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An analytic enterprise uses analytics to solve its most critical run-the-business problems. It takes advantage of new tools and new data sources while ensuring analytic results are used in the real-world. This is the first of three blog posts about how to become an analytic enterprise: Focus on business decision-making (this post) Move beyond reporting [...]

First Look: ACTICO Modeler 8

ACTICO has just released ACTICO Modeler 8 – the latest version of the product previously known as Visual Rules for Finance (see most recent review here). ACTICO Modeler is a project-based IDE. ACTICO users can now select whether to create a “classic” Rule Modeling project or a Decision Model and Notation (DMN) project. The DMN [...]

Jim Sinur of Aragon Research recently published a new blog Mounting Pressure for Better Decisions. He argues, correctly, that decision making is under pressure because there is more data available than ever before, a need for faster change in the way organizations make decisions to respond to evolving circumstances and a general need for speed in [...]

Jim Sinur, VP of Research and Aragon Fellow at Aragon Research recently posted “Better Decisions with Decision Management” to his blog. Jim begins by describing Decision Management as “another discipline that will help consistently deliver better decisions”, especially when added to analytics and AI. It’s great to have Jim’s focus turn to a Decision Management [...]

DecisionCAMP 2018 in in Europe – Luxembourg to be precise – September 17-19. This is a great event and well worth your time if you are interested in the nuts and bolts of decisioning technology, Decision Management or decision modeling. Last year’s event in London was great with a wide range of presentations and lots [...]

March 27-29 I am teaching a 3-part online live training class that will prepare you to be immediately effective in a modern, collaborative and DMN standards-based approach to decision modeling. You’ll learn how to identify and prioritize the decisions that drive your business, see how to analyze and model these decisions, and understand the role these decisions [...]

Back in November I posted a humorous Thanksgiving guest decision model to LinkedIn. I just repeated the exercise with a decision model to help you assess a New Year’s Resolution. While these are just for fun, I thought it might be worth sharing how I built this one. Normally we like to work top-down talking [...]

All industry standards offer interchange. Successful standards offer skills interchange not just a technical interchange format. The Decision Model and Notation (DMN) decision modeling standard has a published XML interchange format, of course, and several of the committee’s members are working really hard to iron out the remaining issues and make the XML interchange more [...]

AI is a hot topic and we get asked a lot by clients how they can succeed with AI or cognitive technology. There’s often a sense of panic – “everyone is doing AI and we’re not!” – and a sense that they have to start a completely separate initiative, throw money at it and hope [...]

My friends at Actico recently had me record some videos on Decision Management and decision modeling with DMN. Here’s the first – 3 reasons why financial and insurance companies should adopt Decision Management. Enjoy.

I am giving a webinar on Rapid Deployment of Customer Next Best Action at 10am Pacific/1pm Eastern on November 2. Attend this free webinar to learn how you can quickly deploy next best action decisions that deliver the right marketing or customer service message to each customer, each time you interact with them. Learn from real world [...]

I have been working on Decision Management since we first started using the phrase back in 2002 – I’m probably the guilty party behind the phrase – and Decision Management Solutions (the company I run) does nothing but Decision Management. This gives us a unique perspective on new technologies and approaches that show up. One [...]

We are running our regularly scheduled, and highly reviewed, Decision Modeling with DMN training again October 3-5, 9:30am-11:30am Pacific each time. Decision modeling with the new Decision Model and Notation (DMN) standard is fast becoming the definitive approach for building more effective processes and for specifying requirements for business rules and predictive analytic projects. With decision modeling, [...]

I am speaking at an event in Switzerland, September 21 at 4pm CET at the Swiss Exchange in Zurich. I am talking about Successful digitalization and automation in the financial and insurance industry: State-of-the-art methodical approaches help companies succeed at digital transformation. Besides efficient IT architecture concepts, the Decision Model and Notation (DMN) standard plays an increasing [...]

I am presenting on Maximizing the Value of a BRMS with Decision Modeling at this years Building Business Capability conference – Wednesday at 4:50pm Several recent projects have combined decision modeling and the Decision Model and Notation (DMN) standard with a Business Rules Management System.  The use of decision modeling as the core requirements modeling [...]

Last week we completed the main phase of a proof of concept project at a client, one based in Jakarta Indonesia. After the report out, I tweeted Loving watching a Dr at one of my clients explain (in Bahasa) the decision model for claims handling they built #dmn #decisionmgt Tweets are great for this kind [...]

Silvie Spreeuwenburg of LibRT came up after lunch to talk about a rules-based approach to traffic management. Traffic management is a rapidly changing area, of course, thanks to IoT and self-driving cars among others. When one is considering traffic, there are many stakeholders. Not just the road user, also businesses reliant on road transport, safety [...]

Little bit of  a late start for me so I am starting with Geoffrey De Smet from Red Hat talking about constraint planning. He points out that some decisions cannot be easily solved with rules-based approaches – they can be described as decision (and as a DMN decision model in our experience) but not readily [...]

Bastian Steinart of Signavio came up after the break. Like Jan and I, he focused on their experience with DMN on Decision Management projects and the need for additional concepts. Better support for handling lists and sets, handling iteration and multiplicity for instance is also something they find essential. They have developed some extensions to [...]

After yesterday’s pre-conference day on DMN, the main program started today. All the slide decks are all available on the DecisionCAMP site. Edson Tirelli started things off with a session to demystify the DMN specification. DMN does not invent anything, he says, but takes some of these concepts and defines a common language to express [...]