transentis consulting

Meetup: AI for Enterprise Decision Making

Online Meetup on Thursday, June 24, 2021, 16:00
  • Oliver Grasl
    Oliver Grasl
    Wednesday, February 10, 2021
This meetup investigated the state-of-the-art regarding the use of AI for enterprise decision making and illustrated the ideas using an example combining business simulation and reinforcement learning.
The advanced analytical methods used in AI are having a profound impact on many business areas such as sales (recommendation systems, predicting churn), pricing (flexible, just in time pricing), HR (matching applications to job postings). But what about decision making and decision support at an enterprise level, such as setting targets, managing innovation portfolios and assigning budgets and workforce to them? Because of their future-oriented character, these areas typically lack the historical data which is necessary to apply advanced analytical techniques successfully. In this meetup, we investigated the state-of-the-art regarding these topics. A simple business simulation in combination with reinforcement learning was used to illustrate the ideas.
This lead to an exploration of the future potential of building full enterprise digital twins that combine knowledge graphs, simulations and advanced analytics.
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