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Data Analysis Tool to Assess Value of Information for Decision-making (DATAVOID)

Award Information
Agency: Department of Defense
Branch: Army
Contract: W912HZ-19-C-0050
Agency Tracking Number: A2-7630
Amount: $999,980.69
Phase: Phase II
Program: SBIR
Solicitation Topic Code: A18-059
Solicitation Number: 18.1
Solicitation Year: 2018
Award Year: 2019
Award Start Date (Proposal Award Date): 2019-07-05
Award End Date (Contract End Date): 2021-09-21
Small Business Information
625 Mount Auburn Street
Cambridge, MA 02138
United States
DUNS: 115243701
HUBZone Owned: No
Woman Owned: No
Socially and Economically Disadvantaged: No
Principal Investigator
 Tyler Mayer
 (617) 491-3474
Business Contact
 Yvonne Fuller
Phone: (617) 491-3474
Research Institution

Decision-makers within the federal government and other agencies are responsible for making mission-critical decisions where a poor choice can have disastrous consequences, from monetary cost to loss of human life. To make the optimal decision, decision-makers often require detailed knowledge of the current scenario. Because information is often hard to obtain and time is limited, decision-makers must quickly prioritize which information to gather and analyze. To address this challenge, under a Phase I effort, we designed a Data Analysis Tool to Assess Value of Information for Decision-Making (DATAVOID). DATAVOID’s user interface enables decision-makers to formalize their decision-making process to optimize prioritized information requirements by probabilistically assessing the Value of Information (VoI) for any given piece of data. Under the Phase II effort, we plan to extend develop a full scope DATAVOID system which efficiently computes VoI and presents information collection strategy recommendations for a wide class of decision making scenarios including multi-criteria decision making.

* Information listed above is at the time of submission. *

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