predictive analytics

Using Decision Management to avoid pointless and reckless

August 11, 2015

John Boyd, author of the OODA Loop (Observe, Orient, Decide, Act) once said
Decisions without actions are pointless. Actions without decisions are reckless
This seems to me to be a clarion call for Decision Management and its combination of operational and analytic systems into Decision Management Systems:

A typical analytic system, a Business Intelligence or dashboard system for instance, […]

Read the full article →

New IIA research brief on framing analytic requirements

August 6, 2015

I am faculty member for the International Institute for Analytics (IIA) and recently completed a new research brief on Framing Requirements for Predictive Analytic Projects with Decision Modeling. The Research Brief is behind the paywall for IIA clients with an Enterprise Research Subscription. If you are interested in IIA membership and the research that IIA produces check out the site. IIA does a […]

Read the full article →

White Paper of the Week: Framing Analytic Requirements

July 20, 2015

I have been thinking a lot about using decision modeling for advanced analytic projects recently as we have several clients in this area as well as a number of users of DecisionsFirst Modeler in this space. So much so I thought I would do a white paper of the week  for our paper on Framing Analytic […]

Read the full article →

Online Training: Introduction to Decision Management

July 16, 2015

[ August 25, 2015 to August 27, 2015. ] I am giving an online class Introduction to Decision Management in three 90 minute sessions August 25,26,27
Decision Management allows the effective automation of decision-making combined with increased business agility and greater effectiveness. Decision Management is a proven approach for adopting business rules and predictive analytics technology. Used with these technologies, Decision Management improves risk management and […]

Read the full article →

Gartner talking Decision Management and real-time analytics

June 24, 2015

Roy Schulte of Gartner gave a webinar last week on “Best Practices for Real-Time Analytics and Decision Management”
Digital business is driving CIO and senior IT leader awareness of decision management, an emerging discipline comparable to data management and business process management. Decision management improves business effectiveness by embedding real-time analytics and business rules into the […]

Read the full article →

Live Training in the UK in July: Decision Management and Decision Modeling

June 18, 2015

Our Partner Azinta is running a Decision Management and Decision Modeling class in the UK in July:
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 projects that integrate process models, business rules and predictive analytics.  Watch this […]

Read the full article →

Teradata Marketing and MGM #td3pi

June 3, 2015

Next up was a discussion of the Teradata Marketing applications with a presentation from MGM Resorts. I wrote about their marketing solutions back in 2013. These solutions have evolved and include in-house and acquired technology like Market Helm, Aprimo and others. These solutions are designed to bring cross-channel consistency and customer specificity. Individualization, real-time interaction, […]

Read the full article →

Live Event: A New Approach to Defining BI Requirements

May 29, 2015

[ July 2, 2015; 6:30 pm to 9:00 pm. ] I am speaking on A New Approach to Defining BI Requirements at the Bay Area Microsoft BI User Group on July 2nd
I will introduce the core concepts of DMN and show how it can be used to drive more effective requirements for BI, dashboard, and analytic projects.  You’ll also see a demo of DecisionsFirst Modeler, a decision modeling […]

Read the full article →

Updated white paper on improving claims processing with Decision Management

May 26, 2015

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 value to […]

Read the full article →

Another analytic practitioner speaks: an interview with Matt Kitching of Apption

May 19, 2015

As part of my ongoing series of interviews with analytic practitioners I caught up recently with Matthew Kitching, Senior Data Scientist at Apption. I am giving a webinar with Matt Kitching, Senior Data Scientist at Apption at 10am Pacific, May 27 on The Value of Predictive Analytics and How Using Decision Modeling Helps You Succeed.
Apption is a […]

Read the full article →

New white paper on framing analytic requirements

May 18, 2015

We just published a new white paper on Framing Analytic Requirements.
This paper shows how you can achieve analytical, data-driven decisions by using decision modeling and the Decision Model and Notation (DMN) standard to frame your analytical requirements. The value proposition of analytics is almost always to improve decision-making. Whether you are data mining, building predictive analytic models, designing […]

Read the full article →

First Look: IBM Decision Optimization Cloud

May 15, 2015

IBM’s advanced analytics portfolio contains its descriptive analytics, predictive analytics and prescriptive analytics products (everything from Cognos to SPSS to optimization and decision management). Within this portfolio is IBM’s decision optimization portfolio that contains the solver technology embedded in many IBM and external products. This demand for decision optimization involves enterprise Operations Research (OR) teams, […]

Read the full article →

Webinar: The Value of Predictive Analytics and How Using Decision Modeling Helps You Succeed

May 7, 2015

[ May 27, 2015; 10:00 am to 11:00 am. ] I am giving a webinar with Matt Kitching, Senior Data Scientist at Apption at 10am Pacific, May 27 on The Value of Predictive Analytics and How Using Decision Modeling Helps You Succeed
Successful predictive analytic projects follow a well defined approach from requirements to modeling, implementation and deployment, embedding the analytic results in operational systems that improve […]

Read the full article →

Improve your rules and analytics projects – learn about decision modeling with DMN

May 6, 2015

We have been doing more and more work with decision modeling and the new Decision Model and Notation standard recently – we have a large FSI rolling out decision modeling and DMN worldwide, we have trained over 700 people in DMN, and we are using DMN with clients in manufacturing, banking, insurance and healthcare. And […]

Read the full article →

Webinar: Putting Your Predictive Analytics to Work

May 6, 2015

[ May 21, 2015; 8:00 am to 9:00 am. ] I am giving a webinar with Angoss May 21 at 11am ET/8am PT on “Putting Your Predictive Analytics to Work”
When it comes to getting the most from your analytics, your ROI is only as good as your implementation. So join Angoss software and the foremost expert in Decision Management, James Taylor, to learn some key lessons […]

Read the full article →

Event: TDWI Solution Summit – Maximizing your Analytics Investment

May 4, 2015

[ May 31, 2015 to June 2, 2015. ] I am co-hosting the TDWI Solution Summit “Maximizing your Analytics Investment: Innovative Business through Predictive & Advanced Analytics” with Fern Halper, May 31-June 2 in San Diego.
Join an exclusive, hosted gathering of experienced professionals, industry thought leaders, and top solution providers for real-world tips and best practices to help you harness the power of analytics […]

Read the full article →

IBM Analytical Decision Management Update 2015

April 29, 2015

I last got an update on SPSS early last year. In March 2015, IBM released an update for the complete set of products in its advanced analytical portfolio. Analytical Decision Management (ADM) is positioned as part of this portfolio of predictive and prescriptive analytic tools.
IBM’s advanced analytic portfolio is focused on having meaningful impact on […]

Read the full article →

Take the Rexer Analytics Data Miner Survey!

March 23, 2015

The 2015 Rexer Analytics Data Miner Survey has launched. This survey is a great asset for the analytic and data mining community. Like many who look forward to the results I would like to ensure that the survey reaches a large and diverse group of analytic professionals, students and academics. The survey is for all analytic […]

Read the full article →

Webinar: Identifying the Right Analytic Capabilities in the Era of Big Data

March 17, 2015

[ March 25, 2015; 11:00 am to 12:00 pm. ] I am giving a webinar with FICO on March 25th at 11am Pacific/2pm Eastern on “Identifying the Right Analytic Capabilities in the Era of Big Data”
There is an increasingly broad portfolio of analytic capabilities available to enterprises today. These range from traditional Business Intelligence capabilities like reporting and ad-hoc query to modern visualization and data […]

Read the full article →

Decisions, Decision Management and an architecture for digital transformation

March 11, 2015

Ray Wang of Constellation Research published a report early this year “The Elements of Business Architecture for Digital Transformation.” In the report Ray identifies some interesting boardroom priorities (this is just some of them):

Consistent Customer Experience
Mass automation
Insights-driven business models
Cost-effective regulatory compliance

All of these are reasons given by our clients as they invest in Decision Management and in […]

Read the full article →