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This content is taken from the Coventry University & Institute of Coding's online course, Using Artificial Intelligence (AI) Technologies for Business Planning and Decision-making. Join the course to learn more.

What sort of decisions might we make and why?

If we go back to our example of the milk supply chain, we can identify the following decision-making needs:

  • Consumers might wish to adjust their diet in line with a healthier lifestyle
  • Local shops and supermarkets wish to maximise profits, minimise waste, ensure they have enough of the correct products at the time they are wanted
  • Bottling plants and distribution centres wish to predict throughput to ensure efficient use of staff and equipment, predict overtime requirements, plan maintenance etc
  • Farms have long and short term strategies to consider, purchase and sale of livestock or land, investing in new equipment

Different decision-making processes make use of data and knowledge in different ways.

Short Course 3, ‘Exploring AI Decision-making and How it Can Add Value’, will explore the different decision-making processes in more detail.

Your task

Think of daily decision: what data is required, on what basis do you make the decision and why do you make it? How does the reason for making the decision affect the data required?

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This article is from the free online course:

Using Artificial Intelligence (AI) Technologies for Business Planning and Decision-making

Coventry University