Why there is need for decision intelligence in organisation? The future of an organisation primarily depends on decision making. In the recent years, the industry and business environment is characterised as volatile, uncertain, complex and ambiguous or in short VUCA due to the outbreak of Covid-19. Most currently, with the Covid-19 saga seemingly to continue throughout the year 2022 following the discovery of its variants; omicron and delta, opting the right adoption of business strategy becomes more crucial than ever. One way towards effective decision making is through the use of a technology called decision intelligence.
Firstly, decision intelligence as based on its definition refers to a practical domain that includes a wide range of decision-making techniques where multiple traditional and advanced disciplines are brought together to design, model, align, perform, monitor and tune decision models and processes. With this approach, human decision making can be enhanced and potentially automated.
Secondly, the most referred company for research and advisory in leading business growth – Gartner.inc. had made two significance reports in 2021 to emphasise the need for decision intelligence in organisation.
1. More than 33% of large organisations will have analysts practicing decision intelligence by 2023.
2. Decision intelligence has made it way into the Gartner Top Strategic Technology Trends for 2022 as one of the tools that can empower digital business and innovation for the next three to five years.
The traditional model of decision making is no longer sustainable in the new world environment today. The world we are living today is led by various factors which include data-driven, digital disruption and people-centric.
With many organisations are accelerating their digital transformation journey, the number of data obtained and need to be analysed are growing exponentially. Organisation needs a more advanced techniques combines with the traditional one to utilise the data to obtain an effective and forward-thinking decision.
VUCA environment or VUCA world require organisations to be resilient, elastic and agile. With decision intelligence, organisations are able to make brilliant decision in adopting the right business strategy that gives them ability to adjust upon unpredictable changes and demands. Furthermore, the application of various approach like machine learning, deep learning and predictive analysis allows organisation to improve their strategy through the analysis of past experience and decision as well as newly obtained suggestion.
E-SPIN Group in the enterprise ICT solutions supply, consulting, project management, training and maintenance for multinational corporations and government agencies across the region E-SPIN do business. Feel free to contact E-SPIN for your enterprise digital transformation initiative, project requirement and inquiry.
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