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decision making

BPM Skills in 2017: Hot or Not?

Zbigniew Misiak posted a great set of tips from practitioners BPM Skills in 2017 – Hot or Not - with my contribution here.  This is a great way to get some quick advice from a wide range of practitioners and experts. As someone with a particular focus on decision management and decision modeling I was struck [...]

Tom Davenport had a great article recently on Data Informed - “Printing Money” with Operational Machine Learning. His intro paragraph is great: Organizations have made large investments in big data platforms, but many are struggling to realize business value. While most have anecdotal stories of insights that drive value, most still rely only upon storage cost [...]

Continuing blogging from Building Business Capability and it's time for Jan Vanthienen to talk decision modeling for the business analyst. Jan is a leading researcher into decision modeling and decision tables at the University of Leuven. Observation 1: Decisions are important for business, not only processes. Too often, he says, the process is modeled with no [...]

Last session for me at IBM's World of Watson is the keynote from IBM CEO, Ginni Rometty. Another very slick video on the different ways IBM's cognitive, cloud and analytic solutions are being used around the world got us started. And again, IBM emphasized "with Watson" as part of their ongoing positioning of Watson as additive to people, [...]

I am giving a webinar with FICO and Automotive News on Strategies for Driving Real-time, 24x7 Business Outcomes through Analytically-Driven Decisions, July 12th at 2:30pm Eastern. The automotive industry has invested heavily in its Big Data, digital, business intelligence, and analytic infrastructures. But insights promised by these investments frequently remain hidden in the vast amount of [...]

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 [...]

Jan Purchase of LuxMagi and I are working away on our new book, Available now! 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 [...]

Many organizations have buried their operational decision making in business processes and information systems, making it hard to optimize how these decisions are made. This matters because more and more of the value created by business processes is associated with these kinds of decisions. As more processes are digitized and automated to keep pace with [...]

I am giving a webinar on How to Innovate Risk Management and Customer Centricity with Roger Burlton of the Process Renewal Group , February 17th at 11am Pacific. It's a great chance to hear how to innovate risk management and customer processes with decision and process management, from two leading experts. Operational decision making is [...]

I will kick off Predictive Analytics and Big Data 2016 in San Francisco with the opening keynote on Monday March 14 at 8:30am. Predictive Analytics and Big Data are more than just buzzwords – they are defining modern business in ways unimaginable even a decade ago. Organizations can now tap into vast oceans of internal and external data to gain insights, [...]

Gagan Saxena, also of Decision Management Solutions kicked off the first day of sessions for me at this year’s Building Business Capability show in Las Vegas. Gagan has been working on a large financial services client’s regulatory initiative and presented on the role of decisions and DMN-based decision models on regulatory compliance. A business architecture [...]

I am giving a webinar on Advanced Analytics for the Business Professional 10am Pacific on May 28 Advanced Analytics is not just for data scientists anymore. Many businesses adopt their analytics by degree of complexity, limiting business professionals to reporting and dashboard views of their business. But recent research has found that with modern tools [...]

A long time ago I came across a company called Erudine and blogged about the Erudine Behaviour Engine. At that time, Erudine came out of the defence, aerospace and nuclear power industries where the slightest mistake can lead to disaster. Today, Erudine’s more recent focus has been in the banking, financial services and investment sectors. [...]

Back in May of last year, Wayne Eckerson published "Making Predictive Analytics Pervasive". It's a great report with some really useful data but one of the key headline result is that implementation rates are not rising – in fact fewer organizations are reporting successful implementation of predictive analytics (from 21% to 18%). This despite the [...]

It's clear when you analyze analytic capabilities that there are three main reasons people use analytics: A need to report on some aspect of the organization A need to monitor the organization’s behavior or performance A need for the organization to make data-driven decisions As part of my recently completed research on the analytic capability landscape, [...]

Yseop Update

I got an update from Yseop recently, having last been briefed back in August 2013.Yseop has repackaged its capabilities into two products - Yseop Smart NLG (Natural Language Generation) and Yseop Smart Machine. Yseop Smart NLG is software that turns data into text and narrative, primarily working in finance, business analytics and business intelligence while [...]

Tom Debevoise and I gave a webinar this week on 4 key benefits of using the Business Process Model and Notation (BPMN) and the Decision Model and Notation (DMN) standards. We highlighted the power of these two standards in combination, specifically in terms of: Streamlined processes A combination of process modeling and decision modeling produces simpler [...]

At IBM Insight 2014 this week to hear about IBM's latest data and analytics offerings. Tomorrow I will be speaking myself on how event-centric decisions represent an inflection point in real-time decision making. For now though it's going to be all IBM. After some great rah-rah intro material from Jake Porway and Jeff Jonas, Bob Picciano came [...]

Tom Debevoise and I have just published The MicroGuide to Process and Decision Modeling in BPMN/DMN: Building More Effective Processes by Integrating Process Modeling with Decision Modeling and it's now available on Amazon. A little bit about the book: the landscape of process modeling has evolved as have the best practices. The smartest companies are using decision [...]

Brian McDonough has been writing (with Dan Vesset, Steve Hendrick, Henry Morris and others) on Decision Management at IDC for many years and he has recently published an IDC MarketScape: Worldwide Decision Management Software Platform 2014 Vendor Assessment. The report has an IDC MarketScape figure, IDC's opinion on the Decision Management market, process and software as well as some [...]