New! Version 6 of The Decision Management Systems Platform Technologies Report

We’ve posted Version 6 of Decision Management Systems Platform Technologies Report with new content on decision modeling. We also welcome new vendor FlexRule and the report includes links to product updates on 11 Ants Analytics, Angoss, Alteryx, Experian, InRule, Pega, RapidMiner, SAS and Teradata. You can read the report online or download a pdf here: http://decisionmanagementsolutions.com/decision-management-technology

Great Hurwitz Report on Predictive Analytic tools

The Hurwitz Group just published their Victory Index for Predictive Analytics. This is a great report on the core predictive analytic vendors written by Marcia Kaufman and Daniel Kirsch. The report covers Angoss, IBM, Megaputer, Pegasystems, Predixion, RapidMiner, Revolution Analytics, SAS, SAP, StatSoft. The report aims to assess four things about each vendor:

  • Vision – how good the company’s strategy for predictive analytics is
  • Viability – how sustainable the company’s presence in the market is
  • Validity – how customers perceive the technical benefits and capabilities of the company’s product
  • Value  – how much business value customers achieve with the company’s product

This assessment is based on vendor surveys, vendor s

Alteryx Inspire 14 Influencer Summit – Product General Session

My final session of the event is George Mathew’s General Session on the product and its roadmap. George recapped Alteryx’s laser focus on data analysts – who make up a big chunk of the audience here – and their focus on making the next best decision. It’s great to see the focus on decision-making not just on data and analysis.

George went on to talk about the typical project for a data analyst, often a solo effort with lots of pressure on time and resources. At the same time, he points out, analytics is increasingly differentiating winners. Bain, for instance, found only 4% of companies were really using analytics to drive their business but they were 2x as likely to be a top quartile performer, 3x more likely to act on their decisions and 5x more likely to make good decisions. To deliver the value of analytics in a timely fashion, he says,analysts need better tools – better than spreadsheets, better than web spreadsheets, better th

White Paper of the Week: In-Database Analytics

This week’s white paper of the week is a short paper on In-database Analytics

In-database analytics offer a powerful tool for embedding advanced analytics in a critical component of IT infrastructure. As the amount of data involved has grown and as data infrastructure has become more powerful, the adoption of in-database analytic technology has grown rapidly. This white paper sponsored by SAS introduces in-database analytics and explores their role in embedding advanced analytics in Decision Management Systems.

Don’t forget you can find many other white papers on our white paper resources page and find the 

The growing impact of Business Rules and Decision Management. What a difference 5 years makes!

Back in 2008 I wrote this post – The small impact of business rules on the big players, bemoaning the lack of serious investment in business rules on the part of major software companies. As we enter 2014 I thought I would revisit this post and consider what a difference 5 years makes. Let’s consider some of the world’s top enterprise software  vendors:

  • IBM
    IBM has become a major booster for both Decision Management and business rules. The old ILOG product is now Operational Decision Management and has seen significant and continuous investment since IBM acquired it. Decision Management is one of three pillars of IBM’s Smarter Process initiative and every year it seems to have more visibility at events like IMPACT as well

White Paper of the Week: In-Database Analytics

As part of ongoing work on the Decision Management Systems Platform Technology Report I recently finished a piece on In-database Analytics In-database analytics offer a powerful tool for embedding advanced analytics in a critical component of IT infrastructure. As the amount of data involved has grown and as data infrastructure has become more powerful, the […]

Big Data and In-Database Analytics in the new platform technologies report

Since 2012 we have published a comprehensive report on the software technologies and products available to build Decision Management Systems – the Decision Management Systems Platform Technologies Report. Tested and established in many industries, these technologies include Business Rules Management Systems, data mining or Predictive Analytic Workbenches and Optimization suites as well as new in-database […]

A Practitioner Speaks: Analytics and Decision Management

I recently caught up with Andrea Scarso, co-founder and COO of MoneyFarm. MoneyFarm is a startup whose target is to modernize and democratize the European panorama of retail investment services, leveraging the opportunities offered by the web and by process automation. Andrea designed the main decisioning processes. What’s your background, how did you come to be working in analytics? […]

The role of decision modeling in a data-driven culture

I recently checked out The Evolution of Decision Making – How leading organizations are adopting a data-driven culture, a new white paper from the Harvard Business Review sponsored by SAS: People have long preached the benefits of relying on data and insights from business intelligence (BI) and analytics to help make better and timelier decisions. A reliance […]

Big Data and Decision Management Systems: The impact of Volume

Big Data is often described in terms of an increase in volume, an increase in velocity and an increase in variety: More data, of more types, arriving more quickly. In this short series of blog posts I will discuss the impact of each aspect of Big Data on Decision Management Systems – systems designed to […]