Decision Management

MITSloan Article: Four traps of predictive analytics

August 27, 2014

Michael Fitzgerald wrote a great piece of the MIT Sloan Management Review this week - The Four Traps of Predictive Analytics. Michael saw me present at an event for Predixion in Boston and then went on to chat with me a couple of times. It’s a great piece, highlighting four critical issues around predictive analytics:

The need [...]

Read the full article →

White Paper of the Week: The Case for Centralized Customer Decisioning

August 25, 2014

This week’s white paper is an oldie but goodie - The Case for Centralized Customer Decisioning

An Imperative for Every Channel, Every Interaction
Marketing understands customers better than any other single group, and should own customer treatment decisions.
As marketers strive for a genuine dialogue with their customers, an interactive and personalized experience that builds brand and develops relationships, [...]

Read the full article →

IIBA Webinar: Improve Your Process Models by Modeling Decisions

August 21, 2014

[ September 18, 2014; 8:00 am to 9:00 am. ] I am giving a webinar on Improve Your Process Models by Modeling Decisions for the IIBA on September 18 at 11am Eastern:
Business analysts know that modeling business processes, rather than writing about them, defines them more accurately. Business process models make it easier to validate requirements, easier to see opportunities for improvement and easier to manage the [...]

Read the full article →

Some thoughts on KDNuggets’ top trends ahead of Strata Hadoop NYC

August 21, 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 decision making. [...]

Read the full article →

First Look Progress Corticon 5.4 Update

August 19, 2014

It’s been a while since I had an update on Progress Corticon – the last time was an update for v5.2 back in 2012.
Progress Corticon is a mainstream Business Rules Management System with the usual Corticon Studio, Corticon Server and Corticon Enterprise Data Connector. In addition there is the Corticon BRMS for OpenEdge, linking Corticon [...]

Read the full article →

Interview on Ugly Research

August 18, 2014

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 the Evidence Soup blog here.

Read the full article →

Decision Management and a business perspective on Big Data

August 14, 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 Decision [...]

Read the full article →

Seth Godin: No Analytics without Action!

August 12, 2014

One of my students at UCI pointed me to this great Seth Godin post:
Don’t measure anything unless the data helps you make a better decision or change your actions.
If you’re not prepared to change your diet or your workouts, don’t get on the scale.
Seth’s always worth listening too (I regularly quote his blow up your home [...]

Read the full article →

Live Event: Speaking on Decision Management at the GenRe Summit

August 7, 2014

[ October 6, 2014; ] I am speaking on October 6th at this year’s GenRe summit for the US life and Health insurance industry in Charleston, SC. The program covers innovation, analytics, agility, transformation and much more. I am delighted to be one of the speakers this year and I will be speaking about decision analytics and the importance of focusing on operational [...]

Read the full article →

Measurement, behavior, decisions and KPIs

August 7, 2014

One of the students on my UCI Class Business Goals for Predictive Analytics quoted his mentor in a discussion we were having about cross-referencing metrics or KPIs with the decisions that influence them.
Only measure those things you are willing to change and be willing to change the things you measure.
I really liked this quote because [...]

Read the full article →

Live Event: Insurance Analytics Symposium 2014: Industrializing Analytics

August 5, 2014

[ October 17, 2014; 6:45 am to 7:15 am. ] I am speaking on Industrializing Analytics for Better Decisions Everywhere at the Insurance Analytics Symposium in New Orleans, October 17.
Insurers of all sizes know they must adopt analytics, especially predictive analytics, to maximize the value of their customers, manage risk and compete effectively. One-off, ad-hoc approaches to analytics can demonstrate the value of analytics but [...]

Read the full article →

Webinar: Getting Started with Decision Discovery

August 4, 2014

[ September 9, 2014; 10:00 am to 11:00 am. ] I am giving a webinar with Juergen Pitschke, our partner in Germany, on Getting Started with Decision Discovery September 9 at 10am Pacific.
The path to a better bottom line is paved by large numbers of operational decisions made by people, by processes and by software applications. Systematically improving each operational decision – at scale – is [...]

Read the full article →

The Economist: Big Data, Little Decisions

August 1, 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 [...]

Read the full article →

Ugly Research: Data is easy, Deciding is hard

July 30, 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 [...]

Read the full article →

Webinar: How Global Leaders are Achieving Success with Predictive Analytics in the Cloud

July 14, 2014

[ July 24, 2014; 11:00 am to 12:00 pm. ] I am giving a webinar with FICO on How Global Leaders are Achieving Success with Predictive Analytics in the Cloud, July 24th at 2pm Eastern.
Analyst James Taylor answers the question: Are Companies Adopting Predictive Analytics in the Cloud? And, if so, how are they approaching it and overcoming obstacles to success?

Mr. Taylor recently surveyed hundreds of [...]

Read the full article →

Live Event: BPM Panel at Siemens Innovations for Healthcare IT

July 3, 2014

[ August 11, 2014; 12:00 pm to 1:00 pm. ] I am participating on a Business Process Management panel at the Siemens Innovations for Healthcare IT event in Tampa, August 10-13.

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 [...]

Read the full article →

40% discount on my book thanks to IBM Press

July 3, 2014

IBM Press is 10 years old this month and to celebrate all books and eBooks are 40% off through the end of July! You can buy my book, Decision Management Systems: A Practical Guide to Using Business Rules and Predictive Analytics and get this discount. Just buy it here and use discount code IBM10YEARS during checkout.

Read the full article →

Decision Management Systems Past and Future: A video

July 2, 2014

A short video in which I discuss the past and future of Decision Management as part of celebrating IBM Press’ 10th year.

I published Decision Management Systems:A Practical Guide to Using Business Rules and Predictive Analytics with IBM Press at the end of 2011 and you can but it direct from IBM Press here or here.

Read the full article →

Live Tutorial: Decision Modeling with DMN: Extending BPMN to Decisions, Business Rules and Analytics

June 30, 2014

[ November 2, 2014; 10:30 am to 1:30 pm. ] I am giving a tutorial on Decision Modeling with DMN: Extending BPMN to Decisions, Business Rules and Analytics at this year’s Building Business Capability conference in the afternoon of Sunday November 2.
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, [...]

Read the full article →

First Look: InRule 4.6 update

June 25, 2014

I last got an update on InRule back in 2011 with v4. They see four pillars to their Business Rules Management System:

Rule Authoring
Rule Storage and Management
Rule Execution
Rule Integration (SDK)

V4 focused on the rule authoring experience and since then they have had a couple of additional releases. 4.1 focused on improving the rule storage and management [...]

Read the full article →