Welcome back to The Visionary’s Guide to the Digital Future, where today we explore the innovative world of Decision Intelligence (DI).

DI has long been recognized as a leading technology trend, with reports indicating that over a third of large organizations have embraced it. Some experts even consider DI as the next evolutionary phase of AI.

Numerous software vendors now offer DI solutions, enabling organizations to implement evidence-based and data-driven decision strategies. However, practical guidance on formalizing decision-making and integrating decisions with data has been limited until now.

In our podcast, we have the pleasure of hosting Lorien Pratt, Ph.D., the inventor of decision intelligence and author of The Decision Intelligence Handbook, set to release in August. 

This comprehensive guide presents a step-by-step method for integrating new technologies into decision-making and bridging the connected series of decisions with desired outcomes. 

Lorien is the esteemed author of Link, a groundbreaking book that illuminates the profound connections between data, actions, and outcomes with a vision for a better world.

With four decades of experience in developing machine learning models, Lorien's expertise has been instrumental in major applications, including ChatGPT. Her insights have been featured in two TED talks, and she is a sought-after speaker for national radio and television appearances, keynotes, webinars, and videos. What truly sets Lorien apart is her remarkable talent for simplifying complex concepts. 

Discover how decision-makers can leverage data to achieve specific business outcomes, inform policy decisions, and even address societal issues like diseases by mapping the cause-and-effect relationships within data.

Tune in to see Lorien unveil the magic of decision intelligence.

Key Takeaways:

• Who is Lorien Pratt (00:00)
• Lorien’s experience with the Human Genome Project (05:18)
• Digital transformation and the role of machine learning (07:45)
• What is Decision Intelligence? (14:13)
• What is a causal decision diagram? (20:43)
• The process of creating a causal diagram (26:52)
• The first thing senior executives should do to leverage tech (32:46)
• How to engage with Lorien to take advantage of decision intelligence (44:41)
• Top-of-mind episode wrap-up - Lorien’s 5 immediate thoughts (45:45)

Quotes:

“Decision intelligence is about taking this giant tech stack and fitting it into your business outcomes in your business actions.” - Lorien Pratt (16:27 - 17:00)

“If we think of design thinking as starting with the end user in mind, and understanding their reality and their context, then decision intelligence is design thinking methodology and technology that allows you to work better with data and AI.” - Lorien Pratt (18:00 - 18:33)

“If you're a data person or technologist or a consultant, you need to meet people where they are. Through years of interviews and experience, I've discovered that senior executives are driven by outcomes and incentives. By understanding their strategic goals and speaking their language, we can empathize and connect with them in a meaningful way.” - Lorien Pratt (29:34 - 30:15)

“People make like 10,000 decisions a day, and only a tiny fraction of them will ever be informed by tech or informed by decision intelligence. So simply having a crisp and clear alignment of where you're aiming for is so foundational… And in my world, so rarely done.” - Lorien Pratt (29:34 - 30:15)

Additional resources:

Check out Lorien‘s books:

👉 The Decision Intelligence Handbook 

👉 Link | How Decision Intelligence Connects Data, Actions, and Outcomes for a Better World 

👉 Sign up for Lorien‘s course 

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