What is a decision model?

A unified function that produces decisions & estimated KPIs. This model can integrate all decision-making elements such as business KPIs, business rules, AI models, and human experts. Current AI techniques typically conclude at the narrow-contented modeling step and often fail to integrate well with business decision-making process. Additionally, other critical factors like business goals, constrains, competition, regulations, and decision are not adequately addressed. Fundamentally AI outputs are not inherently suitable for the requirements of business decisions.

To be effective, a decision model must meet five essential requirements:

 1) Aligning all required decision-making elements

 2) Directly supporting complex business decisions

 3) Explainability in terms of business decisions

 4) Adjustability based on business goals and considerations

 5) Adaptability to the business environment in a timely manner