kpi

Some thoughts on decision terminology

January 30, 2012

An interesting thread over on LinkedIn got into a discussion of terminology and I thought I would share my opinion on this here:

Decision Management is an approach for supporting, automating, managing and improving decisions.

Decision Management Systems are systems that automate and manage repeatable decisions.
Decision Support Systems support people manage decisions, both repeatable and one-off.

To build [...]

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Pervasive BI: Top Factors for Success

September 19, 2011

Brian McDonough of IDC talked about the drivers for pervasive BI in organizations. He identified various metrics for measuring pervasiveness. Each of these could be assessed (from beginner to expert for instance) to see how well an organization is doing.

Data Update Frequency
Percent of Power Users
Degree of Internal Use
Degree of External Use
Analytical Orientation
Number of Domains

IDC found [...]

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Role of Business Intelligence in process improvement

April 29, 2011

Bill Gassman spoke on the role of Business Intelligence – BI – in process improvement. Bill means “big BI” – everything to do with intelligence about your business, the discipline of BI and analytics, not just a “BI” product. The road to intelligent operations he says has “haves” and “have nots” – some have BI [...]

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Update – Angoss

April 18, 2011

I got an update from Angoss recently. It has been a while since I was updated on the product – I last blogged about 7.0 which was the last major release. 7.5 is an upgrade from this version –a maintenance release – with 7.6 planned for the end of 2011 and 8.0 due out around [...]

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The KPI Decision Model

March 23, 2011

Barb von Halle and Larry Goldberg from KPI and one of their clients presented to the Object Management Group session on the KPI Decision Model (Barb recorded a webinar on the Decision Model for me some time back). KPI has been working on the Decision Model for some time and published a book on this [...]

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Here’s how to put strategic thinking into action

January 6, 2011

I was reading this article on Have you tested your strategy lately? in the McKinsey Quarterly and I was struck by test 10: Have you translated your strategy into an action plan?
This struck me because one of the most persistent problems I see in corporate strategy is what I call the “make it so” problem. [...]

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Oracle Real Time Decisions at Dell #oow10

September 20, 2010

I blogged a couple of internal Oracle sessions on RTD (Oracle Real Time Decisions in e-commerce #oow10, Oracle RTD Roadmap #oow10) and now we get a chance to hear a customer speak – Dell with some help from Objectifi. Octane is Dell’s brand name for their RTD project – the platform has a number of [...]

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First Look – DataInfoCom

September 1, 2010

I caught up with DataInfoCom recently – a research-oriented software company headquartered in Austin, Texas. Their focus is on what they call Predictive Decision Management. Their software product, OSMOSYS, delivers predictive decisioning over the Internet – Decisions as a Service or DaaS as I call it. Their customers include a couple of well known, Fortune [...]

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More on decisions and decision management

July 29, 2010

Syndicated from B-Eye-Network
I recently wrote an article for the IIA on decisions, decision management and analytics. This was prompted by Tom Davenport’s recent interview on the Sloan Business Review on Reengineering your decision making processes about analytics and how companies make decisions. This interview also prompted Boris Evelson of Forrester to write this blog post [...]

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Decisions, decision management and analytics

July 29, 2010

Syndicated from International Institute for Analytics

Tom Davenport was interview recently by the Sloan Business Review on Reengineering your decision making processes about analytics and how companies make decisions. While the interview is mostly focused on manual decision making, many of the points are just as valid when you consider decision management and decisioning technology as [...]

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First Look – Verix

May 14, 2010

I got my first look at Verix recently. Verix targets the commercial side of Pharmaceutical companies – sales first, then managed care and then marketing. They are trying to shift the burden of analysis work from sales managers, sales consultants to automated systems. They started with a core analytic competency and it evolved over time [...]

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BI 2010 – Making BI more strategic

February 23, 2010

I have just opened ITWeb’s BI 2010 in Johannesburg talking about decisions and importance of decision making in making BI matter (I will post my slides later). Great audience, nearly 200 people with a strong showing from end user customers (75%) and, very interestingly, nearly half considered themselves business / IT straddlers which is a [...]

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Decision-centric organizations focus on decisions

January 20, 2010

Syndicated from ebizQ
The first critical characteristic of a decision-centric organization, obviously enough, is a focus on decisions instead of processes or functions. The decisions an organization makes, the actions it selects from the possible alternatives are critical. Decisions are what make strategy real and drive results and performance against metrics. Implementing a strategy defined at [...]

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First Look – Aha

January 14, 2010

I got a chance to catch up with Aha! recently. Aha! is based in the Denver Tech Center and was founded back in 2006. Aha!’s premise is that it is now possible to build analytics into a platform and to focus on how to operationalize predictive models and deliver analytics within business processes. Initial customers [...]

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Make Better Decisions

November 17, 2009

Tom Davenport published a new article recently in the Harvard Business Review titled Make Better Decisions. In it he gives some examples of bad decisions and asks why this decision-making disorder?
First, because decisions have generally been viewed as the prerogative of individuals—usually senior executives. The process employed, the information used, the logic relied on, have [...]

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KPI framework for a competitive edge

November 12, 2009

I am hosting a panel on Predictive Analytics at the Business Analytics Summit and I got a chance to attend a session beforehand where Dave Stodder presented on performance management and Key Performance Indicators.
Dave began by emphasizing that performance management is both a business and IT issue and that it needs to [...]

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The Decision Model and business rules

November 2, 2009

Syndicated from ebizQ
The new book from Barb von Halle and Larry Goldberg, The Decision Model: A Business Logic Framework Linking Business and Technology, is now available. This book outlines an approach for capturing and managing the business rules you need to understand in order to implement a Decision Service. It complements the use of a [...]

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Webinar: The Decision Model – Empowering Decision Management

September 24, 2009

[ October 21, 2009; 10:00 am to 11:00 am. ] The fourth webinar in the series. In order to implement Decision Management effectively, we need to be able to identify and manage the business logic (i.e. the business rules) underlying business decisions. It soon becomes apparent that classical methods of gathering and managing business rules (i.e. by natural language) do not scale to support Decision [...]

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Lands End needs some decisioning power

August 28, 2009

It’s been a while since I have used Lands End but just recently I needed to order some logo wear for my son’s school and they used Lands End as the supplier for this. I logged on, used the “find your school” option and found the code for my son’s school. The website then remembered [...]

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Book Review – Business Rule Revolution: Running Business the Right Way

August 1, 2009

Business Rule Revolution: Running Business the Right Way by Barbara Von Halle, Larry Goldberg
The book is a collection of chapters, not necessarily designed to be read in sequence. The chapters include:

A great summary of various rules projects surveyed by KPI showing the focus on agility, consistency, knowledge management, legacy modernization, business control (though interestingly not [...]

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