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I am attending this year’s Building Business Capability conference and blogging sessions like this one from Jim Sinur of Aragon Research. I gave a tutorial earlier in the week on decision modeling with DMN and will be speaking later in the week with David Herring of Kaiser Permanente (and signing my new book, Available now! Real-World Decision Modeling [...]

I presented on the lessons we have learned deploying decision management and decision modeling at scale at various clients, specifically some large financial institutions. We have some case study like papers available (contact us for a copy) and here are the key takeaways: Decision Modeling Widely Accessible, Collaborative Lots of people can build and use [...]

I got a chance to hear Roger Burlton and Sasha Aganova of the Process Renewal Group talk about a recent case study of theirs concerning risk and management and processes. This is a hot topic of course with new regulations and new requirements for financial services firms. Compliance with these risk management regulations, though, can’t be seen [...]

We have just posted a new white paper on Next Generation Claims Systems Decision Management delivers next generation claims systems that act immediately, increase agility, consistency and accuracy, improve customer satisfaction, speed response and reduce costs. Insurers can achieve significant speed-to-market gains, reduce fraud and create innovative new claims processes. Today’s insurance claims systems deliver [...]

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. [...]

Dataiku, a company founded in 2013 and based in France, launched their product, Data Science Studio (DSS), in February 2014. DSS is a web-based analytic software platform designed for data scientists and analysts. The product is designed to improve the effectiveness and productivity of data teams especially when it comes to turning raw data into [...]

First Look: FlexRule

FlexRule is a .Net business rules environment from Pliant Framework. The team began development on a free product in 2007 and commercialized the product in 2010 by founding Pliant Framework a product and services company. The product has a runtime, designer, repository (vault) and server. The product is under active development with releases happening regularly. [...]

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 [...]

First Look: Rapid Insight Update

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 [...]

First Look: RapidMiner 6 Update

I last got an update on RapidMiner back in March 2012. The company was founded in 2007 and has 40 employees worldwide. The free product has reached 10,000 downloads a month and the product has some 35,000 active deployments with over 500 customers worldwide (40 added in the last 6 months). The company recently secured [...]

We recently sent out a newsletter “Why Analytics Projects need Decision AND Process Thinking” explaining why we see value in modeling both processes and decisions when it comes to analytic projects.  Identifying decisions in business processes doesn’t define decision making. Processes may how when decisions are made. who makes decisions. what information they use an even [...]

The third and final post in my series on the impact of Big Data on Decision Management Systems: The impact of Velocity. As more data arrives more quickly we have to deal with velocity in two ways – we have to decide more quickly and we have to deal with data “in motion” – streaming [...]

Bob Picciano and Les Rechan came up next to discuss Big Data and Analytics: Fueling Competitive Advantage in the New Era of Smart. Five years ago IBM launched the Smarter Planet initiative. On a smarter planet, they say, everything is connected and instrumented and this is reflected in the explosion of Big Data. To drive value [...]

First Look: OpenL Tablets

I got an update from Exigen Services recently on their OpenL Tablets business rules product. Exigen Services is a global IT company focused on core systems transformations and management consulting. They have 10 delivery centers around the world and about 1,500 professionals.  They work in most industries with a focus on insurance, financial services, pharma, [...]

First Look: Decisions

I caught up with the wonderfully named Decisions recently. Back in the 90s the founders started OOP.com to separate what programmers did (build new components) from business users (who assembled and managed components) in complex decisions. This was sold to become the platform for a voice recognition product in the UK. In 2004 they started [...]