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Decision Management

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 [...]

Jan Purchase of LuxMagi and I are working away on our new book, Real-World Decision Modeling with DMN and one of the questions we have been asking ourselves is who we are aiming the book at - who builds decision models? Jan had a great post on Who Models Business Decisions? recently to address this question and I wanted to point [...]

The Call for Speakers is open for DecisionCAMP 2016 until April 1st. This year DecisionCAMP will be hosted by the International Web Rule Symposium (RuleML) on July 7, 2016 at Stony Brook University, New York, USA. This event will aim to summarize the current state in Decision Management with a particular focus on the use of the Decision Model and Notation (DMN) [...]

I got an update from a new player in the decision management market today - ACTICO. They aren’t really new, though, as they are using the Bosch SI business rules management system, Visual Rules (last reviewed by me in 2010). The Visual Rules business has been split with Bosch SI focusing on IoT and manufacturing and ACTICO focusing [...]

Customer Intelligence is a core focus for SAS. Over the last year, real-time next best action, optimization, marketing efficiency are driving investments in Customer Intelligence in the SAS customer base. More organizations have initiatives focused on improving the customer experience, integrating digital silos for a digital experience and big data. The Customer Intelligence product is designed [...]

Predictive analytics is a powerful tool for managing risk, reducing fraud and maximizing customer value. Those already succeeding with predictive analytics are looking for ways to scale and speed up their programs and make predictive analytics pervasive. But they know there is often a huge gap between having analytic insight and deriving business value from it - predictive [...]

Jan Purchase of LuxMagi and I are working away on our new book, Real-World Decision Modeling with DMN. Real-world Decision Modeling with DMN will be available from MK Press in print and Kindle versions in the coming months and I wanted to take a moment to talk about why Jan and I are the right people to be [...]

This year DecisionCAMP will be hosted by the International Web Rule Symposium (RuleML) on July 7, 2016 at Stony Brook University, New York, USA. This year's event will aim to summarize the current state in Decision Management with a particular focus on the use of the Decision Model and Notation (DMN) standard. As always it will show [...]

My friends at TransUnion have an interesting job opening for someone with a background in decision management and consulting. They are looking for a Sr. Director, Decision Services CoE The Sr. Director, Decision Services Center of Excellence (CoE) will be responsible for developing and driving strategy to grow the Decision Services business for TransUnion’s International business. [...]

Decision Management Solutions joined the OneDecision.io consortium back in September and we have been working with them ever since both within the Decision Model and Notation (DMN) standards process and to provide some integration between the OneDecision.io Java-based reference implementation for DMN execution (which supports basic decision tables, JSON data types, and the standardized DMN XML interchange format) [...]