Two leading firms in decision management and decision modeling, Decision Management Solutions and Lux Magi, today announced their collaboration on a definitive guide to decision modeling with the Object Management Group’s Decision Model and Notation (DMN) standard. The book, Real-World Decision Modeling with DMN, will be published by Meghan-Kiffer Press in mid-2016.
Real-World Decision Modeling with DMN is being written by two of the world’s leading experts in decision modeling – James Taylor, CEO of Decision Management Solutions and Jan Purchase, founder of Lux Magi.
“A well-defined, well-structured approach to Decision Modeling (using the OMG international DMN standard) gives a repeatable, consistent approach to decision-making and also allows the crucial ‘why?’ question to be answered—how did we come to this point and what do we do next?” said Richard Mark Soley, Ph.D., Chairman and CEO, Object Management Group, Inc. ”The key to accountability, repeatability, consistency and even agility is a well-defined approach to business decisions, and the standard and this book gets you there.”
This comprehensive book will provide a complete explanation of the decision modeling technique and the DMN standard and of the business benefits of using it. Full of examples and best practices developed on real projects, it will help new decision modelers to quickly get up to speed while also providing crucial patterns and advice for more those with more experience.
“We have used decision modeling on many projects and have taught over 800 people decision modeling with DMN,” said James Taylor. “Business analysts, process analysts, developers, data scientists and subject matter experts have all found it an accessible yet precise way to describe critical business decisions. We want to bring this breadth of perspective to the book to help companies and individuals successfully adopt this powerful technique.”
“The power of decision modeling to capture, communicate and facilitate agile improvement in even the most complex of business decisions has been pivotal for our clients in their efforts to remain compliant and demonstrate compliance with rapidly changing financial regulations,” said Jan Purchase. “We would like readers of this new book to benefit from our experience of applying decision modeling pragmatically.”
Real-world Decision Modeling with DMN will be available in print and Kindle versions. To learn more and to sign up to be notified when it is published, sign up here.
About the Authors
James Taylor is a leading expert and recognized thought leader in Decision Management. Decision Management has been James’ focus for the last 13 years and he is almost certainly the best known proponent of the approach. He is the author of several books on the subject including Decision Management Systems: A Practical Guide to using Business Rules and Predictive Analytics (IBM Press, 2012). One of the original submitters of the Decision Model and Notation standard, he has been using decision modeling on client projects since 2011 and led the development of DecisionsFirst Modeler, a DMN-based modeling platform. He works with companies and software vendors to help them implement Decision Management and Decision Modeling.
Jan Purchase has been working in investment banking for 19 years, the last 13 of which he has focused exclusively on helping clients with Business Decisions, Decision Modeling (in TDM and DMN), Business Rules, Business Rule Management Systems (BRMS) and Business Process Modeling. He is a founder of Lux Magi Financial Rules (Lux Magi): a company specializing in delivering, training and mentoring all of these concepts to financial organizations. Lux Magi’s clients benefit from the adoption of Decision Modeling, it enables them to master, communicate and adapt complex business policies against tight deadlines. Jan’s many publications and the blog Decision Management for Finance highlight the practical lessons learned from applying Decision Modeling and BRMS at scale and provide useful feedback to Lux Magi’s clients and vendor partners.
About Decision Management Solutions
Decision Management Solutions specializes in helping organizations build decision-centric, action-oriented systems and processes using an approach of decision management, business rules and advanced analytic technologies. Decision modeling is the cornerstone for developing requirements for these next generation systems and processes. Our complete set of training, consulting and decision modeling software eases implementation and ensures long-term success.
About Lux Magi
Lux Magi helps investment banks and other finance companies worldwide to leverage the power of Business Decisions, Business Decision Modeling and Business Decision Management to develop, control, automate and optimize their business policies and compliance procedures. Lux Magi has been applying decision modeling to finance and regulatory compliance projects since 2011 to support their clients in becoming and remaining compliant with ever changing regulations.