Balancing key profit drivers such as revenue, risk, & costs is central to success in lending and many other high volume, transactional decisions targeted with Decision Management. The decision improvement lifecycle is central to delivering the full value of decision management. Being able to rapidly and effectively execute decisions, monitor their effectiveness, learn what works (and what does not), and iteratively improve your decision-making results in significant business benefit. Add mathematical optimization and you can go even further.
Designed to help you optimize your decisions and aimed at rules and business analysts, this paper lays out the proven steps to adopting decision optimization. It walks through how you can codify your current practice, systematically improve your decision strategy and apply mathematical optimization to make better decisions. It will show you the value of decision optimization and identify the critical success factors.
Decision Optimization can accelerate your success by helping you develop decision-making approaches that better meet your goals and objectives. This paper will show you how.
Over the next few months we are going to publish some supporting blog posts, focusing in on some key aspects from the paper. Next week is the first, discussing the importance of continuous improvement, and the others will follow every other week.
Meanwhile, don’t forget to download the paper and start your own “Journey to Decision Optimization”.