decision logic

Version 7 of The Decision Management Systems Platform Technologies Report

We’ve posted Version 7 of our popular Decision Management Systems Platform Technologies Report with new content on The Analytics Capability Landscape. We also welcome new vendors Blue Yonder and Erudine to the platform vendor index. Overview Organizations are adopting a new class of operational systems called Decision Management Systems to meet the demands of consumers, regulators and […]

New Book on BPMN and DMN – Building More Effective Processes by Integrating Process Modeling with Decision Modeling

The MicroGuide to Process and Decision Modeling in BPMN/DMN: Building More Effective Processes by Integrating Process Modeling with Decision Modeling BPMN expert Tom Debevoise and DMN expert and Decision Management Solutions CEO James Taylor have just published a new book on BPMN and DMN, the third edition of the popular MicroGuide to BPMN. Decision Model and […]

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

Decision Modeling in V3 of the BABOK®

The International Institute of Business Analysis (IIBA) has announced a public review of version 3 of the Business Analysis Body of Knowledge® (BABOK® Guide).  This is an exciting release for the Decision Management community.  Decision Modeling has been added as a technique using the Decision Model and Notation (DMN) standard. The Business Process Modeling perspective has a solid focus on […]

BPM Institute Live Training: Decision Modeling With DMN San Francisco

Live Training as part of Brainstorm San Francisco

The Decision Model and Notation (DMN) is a standard for decision modeling in the process of being adopted by the Object Management Group. It provides a graphical notation for specifying decisions so that decision making can be modeled separately from business processes. DMN allows both technical users and business users to describe, model and manage decision-making by providing a notation that is intuitive to business users yet able to represent complex decision making. The DMN specification also provides a mapping between the graphics of the notation to the underlying constructs of execution environments such as business rules management systems and predictive analytic environments.

The primary goal of DMN is to provide a standard notation that is readily understandable by all business stakeholders. These business stakeholders include the business analysts wh

New Article on Modern Analyst – Creating and Managing Executable Decision Models

Read the new article on Modern Analyst on Creating and Managing Executable Decision Models by our CEO James Taylor and Open Rules CTO Jacob Feldman. Decision requirements models allow business analyst, architects and decision designers to describe the decision-making they need. When these models are combined with business-friendly decision tables, non-technical domain experts can represent […]

5 steps to decision-centric legacy modernization

Last week I emphasized four key facts about legacy modernization. To move forward you need to find the legacy code that represents business decisions such as a pricing engine (what price is this product for this customer), eligibility logic (is this customer eligible for this offer or service), approval rules (can this claim be auto-approved) and replace those parts of the application with Decision Services.This week I am going to walk through the 5 steps involved in this kind of decision-centric legacy modernization (and don’t forget we have a webinar on legacy modernization coming up with our partner TechBlue).

  1. Analyze the code to find and isolate the decisions.
    The first step is to find the pieces of legacy code that make decision

4 reminders about legacy modernization

Legacy systems remain critical to many (most) organizations and so legacy modernization is still a hot topic (which is why we have a webinar on legacy modernization coming up with our partner TechBlue). With that in mind, as at is has been a while since I blogged on this topic, I thought I would share a few thoughts. First, this week, four key reminders when modernizing legacy applications:

  1. You don’t need to modernize the whole application
    Often you can dramatically improve a legacy application by modernizing just part of it. Many pieces of legacy applications work just fine and have few, if any, change requests pending. Maintaining these pieces as legacy code is not expensive and replacing it all would be high risk so why not leave it alone while focusing on the pieces that don’t work well, especially the pieces that have high maintenance costs.

Compliance in Finance – An Interview with Jan Purchase – Part 2

Welcome to Part Two  of my interview with Jan Purchase, Director and Co-Founder of LuxMagi (Part One of the interview is here). Lux Magi are experts in helping their clients automate complex, legal and regulatory compliance processes using business rules technology and decision management.  Jan and I are also giving a webinar on Agile and Cost Effective Financial Compliance: Going Beyond Business Rules with Decision Management February 13, 2014 at 10:00 am EST.

How does Decision Management address compliance challenges beyond what business rules technology offers?

The operational checks and actions required when processing trades, positions and instruments mandated by regulatory strictu

What’s Next for Decision Management?

Decision Management is a powerful approach to implementing business rules and analytics. Decision management is currently being used successfully in many decision centric applications such as next best action, marketing offer selection, fraud detection and instant credit decisions but decision management has not yet had the standards and tool set needed for widespread adoption. With […]