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Decision Management

We are running our regularly scheduled, and highly reviewed, Decision Modeling with DMN training again July 19-21, 9:30am-11:30am Pacific each time. Decision modeling with the new Decision Model and Notation (DMN) standard is fast becoming the definitive approach for building more effective processes and for specifying requirements for business rules and predictive analytic projects. With decision modeling, [...]

We are running our regularly scheduled, and highly reviewed, Introduction to Decision Management training again July 12-14, 10am-11:30am Pacific each time. A concise course for executives, managers and stakeholders stressing the key concepts and terminology of the proven decision management approach. This approach underpins the successful deployment of business rules management systems (BRMS) and predictive [...]

First Look: Avola Decision

The founders of Avola began working together in 2012 as an incubator called Bizzotope, intended as a venue for starting a number of innovative ventures. The first company was Bizzomate – a business and IT consulting firm focused on low-code platforms like Mendix and agile/Scrum approaches. Platforms like these generally lack process and decisioning capabilities [...]

Jan Purchase and I are working away on our book, Real-World Decision Modeling with DMN, and ahead of the publication we have made a series of short videos about decisions, decision modeling and DMN. These have been posted over on our company blog but here they are for you reference. Check them out. What is Decision [...]

Sparkling Logic is focused on enabling business and data analysts to manage automate decisions better and faster – what they call Analytics driven Decision Management. Sparkling Logic was founded in 2010 and I have blogged a few times about their decisioning platform (most recently here). Customers include Equifax, Paypal, FirstRate, Accela, Northrop Grumman and others [...]

I am giving a webinar on Decision Modeling with DMN for RedHat JBoss BRMS Thursday May 26th at 1pm Eastern/10am Pacific in which I will demonstrate the new integration capability of DecisionsFirst Modeler Enterprise Edition with RedHat JBoss BRMS. In the webinar I will Introduce Decision Modeling with DMN Discuss the new integration of DecisionsFirst Modeler [...]

I am speaking at the ODM/iLOG BRMS Meetup on Tuesday May 24, 2016 at 6pm Pacific in the IBM Offices at 1001 Hillsdale Blvd, Foster City (map) on Decision Modeling, DMN and IBM ODM. Decision Modeling with the Decision Model and Notation (DMN) standard is a powerful way to maximize the ROI to be gained from [...]

First Look: Modelshop

Modelshop was founded by Tom Tobin, someone who has spent his career building analytic applications in credit origination, portfolio optimization, risk management and fraud detection for major financial institutions. Tom’s vision for Modelshop is to make the technologies that enable these types of solutions available to all organizations so they can make their analytics actionable. [...]

As Jan and I work on our book, Real-World Decision Modeling with DMN, we have been discussing some of the common misconceptions about decision modeling that we’ve encountered among adopters. This is going to be one of the chapters in the book, in which we analyze misguided applications of decision modeling and their consequences, but I [...]

I am giving a tutorial at this year's Building Business Capability Conference on Decision Modeling with DMN Decision modeling is fast becoming a must know technique for business analysts and business architects. Decision modeling aligns processes, business rules and data in the most optimal way possible. When analytics or business rules need to be integrated [...]

Final set of announcements at FICO World relates to Cybersecurity or Cyber Threat Analytics. Obviously cyber attacks are increasing and driving a lot of fraud and abuse - phishing, malware, personal record theft etc. The big challenge in all this is the timespan. 60% of data theft happens with minutes or hours of a breach but [...]

Continuing with product announcements at FICO World, next up is the new products for fraud prevention and compliance. Financial crime is on the minds of consumers right now with 2/3 worrying about having their credit card data compromised or having their accounts used fraudulently. FICO has launched a new FICO Consumer Fraud Control product. This [...]

FICO made a series of announcements today at FICOWorld 2016. The event kicked off with a fun retrospective of the 60 year history of FICO. Bill Fair and Early Isaac founded the company in 1956 to use data and analytics to improve decision-making. This focus has not changed really in all the years since - FICO is still [...]

I am giving a webinar with Justin Philips of BP-3 on Getting Started With Decision Management Webinar, Tuesday May 24 at 8am Pacific/11am Eastern Join two leaders in the decision management field as they discuss using decision management in process. Key topics that will be covered: The difference between process rules and decision management Where to find [...]

Lisa Kart and Roy Schulte recently published a new research report Develop Good Decision Models to Succeed at Decision Management (subscription required). This is the first piece of formal research published by Gartner on decision modeling. Their introduction text says The industry trends toward algorithmic business and decision automation are driving wider adoption of the decision management [...]

One of the interesting and useful things about the Decision Model and Notation (DMN) standard for decision models is how it handles the data required by a decision. Simply put, a Decision in DMN may have any number of Information Requirements and these define its data dependencies - the Decision requires this information to be available if the [...]

I am faculty member of the International Institute for Analytics and Bob Morison has recently published some great research (to which I made a very modest contribution) on Field Experience In Embedded Analytics - a topic that includes Decision management. If you want access to the full research you will need to become an Enterprise Research [...]

I am co-hosting TDWI's Solution Summit on Business Innovation through Analytics and Big Data Architectures with Philip Russom, April 10-12 in Savannah, GA Business, analytics, and big data are colliding to create new and innovative ways of running a business, regardless of organizational size or industry. From one direction, organizations are collecting data from new sources, [...]

I am going to be the featured speaker at BP-3's BPM Camp London on March 31. The event starts at 1pm local time and runs into an event event: Welcome & Introduction to Digital Transformation Introduction to Smarter Process & Real World Examples Importance of User Interface in BPM Adoption Four Pillars of Operational Excellence and the [...]

One of the fun things going on over at the Decision Management Community is a series of challenges based on various real or real-ish problems. For each the site encourages folks to develop and submit a decision model to show how the problem described could be solved. This month there was one on Port Clearance Rules [...]