Legacy Modernization and Decision Management: An Interview with Claye Greene

February 18, 2014

As part of our ongoing “Meet our Partners Series” I caught up with Claye Greene of TechBlue, a Decision Management Solutions partner. Claye and I made this recording of a webinar on legacy modernization.
Please describe your current role and title and tell us a little about your company
I’m Claye Greene, Managing Director of TechBlue. TechBlue is a management [...]

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Analytic practitioners speak – an interview with author Nauman Sheikh

February 18, 2014

I have been interviewing analytic practitioners periodically – last year I interested Andrea Scarso, CEO of MoneyFarm and more recently I interviewed Tracy Allison Altman, co-founder of Ugly Research.  Next up is Nauman Sheikh, a seasoned professional of Data & Analytics. Nauman was introduced to me by a client who really liked his book Implementing Analytics: A [...]

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White Paper of the Week: In-Database Analytics

February 17, 2014

This week’s white paper of the week is a short paper on In-database Analytics

In-database analytics offer a powerful tool for embedding advanced analytics in a critical component of IT infrastructure. As the amount of data involved has grown and as data infrastructure has become more powerful, the adoption of in-database analytic technology has grown rapidly. [...]

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Some Decision Management and Compliance Resources

February 17, 2014

After our successful webinar last week I wanted to highlight the various resources for those using Decision Management and Business Rules to develop compliant systems. Compliance, and the need to automate compliance across multiple processes and systems, drives many organizations to adopt business rules and Business Rules Management Systems. Combining this technology with a Decision Management [...]

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First Look: SQLstream 4.0

February 12, 2014

I last wrote about SQLstream back in 2012 and got an update from them recently. Recent news includes a partnership with Oracle and new performance benchmarks (against Hadoop Storm for instance), and their latest SQLstream 4.0 release. New 4.0 features include

Performance optimization of the streaming integration layer and the UDX mechanism for SQL extensions
Support for [...]

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Decision Management as a framework for compliant systems

February 12, 2014

I gave a webinar with Jan Purchase of LuxMagi on Agile and Cost Effective Financial Compliance (recording here). Compliance, and the need to automate compliance across multiple processes and systems, drives many organizations to adopt business rules and Business Rules Management Systems. Combining this technology with a Decision Management approach (and with Decision Modeling) helps build compliance into every [...]

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Mckinsey, analytics and decision models

February 11, 2014

There was an interesting article from McKinsey this month - The benefits—and limits—of decision models - by Phil Rosenzweig.
As Phil points out using models (and he is talking about analytic models) helps avoid common biases that undermine leaders’ judgments such as over confidence, a focus on recent data etc. And I would add not just leaders - it also helps [...]

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Still time to register for our Decision Modeling online training

February 11, 2014

If you are interested in decision modeling and in the new Decision Model and Notation standard there’s still time to come to this quarter’s online training. We are running our highly recommended online Decision Modeling training live and online February 18, 19, 20, 2014 from 10:00 AM PT / 1:00 PM ET to 11:30 AM PT/ 2:30 [...]

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Nurturing Customer Loyalty: A webinar preview

February 10, 2014

I am giving a live webinar on March 17, 2014 “Nurture Customer Loyalty With Personalized Messages and Channel Alignment.”  There’s a free 10-minute preview segment now available - View Free Preview  
As more customers use more channels it’s challenging to deliver personalized, targeted messages across channels and over time. To meet this challenge, organizations should focus on the right decisions [...]

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5 key challenges in compliance that can be met with Decision Management

February 10, 2014

I recently gave a webinar with Jan Purchase of LuxMagi on Agile and Cost Effective Financial Compliance (recording here) and thought I would highlight some of the key challenges in compliance: Scale, Transparency, Consistency, Agility and Effectiveness:

Scale
There are more and more regulations that involve an increasing number of rules to ensure compliance. Decision Management, and decision modeling, let [...]

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First Look: Dulles Research Carolina Update

February 10, 2014

I first got a briefing on Dulles Research Carolina back in 2010 and I recently got an update. Dulles Research was founded in 2005 and came to market with Carolina, their SAS to Java convertor, in 2009. A U.S. patent was awarded to Dulles last year for the SAS to Java conversion process.
At its core, [...]

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Some Friday Data Analyst Humor

February 7, 2014

If you are a data analyst, data scientist, data miner or other analytics professional you should see this.
Thanks to @jimsterne for sharing!

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Compliance in Finance – An Interview with Jan Purchase – Part 2

February 4, 2014

Welcome to Part Two  of my interview with Jan Purchase, Director and Co-Founder of LuxMagi (Part One of the interview is here). Lux Magi are experts in helping their clients automate complex, legal and regulatory compliance processes using business rules technology and decision management.  Jan and I gave a webinar on Agile and Cost Effective Financial Compliance: Going [...]

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First Look: Oracle Event Processing

February 3, 2014

Oracle Event Processing is designed to provide high throughput and low latency processing against continuously streaming data—what is sometimes call Complex Event Processing. It handles real-time correlation between incoming data streams, time sensitive alerts, aggregations and calculations, pattern seeking in the stream etc. Critically, especially when one is dealing with very large volumes of streaming [...]

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First Look: Actian Analytic Platform

January 30, 2014

I got an update from Actian about their new announcement recently. Actian recently acquired ParAccel (reviewed here) and Pervasive (see my reviews of RushAnalyzer and DataRush) and for 2014 they are bringing all this IP together into a new Actian Analytic Platform. Actian is now a $140m company with strong profits and 10,000+ customers including [...]

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Build compliance into every process, every system with Decision Management

January 30, 2014

I was pointed to a blog post today from the folks at Forrester talking about their Governance Risk and Compliance Platform wave report.  In an era of increasing regulation and increasing costs for compliance failures, these kinds of platforms are clearly important. These platforms help you manage documentation, track overall levels of risk, generate required reporting, [...]

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First Look: Rapid Insight Update

January 29, 2014

I last got an update from Rapid Insight back in March of 2012. Since then they have made a number of updates to the products. To recap, Rapid Insight Veera is a data intelligence tool for creating analytical processes and modeling datasets (supporting an extract, transform, analyze metaphor) and Rapid Insight Analytics is a data [...]

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On becoming the Editorial Director for Decision Management at BPM Institute

January 29, 2014

I have just been announced as the new Editorial Director for Business Decision Management on BPMInstitute.org. The plan is that I will guide the direction of the Business Decision Management or BDM content as well as teach a number of new and improved training courses. BPMInstitute.org is a great outfit and I am excited to [...]

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White Paper of the Week: Decision Modeling with DMN

January 27, 2014

If you have been following the new Decision Model and Notation standard and want to understand a little more about how to do decision modeling using the approach, check out our white paper Decision Modeling with DMN. This white paper describes the four iterative steps to complete a Decision Requirements Model using the forthcoming Decision Model and [...]

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Lux Magi and Decision Management: An interview with Jan Purchase (Part 1)

January 27, 2014

We have been expanding recently, adding partners to help us deliver decision management to customers around the world. You can see the current list of partners here on Decision Management Solution’s website. To introduce these partners to you I am going to be conducting a series of interviews in the coming weeks. I am going [...]

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