Systems using artificial intelligence to enhance forecasting, planning, and decision-making in businesses have been proliferating in recent years, but in many cases, they lack the detailed, specific information about the organization itself, limiting the usefulness of those tools. 

Devavrat Shah, a principal investigator at MIT’s Laboratory for Information and Decision Systems (LIDS), faculty member with the department of Electrical Engineering and Computer Science (EECS), and member of the Institute for Data, Systems, and Society (IDSS), has been focused on how to design methods that can handle second-by-second decision-making using limited computational resources. 

“In a sense, with a small amount of resource, you have to do a lot of heavy lifting,” he says. As a researcher, “my interest is in the ability to develop methods that can extract information from data at scale in as effective a manner as possible.”

The Andrew (1956) and Erna Viterbi Professor has been teaching at MIT since 2005. 

In 2019, he also co-founded a spinoff company called Ikigai Labs. Ikigai built a foundation model for tabular, time series data based on years of research in Shah’s lab, which was patented and licensed by MIT to the company. This model can take input from enterprise data from varied sources, continuously and at scale, so that it learns as it goes along by testing its predictions against real outcomes.

Shah explains that the system is an extension of the kind of graphical models that are used, for example, by GPS devices to convert a sparse amount of data received from satellites into an accurate model of a position on the Earth’s surface, or by communication system like that in a digital watch that communicates at high speed in an energy-efficient manner.

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