Innovation in Decision Sciences

摘要

Depending on which school of thought one belongs to, the current era can either be characterized as a vicious cycle or a virtuous cycle of data explosion, expanding applications, advancement of techniques, and increasing technology complexity. It is hard to say what is driving what, but the cycle is exacerbated by nature of businesses and the problems they are encountering. Continuous business transformation is a reality that defines the business problem space. Today there is an exponential increase in the number of problems that a business faces. This is triggered by emergence of new business models, cross-linkage across value chain boundaries, competition, and regulation. Further, yesteryear's business problems are disappearing and today there is an increasing number of high-impact, complex but short duration business problems. In such a situation, organizations are faced with the imperative of innovation in their problem solving and decision support methods. In this article we will focus on two broad areas of innovation that we see as emerging in the area of decisions sciences.