Posted By: James Taylor | Posted On: 21st August 2014 |
Gregory over at KDNuggets had an interesting post with some Top Analytics and Big Data trends ahead of Strata Hadoop NYC Conference based on input from their readers. Three trends struck me: The challenge of communicating complex analyses to non-technical clients/partners We are having increasing success using logical decision models to show how data and analytics drive better […]
Posted By: James Taylor | Posted On: 18th August 2014 |
Interview Wednesday: James Taylor on decision management, analytics, and evidence. Tracy Altman (@EvidenceSoup), who I interviewed here, interviewed me for her blog recently. We talked decisions, decision management and analytics. You can find the interview on theEvidence Soup blog here. Enjoy.
Posted By: James Taylor | Posted On: 14th August 2014 |
Check out this article – Business leaders need Rs not Vs: The 5 Rs of Big Data. I met Merritt,the author, at the TDWI Solution Summit on Advanced Analytics this spring. In the post, and in his subsequent work, he makes some great points. I really like his 5Rs and think they illustrate the power of […]
Posted By: James Taylor | Posted On: 1st August 2014 |
There was a fascinating piece in the Economist last week – Little things that mean a lot. This piece really resonated with me – even the title sounds a lot like my mantra of “Big Data, Little Decisions” (you can see a selection of the articles and webinars I have given on this topic here). So what were the critical points Schumpeter made?
First the point that constant experimentation and rapid iteration is critical when trying to get value from all this data. Experimentation is often the skill we tell clients they most need to develop and we regularly stress the importance of putting in place the infrastructure and processes for ongoing decision results analysis. To maximize the value of big data and beco
Posted By: James Taylor | Posted On: 30th July 2014 |
Tracy Allison Altman over at Ugly Research has a great new white paper – Data is easy: Deciding is hard – in which she quotes me (thanks Tracy). It’s a great paper and makes what I think is the critical point – that you don’t need a data culture but a decision culture. And I would add that you need this at every level – strategic, tactical and operational. The paper has some great advice and I would add a couple of additional thoughts:
For decisions you make often – some tactical and all operational decisions for instance – build a decision model so you know how you think you are going to/should make the decision moving forward. Here at Decision Management Solutions we use the new Decision Model and Notation (DMN) Standard and our modeling
I will be joined by Sandy Kemsley among others and we will be discussing the role of Business Process Management and Decision Management in addressing healthcare challenges, where we see these technologies headed in Healthcare, what examples and best practices we see in other industries that are relevant and much more.
Decision Modeling has recently been added to the Business Analyst Body of Knowledge® Guide v3 while a new standard, the Decision Model and Notation standard, has also been released. Decision modeling with DMN complements existing process modeling techniques such as those using BPMN, extending process models to fully incorporate business rules and analytics.
Although based on years of experience with business rules and analytics, decision modeling is new to many analysts. This workshop introduces this powerful technique so that business analysts, enterprise architects and all those involved with business rules or analytic projects can use it effectivel