Posts tagged as:

Blaze Advisor

First Look – FICO Xpress and Business Rules

February 17, 2010

Optimization is a mathematical process for finding the best decision for a given business problem – usually highest profit, lowest cost given a set of constraints. Involve applying an algorithm to data, decision variables, constraints and an objective function. In financial services and insurance optimization is still fairly new (unlike, say, supply chain) but the [...]

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Some rules and analytic job opportunities

February 11, 2010

Three job openings today. Decision Management Solutions partner Technology Blue is looking for a couple of experienced Blaze Advisor resources for a project starting March 1:

Senior Business Analyst: Full time resource with experience in business rule harvesting and analysis, process oriented, able to develop and implement processes, must be comfortable leading knowledge transfer and training [...]

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More on replacing COBOL with something useful

February 10, 2010

Lisa posted an interesting comment on an old post of mine (Why don’t you replace COBOL with something useful (not Java)) in which she make some interesting comments:
I understand your last point that using a declarative “model” such business rules would be preferable to replace legacy COBOL applications instead of using a procedural language.
Indeed. [...]

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Business Rules Forum 2009 – Day 2 #brf

November 4, 2009

The second full day of the Business Rules Forum/Enterprise Decision Management Summit is over and once again I have been taking notes rather than blogging live. Once again there were some great sessions – today I heard Steve Hendrick of IDC, Sandeep Gupta of Equifax, Chaitan Sharma of DAASL, Zach Springborn of OneData and Mo [...]

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Book Review – Business Rules Management and Service-Oriented Architecture

August 1, 2009

Business Rules Management and Service-Oriented Architecture by Ian Graeme
This is a fairly technical look at business rules, the technology of a business rules management system and patterns of using them. The book gives a fairly quick overview of SOA and then introduces business rules, both as an approach and as a class of technology. He [...]

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Decision Management Event Calendar for July 3

July 3, 2009

This week’s event calendar is below. The intent of this weekly post is to focus on web events coming in the next few weeks and conferences in the coming months. If you know about web or physical events around business rules, analytics, optimization or decision management, please let me know – james@decisionmanagementsolutions.com.
Web Events:

Silverlink: Applying Analytics [...]

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Decision Management Event Calendar for June 12 2009

June 12, 2009

This week’s event calendar is below. The intent of this weekly post is to focus on web events coming in the next few weeks though I will start to add some longer term conference links. Anyone who knows about web or physical events around business rules, analytics, optimization or decision management, please let me know [...]

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First Look – FICO Blaze Advisor 6.7 and Decision Simulator

June 1, 2009

Back in March FICO released 6.7 of their BRMS Blaze Advisor. I got a chance to catch up with the release just recently. The focus of this release was the business user experience – an improved out of the box experience for business users. The business user experience has become increasingly critical as business users [...]

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First Look – New Wisdom RuleGuide

April 23, 2009

New Wisdom was founded in 2006 (as a spinoff of Lambert Consultants) to develop software for managing business source rules. The product, RuleGuideTM, is designed to capture metadata about the rules and to support discovery and analysis of rules in projects adopting a business rules management system (BRMS). They see this as about 65% of [...]

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A Response to a cowardly programmer

April 22, 2009

I got a comment recently from “Joe” who was too much of a coward to actually post his name, his email or to link to his own blog/site/twitter feed. You can read it on my post Here’s a couple of skills developers will need in the years ahead. His comment was so indicative of the [...]

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First Look Blaze Advisor 6.6

December 4, 2008

Blaze Advisor 6.6 is an incremental release to Fair Isaac’s business rules management system that has just become available. As Fair Isaac has used the product more extensively as the basis for its decisioning applications its own experience has driven a variety of useful features and this, combined with the Blaze Advisor team’s usual focus [...]

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The small impact of business rules on the big players

November 21, 2008

Jim Sinur brought up an interesting point today when he blogged IBM, Microsoft, Oracle and SAP have bought Business Rule Technology. What’s up with that? The big players seem to be toying with business rules – there’s plenty of activity but not much understanding or commitment.

SAP bought Yasu but until recently did not show much [...]

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Building Blocks of Decision Management

October 30, 2008

Michele Edelman of Discover presented on Building Blocks of Decision Management: “Tools to Rule”. Michele spends a lot of time educating people inside Discover and her team use sources like McKinsey to show executives why EDM matters. For instance, a report on top 10 macro-economic trends:

Centers of economic activity will shift profoundly not just globally [...]

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Rules and Process Management for Insurers

October 28, 2008

Chubb has been working with Blaze Advisor to automate a number of decisions. They began with specialty lines underwriting (automated renewals), claims severity calculation and work queue assignment. Current focus is on integrating predictive models and some legacy modernization.
The automated renewals project reduced the time to make renewal rule changes from 3-6 months of IT [...]

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Risk Management at Sun

October 28, 2008

Risk management is necessary at Sun as new products are constantly being introduced. Each time there are challenges getting information out to people. Also find the same problem repeatedly in different geographies and were challenged to share information about problems and solutions between teams. By 2001 they found over 300 user developed applications supporting risk [...]

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New Community for Fair Isaac customers and others

September 30, 2008

The folks at Fair Isaac pointed me to a new community they have just released – dmtools.fairisaac.com. I have not had much of a chance to check it out but it looks useful and I look forward to participating. One thing is new – you can download trial versions of Blaze Advisor. Have fun…

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An interesting poll on data miners and PMML

August 7, 2008

PMML – The Predictive Modeling Markup Language – is the primary XML format for describing predictive analytic models so that a modeling tool can share a model with either another modeling tool or, more usefully, with a deployment environment. The folks over at KDNuggets recently ran a poll asking their readers about their use of [...]

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Live from InterACT – An Enterprise Decision Engine for Originations

April 30, 2008

Wednesday begins with Antonio Paulo Conde from Citibank Brazil talking about an enterprise decision engine for originations in their retail bank.   Measuring and understanding the risk of new financial products is important and became more so as the sales teams gained more negotiation power. To address this Citibank used Blaze Advisor to build an [...]

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Live from InterACT – Automate, Improve and Connect

April 29, 2008

Paul Daro was next giving some detail around the new architecture (introduced by Bernhard Nann). A number of trends were identified first:

Clearly the move to a collection of services from monolithic applications has fundamentally changed the relationship of vendors to customers – now more about delivering services that can be fitted in to an overall [...]

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Live from InterACT – Building a Decision Engine

April 28, 2008

Next up was Chris Collard of Dell talking about building a decision engine. Chris had done an implementation at Dell Financial Services and was sharing some of his experience with replicating that at Dell. Chris talks about decision engines as full decomposed applications – data, process and logic all externalized. Chris’ central thesis is
Effective Decision [...]

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