enterprise architecture

Predictive analytics sounds great, but how will it help our business run better?

The power of predictive analytics is the power to improve decision making at every level: strategic, tactical and operational. Organizations like yours are looking to: Identify and exploit opportunities to cross-sell and up-sell customers Retain more customers of the right kind more cost effectively Reduce fraud and abuse Manage risk more effectively Price products and services […]

My work at the International Institute for Analytics

I am a faculty member for the International Institute for Analytics and recently published two new briefs on how to use decision requirements modeling in the successful application of analytics, especially (but not solely) more advanced analytics such as data mining or predictive analytics. Decision Discovery for a Major Business Function This outlines how an organization […]

Update: Decision Management Systems Platform Technologies Report

We just posted an update to our Decision Management Systems Platform Technologies Report (V3U3) with two new platform vendors and several product updates. New platform vendors: Aha! Analytics Platform Pitney Bowes Software Portrait Suite Product updates: Angoss 8.5 FICO Model Central 3.0 KXEN’s Cloud-Based Predictive Offers The report is free to download here.    

Decision Management Systems Effectively Apply Analytics in Supply Chains

Here is an excerpt from our Decision Management Systems Platform Technologies Report on Supply Chain Management: Decision Management Systems are just beginning to penetrate supply chain management. There is tremendous potential for Decision Management Systems in this area, particular as organizations look for ways to bring predictive analytics to bear on their supply chain. By focusing predictive […]

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 […]

Dramatically Improve Collections with Decision Management Systems

Here is an excerpt from our Decision Management Systems Platform Technologies Report on Collections: Collections, chasing down those who owe money to the organization and collecting it, is a complex problem. Traditionally handled with large teams of people “dialing for dollars” and a first-in, first-out or highest dollar value approach to prioritization, collections can be made dramatically […]

Decision Management and some Gartner Top 10 lists

I saw this list of Top 10 CIO Business and Technology Priorities in 2013 from Gartner the other day and it caught my eye. In particular I was struck by the potential for Decision Management to impact both business and technology priorities on this list. Obviously one can tie almost anything to a priority like “Increasing […]

Automating the Underwriting Decision

Here is an excerpt from our Decision Management Systems Platform Technologies Report on Underwriting and Origination: Another well established area for Decision Management Systems is that of underwriting and origination. Whether originating loans, mortgages or credit, or underwriting insurance, these decisions offer a strong use case for Decision Management Systems. Often regulated and constrained by policy, these […]

Presentation and Replay: Engagement, Loyalty, Costs & Growth – Driving Retail Success with Predictive Analytics and Decision Management

We had a great response to this week’s webinar “Engagement, Loyalty, Costs & Growth – Driving Retail Success with Predictive Analytics and Decision Management.” The presentation is attached. The replay is now available on on YouTube channel here. Engagement, Loyalty, Costs & Growth – Driving Retail Success with Predictive Analytics and Decision Management from Decision Management […]

Put Predictive Analytics in your Business Processes with Decision Management

Decision Management puts predictive analytics right where they are needed most – in operational business processes. Analytics do not show an organization how to change its processes at a macro level. An organization must change its processes by externalizing decisions to allow analytics to work. The results are analytic, adaptive and agile business processes and […]