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Title:
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THE 7TH WORLD WONDER OF IT - INTUITION-BASED ANALYTICS FOR THE DIGITAL ECONOMY & SOCIETY |
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Author(s):
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Andreas Meier |
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ISBN:
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978-989-8533-99-9 |
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Editors:
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Piet Kommers, Adriana Backx Noronha Viana, Theodora Issa,
Pedro Isaías and Tomayess Issa |
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Year:
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2020 |
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Edition:
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Single |
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Keywords:
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Fuzzy Logic, Intuitionistic Fuzzy Logic, Fuzzy Portfolio Technique, Intuition-Based Service Management, Fuzzy Voting,
Digital Society |
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Type:
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Full |
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First Page:
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27 |
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Last Page:
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34 |
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Language:
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English |
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Cover:
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Full Contents:
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click to dowload 
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Paper Abstract:
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Computer Science is a relatively young discipline. However, the impact of IT to business, economy, and society is huge.
Without information systems and web-based services, our industry as well as our public live would suffer. In this overview
paper, we therefore list seven world world wonders of IT and focus on the seventh, i.e. fuzzy logic and its derivatives. In
fuzzy logic, the classical truth values true (1) and false (0) are extended by infinite truth values between 0 and 1. These
values open a new way of thinking, i.e. thinking in degrees of truth rather than in black and white terms. Three short case
studies - fuzzy portfolio techniques, intuition-based service management, and fuzzy voting - illustrate the potential of soft
computing in different application domains. Finally, we summarize the 'grand paradigm shift' of fuzzy logic for
mathematics and other areas of science, but also for engineering, management, decision-making, risk analysis, and last but
not least, for our knowledge-based society. |
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