#19 Dr. Lorien Pratt: Decision Intelligence Defined

In this episode, Dr. Lorien Pratt discusses the concept of Decision Intelligence (DI), its importance in bridging the gap between data and decision-making, and how it evolves from decision engineering. She emphasizes the need for stakeholder alignment, the role of data in decision-making, and the importance of understanding the context of decisions. The conversation also touches on the integration of various technologies and the future of DI in a rapidly changing world.

Chapters
0:00 - Preview
0:28 - Meet Dr. Lorien Pratt
1:43 - Defining Decision Intelligence
2:28 - The Gap Between Data and Decision-Making
5:05 - The Evolution from Decision Engineering to Decision Intelligence
9:28 - Integrating Operations Research with Decision Intelligence
14:14 - Pricing optimization, diffuse objectives & cross-silo interactions
16:44 - Two Meanings of “Decision”
18:55 - Incorporating Uncertainty in Decision-Making
20:54 - The Dangers of Over-Engineering Models
25:25 - Lack of a Shared Blueprint & The Need for Alignment
33:20 - Learn about Quantellia
33:55 - The Inflection Point
40:55 - Resources: DIHandbook.com & GettingStartedWithDI.com


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Apple: ⁠https://podcasts.apple.com/in/podcast...
Spotify: ⁠https://open.spotify.com/show/0lFoAVK...

Connect with the guest
Dr. Lorien Pratt: ⁠  / lorienpratt  

Connect with hosts
Prof. Vijay Mehrotra (University of San Francisco): ⁠  / ⁠  

Prof. Michael Watson (Northwestern University): ⁠  / michael-watson-07600a1⁠  

About the podcast
The Decision Intelligence Lab podcast delivers real-world insights for data professionals, business leaders, and anyone seeking to leverage data & AI for smarter decision-making & successful business outcomes.
For business inquiries, email at ⁠[email protected]⁠