy
Portugal Artificial Intelligence Overview
Portuguese AI Case Studies
Artificial Intelligence Policy RamificationsThe Rise of Decision Intelligence: AI That Optimizes Decision-Making
The Rise of Decision Intelligence (DI)
The Rise of Decision Intelligence (DI)
An Opinion to Decision-Making
Decisions Are Judgements
Know the Criteria of Relevant Information/Data
Test your Opinions Against Reality/Actual Data
Decision Intelligence: The Pathway
A Framework of DI
The Emergence of Machines as Aids in Society
The Evolving Pervasiveness of AI and Capabilities in Human Life
AI, Decision Intelligence, and Business OrganizationsA Survey on Analytics Technique Used for Business IntelligenceLiterature Review
Models and Techniques: An Overview
ApplicationsDecision Intelligence Analytics: Making Decisions Through Data Pattern and Segmented AnalyticsBasic Terminologies
Panel Data Analysis
Formal Concept Analysis
Formal Panel Concept Analysis
Representation of Panel Data
Experimental ResultsThe amalgamation of Business Intelligence with Corporate Strategic ManagementStrategic Management
The Role of Business Intelligence on Strategic Management Choices
The Role of Data Quality in Strategic Management
The Business Intelligence for Development of Data Integration
The Business Intelligence for the Development of a Reporting System
The Business Intelligence for Developing Future Scenarios
The Business Intelligence for Optimising Processes
The Role of Business Intelligence on Obtaining a Competitive Advantage
Case StudyRole of Decision Intelligence in Strategic Business PlanningWhy Does Strategic Business Planning Need Decision Intelligence? And Decision Intelligence: How it Influences SBP?
Strategic Business Planning
Decision Intelligence
Decision Intelligence in Strategic Business Planning
Decision Intelligence and Strategic Business Planning Misconceptions
Conclusion/RecommendationsSocial and Web Analytics: An Analytical Case Study on Twitter DataSocial Media Platforms and Analytics Tools
Social Media Platforms
Social Media Analytical Tools
Social Media Data Collection Using Twitter API
Data Collection from Twitter
Data Labeling
Data Pre-Processing and Cleaning
Data AnalyticsPeople Analytics: Augmenting Horizon from Predictive Analytics to Prescriptive AnalyticsPeople Analytic Constituents
Descriptive People Analytics
Predictive People Analytics
Prescriptive People AnalyticsMachine Learning-Based Predictive Analytics: A Use Case in Insurance SectorDescriptive Analytics
Diagnostic Analytics
Predictive Analytics
Prescriptive Analytics
Machine Learning Empowering Predictive Analytics
A Use Case of Machine Learning and Predictive Analytics: Prediction of Insurance Premium
Dataset Description
Exploratory Data Analysis
Implementation of Prediction Model and ResultsMachine Learning Applications in Decision Intelligence AnalyticsApplication of Machine Learning
Virtual Personal Assistants (VPA's)
Traffic Predictions
Social Media Personalization
Email Spam Filtering
Online Fraud Detection
Assistive Medical Technology
Automatic Translation
Recommendation Engines
Summary and ConclusionDemystifying Behavioral Biases of Traders UsingMachine LearningConfirmation Bias
The illusion of Control Bias
Availability Bias
Representativeness Bias
Framing Bias
Self-Attribution Bias
Recency Bias
Outcome Bias
Cognitive Dissonance Bias
Concluding RemarksReal-Time Data Visualization Using Business Intelligence Techniques in Small and Medium Enterprises for Making a Faster Decision on Sales DataBusiness Intelligence Literature Review
Methodology
Data Collection Phase
Data Store and Processing Phase
Dataset
Equations
Data Visualization Phase
Scatter Chart
Sparkline
Cross-Platform and Device ViewTo Invest or Not to Invest? A Case Study with Decision Analytics on Japanese Yen
Introduction to Foreign Exchange Market
Japan and Its PPP
Features of Japanese Economy
USD/JPY CurrencyBroca's Area of Brain to Analyze the Language Impairment Problem and Behavior Analysis of AutismRelated Work
Relation Between Language Processing and Brain
The functionality of Broca's Area
Language Impairment Problem Solution
Medical Checkup
Language Therapy
Home Care Options
Psychological Therapy
Methodology
Dataset
Results and Discussion
Behavior Analysis Result
Comparison