decision logic

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 […]

New Collaborative Decision Modeling Offerings

Today we officially announced our DecisionsFirst Modeler decision modeling cloud-based application. DecisionsFirst Modeler delivers a new collaborative approach to decision modeling for enterprise architects, business owners, analytic professionals and business analysts. DecisionsFirst Modeler has already proven itself with clients and on Decision Management Solutions’ projects. Look for us at the upcoming Building Business Capability Conference in Las […]

Webinar: Decision-Centric, Intelligent Processes

James is giving a webinar on Decision-Centric, Intelligent Processes with Mark Mastop of Blueriq on September 18, 2013 at 10:00 am Eastern, 16:00 CET. Intelligent processes are dynamic, flexible, transparent and adaptive. They deliver consumer-centric services that can respond to rapidly changing business conditions and complex regulatory environments while simplifying IT and leveraging scarce resources. Decisions, and […]

Webinar: Managing and Evolving Decisions with DecisionsFirst Modeler and SAP Netweaver Decision Service Management

Join us this Thursday May 16, 2013 at 7:00 am PDT, 10:00 am EDT to learn the why and how of building a decision requirements model and integrating it into a business rules management system. We will demonstrate how graphical decision requirement models work and how they can be integrated with executable decision models by […]

Decision Management Systems Platform Technologies Report V3U4 Update

We have updated our Decision Management Systems Platform Technologies Report with  six additional vendors: Actian Aha! Software Decisions Informatica Corp. Precog Saffron Technology, Inc. There are also First Look product review updates for: GDS Link Decision Intelligence IBM SPSS IBM Decision Optimizer Solutions IDIOM Pegasystems Revolution Anlaytics Teradata Aster You can read the free report here.  

New white paper on using analytics to drive operational excellence

I recently wrote a white paper – Driving Operational Excellence with Business Analytics – sponsored by IBM. Organizations can maximize the value of analytics by moving beyond a focus on customers to drive excellence in operations. Critical Challenges in Operational Excellence Analytics and the Path to Operational Excellence Operational Success with Business Analytics Next Steps and […]

Business Friendly Data Mining with Decision Management

James gave a presentation a while back on Business Friendly Data Mining with Decision Management.  James writes in “Dealing with the age old barrier to analytics – business understanding:” Patrick over at Figurs sent out a newsletter that highlighted an article from 2010 Biggest Barriers to Business Analytics Adoption: People. The article highlighted the people and organizational issues […]

Why Business Analysts Want Decision Management

The purpose of business analysis is to accurately describe the requirements for an information system (more or less). Business Analysts use a variety of techniques to do this. They use techniques designed to help them find out what is required, to elicit the requirements, and they use techniques to describe and model those requirements in […]

Automate Fraud Detection with Decision Management Systems

Here is an excerpt from our Decision Management Systems Platform Technologies Report on Fraud Detection. Many organizations suffer losses from fraud and abuse. These range from fraudulent claims for services that were never performed, to applications for credit for people that don’t exist, to orders that include bribes and illegal payments. In every case an organization must […]