≡ Menu

decision management system

FICO Analytic Modeler is FICO’s in-browser analytic tool suite – the evolution of the Model Builder product line post the InfoCentricity acquisition. These offerings are part of the FICO Analytic Cloud, a cloud-based environment for building and managing analytic models and deploying analytics into decisioning applications.  It also features a marketplace for analytic solutions. The [...]

Decision Management is both an approach and a technology stack. In this opening day workshop at Decision CAMP 2014, Decision Management consultant and author James Taylor will introduce both. We’ll begin with the discovery and modeling of suitable decisions, move into the construction of decision services and wrap up with the importance of decision analysis [...]

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 [...]

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.

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 amazon.com here.

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 [...]

Experian’s PowerCurve platform was released in 2012 (I blogged about it here) and has been expanding and rolling out since then. It consists of a set of Data Management and Decision Management capabilities supporting a set of application across Originations, Customer Management and Debt Management. Fraud prevention and identity verification capabilities can be integrated with [...]

I recently got an update from Pegasystems focused on their recent release 7 of the Pegasystems Decision Management product. Last year (2013) Pegasystems had a good year, breaking $500M in revenue while showing a 55% increase in license and backlog. They are forecasting $576M in 2014 and report particular interest in predictive analytics, analytic marketing [...]

I got an update from Zoot recently about their zDecision product (having last been briefed back in 2012). First, a quick update on Zoot: They are focused almost entirely in the financial services industry, especially on lenders. Their products are designed to be very flexible and so support the kind of out of the box [...]

I am speaking at IBM’s IMPACT 2014 on The Mobile Enterprise – Driving the Need for Better Decisions & Smarter Processes (SPD-2798), Tuesday April 29 at 3:45pm The consumerization of technology in enterprises, increasingly mobile employees and the demands of more social, mobile and connected consumers are putting increased pressure on enterprises. Adopting mobile management and [...]

FICO has recently acquired InfoCentricity, makers of two advanced analytics products – Xeno (for building predictive scorecards, reviewed here) and StrategyTrees (decision trees). InfoCentricity has about 40 clients (some with over 100 modelers, some smaller). Most of these companies are also FICO clients though not generally for analytic modeling tools. Clients use the tools in [...]

Lisa Kart, Roy Schulte and Teresa Jones of Gartner recently published Find the Best Approach to Decision Management. It’s a great piece and if you are a Gartner subscriber you should definitely read it and share it around your organization. Even if you are not you should seriously consider getting it from Gartner as it makes [...]

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 [...]

First Look: IBM SPSS Modeler 16

IBM has recently released IBM SPSS Modeler 16 with three distinct packages: Professional with everything for structured data Premium adds text analytics, entity analytics and social network analysis Gold adds the Decision Management capabilities to the Premium package IBM SPSS Analytical Decision Management (ADM) will increasingly be included in the IBM SPSS Modeler Gold package [...]

Happy New Year. This week’s white paper is one from 2012: Beyond Business Agility: Becoming Adaptive and Analytic or how to use more than just business rules to develop systems more effectively. Business rules are a powerful tool for developing agile systems. Moving forward, becoming analytic and adaptive as well as agile will be a source of competitive advantage. [...]

I am giving the opening keynote at the Oracle BIWA Summit 2014 in Redwood Shores, California. I will be speaking on “Big Data, Little Decisions: Using Decision Management Systems to improve day to day operations” at 8:45am on January 14. As companies invest in Big Data infrastructure they are looking for ways to show a [...]

I am giving a webinar for the International Institute of Business Analysis on “Integrating Decision Modeling into your Requirements Process,” January 15 at 11am ET/8am PT [Note new date] A new generation of agile and analytic systems is delivering more accurate, more automated and more analytical decision-making to companies and organizations. Delivering consistent, and consistently [...]

This week’s white paper of the the week is The Intelligent Enterprise The Intelligent Enterprise leverages decision management to move from business intelligence to predictive analytics. Moving forward, it is no longer enough to look backward at historical performance. Becoming analytic and adaptive will be a source of sustained competitive advantage. In an era of [...]

First Look: Decisions on Demand

Decisions on Demand is a new cloud-based rules platform designed to bring the power of a business rules management system, and especially of decision tables, to users of Salesforce.com and other SaaS applications. The product comes in two flavors at present – Decisions on Demand for Salesforce and the Decisions on Demand Platform. The product [...]

We recently released The Decision Management Manifesto. In previous posts I explained why we did this and why decisions are important. This week I want to talk about the technologies involved in Decision Management. Most organizations will find that adopting Decision Management requires them to adopt some new technologies. Managing and automating business decisions is different [...]