decision model

UCI Extension Defining Business Goals for Predictive Analytics – Winter 2014 enrollment open

I have been giving a class on Defining Business Goals for Predictive Analytics as part of the University of California Irvine Extension’s Predictive Analytics Certificate program. Predictive analytics can be used to seek out increasingly small margins and understand a company’s customers, products, channels, partners, and more. However, predictive analytics is only part of the […]

Clearly defined objectives for predictive analytic projects

There was a great article in Predictive Analytics Times recently by my friend Dean Abbott – A Good Business Objective Beats a Good Algorithm. Dean, like me, talks about the importance of the “three legged stool” of business, analytics and IT. But it was the title that particularly struck me. As Dean says, it’s easy to […]

Build Your Decision Capability with Decision Management

The old way Few organizations treat their decisions as first class objects. Business analysts don’t write requirements for them while enterprise architects don’t include them in their patterns. Organizations may invest heavily in technology to improve decisions such as Business Intelligence or predictive analytics, but they don’t know which decisions they are hoping to improve […]

Build Your Big Data Analytics Capability with Decision Management

The old way: Big data is a hot topic. Big Data was coined as a term by Gartner to mean data that has Volume (more data), Variety (of many types) and Velocity (that arrives more rapidly). Value is extracted from big data using advanced analytics such as data mining and predictive analytics. This data can […]

Build Your Business Rules Capability with Decision Management

The old way: Business rules projects begin by analyzing all the business rules in a business area. A set of techniques are applied to identify common terms across the whole business and to document every rule. A big book of rules is created that defines the rules for the business, generally in a defined syntax […]

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 […]

Building Business Capability Conference Starts Today #BBCCon

We are looking forward to a great week at the Building Business Capability (BBC 2013) Conference #BBCcon! Stop by our booth at P8 and ask us your questions about your Decision Management and Decision Modeling.  Today: Tuesday, November 12 at 9:00 am Register for James’ tutorial on “Modeling Decisions to Put Big Data Analytics to Work […]

Build Your Business Process Capability with Decision Management

The old way: Most organizations model and manage their business processes. Business process analysis and business process management systems (BPMS) helps organizations focus on an end-to-end set of activities that deliver business value. There are many benefits of a business process focus – consistency, improved customer experience, reduced costs and increased agility. However many business […]

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 […]

New Book on Intelligent BPM Systems launches today

  Future Strategies launched their new book today in Chicago: iBPMS: Intelligent BPM Systems: Impact and Opportunity: Intelligent business process management is the next generation of enterprise BPM, leveraging recent technological advances to attain a degree of operational responsiveness not possible with yesterday’s business process platform.  Today, companies of all types want faster and better insight […]