A real-time, information-based approach to decision making through decision informatics

The focus of this paper is on decision making; more specifically, on what decision making requirements are needed in the future. We augur for a decision informatics paradigm; it is a real-time, information based approach to decision making. The paradigm is supported by two sets of technologies (i.e., information and decision technologies) and underpinned by three disciplines (i.e., data fusion/analysis, decision modeling and systems engineering). We begin by considering the context - and needs - for decision making as the economies of the world change and evolve, especially in regard to emerging services; then our proposed decision informatics paradigm is detailed and illustrated, together with an in-depth review of a critical, underpinning research area (dealing with real-time fusion and analysis of multiple non-homogeneous data sources), followed by several concluding remarks.