DECISION SCIENCES
“Good decisions come for experience. Experience comes from making bad decisions.”
-Mark Twain
“Good decisions come for experience. Experience comes from making bad decisions.”
-Mark Twain
Business is inherently risky and uncertain. Technology can help alleviate some of the risk and uncertainty. Decision science is the connection between business and technology.
In today’s fast moving markets, where everything is going digital, it is becoming more and more difficult to depend on intuition alone. Managers and executives can no longer decide on a strategy based on just the “gut feeling”. A marketplace, where consumers are diverse geographically, culturally and technologically, demands a greater attention to risks and uncertainties. At the same time, managers need to optimize costs, inventory and resources.
Decision sciences provide managers with the tools to generate better business outcomes. We have been working with organizations, helping them build frameworks for strategy development. Our scientific approach to analysing patterns and trends has been successful in extracting unique perspectives of business dynamics. It is a cyclic method of scientific inquiry that makes the decision making process more concrete and less guesswork.
Our process undergoes the following phases:
By combining scientific principles with management constructs, we are able to avoid bias and blindspots, and build objective frameworks for decision making. We use the latest techniques in data modelling, statistical analysis and machine learning to test several scenarios before selecting the one delivering the most optimal outcomes.
No longer do managers need to base their strategies on intuition alone. We help organizations make the optimal decisions, while identifying the tradeoffs of each path of action.
From hospitals to pharmaceutical companies, we are formulating an analytics-driven approach to health care delivery, while making it accessible, affordable and accurate for patients.
CRI Advisory and Research works closely with doctors and professionals to transform the way the industry operates.
Most retail companies do not realize the exploding potential of the data captured by them.
We help you leverage your data resource to study consumer behaviour and provide solutions for marketing, CRM, pricing, inventory optimization, category management and supply chain efficiency.
What makes a luxury brand? It is no longer about expensiveness and rarity. Today, consumers value the quality of experience much higher than price.
Use our unique background in lifestyle and luxury consulting to understand how to woo consumers and incite lifetime loyalty towards your brand.
Digital marketing is both art and science. We are passionate about creating marketing strategies, campaigns and websites that stimulate senses and bring results. Our experience has given us the insight to understand what helps our clients succeed online.
We work with organizations to translate knowledge into action. Our analytically robust solutions emerge from a strong background of research and experience in management principles, organizational behaviour, market dynamics and consumer behaviour