Final session for me at Building Business Capability is Denis Gagne of Trisotech talking about the intersection of process, case and decision modeling – BPMN, CMMN and DMN – and the importance of these standards to business analysts. Denis reminds us that all organizations are facing a new digital future with rapid technology change, changing customer [...]
business event
I got a chance recently to catch up with the folks from XMPro. XMPro is a .NET-based Intelligent Business Operations Platform with headquarters in Dallas and offices in Denver, Sydney, London and South Africa. The folks from XMPro see the world as a very event-driven environment with work arriving in an increasingly dynamic fashion day [...]
IBM announced Smarter Process last year, pulling a number of capabilities into a single story with a particular focus on customer centricity. This year IBM’s customers are very focused on growth – 60% of them say it is their top issue, up from 41% the year before. The Smarter Process team this year is focused [...]
A recent Gartner group announcement said something that caught my eye Seventy percent of high-performing companies will manage their business processes using real-time predictive analytics or extreme collaboration by 2016, according to Gartner, Inc. “It has been technically possible to implement real-time analytics in transactional and record-keeping operational applications for decades. However, few business processes [...]
I have long been a fan of Richard Hackathorn’s view of decision latency and use it regularly in both consulting and training. He uses the concept of the value-time curve. This curve is designed to show that the longer you take to respond to new data, business events, the less value there is in your [...]
I recently got an update on release 8 of IBM’s Operational Decision Management product (last reviewed here).With this release, the user experience and the user interface have been completely overhauled and the integration between rules and events has been improved. The look and feel is also increasingly shared with the BPM product and, to be [...]
IBM has two core Decision Management products, Operational Decision Management and Analytical Decision Management. As noted yesterday CIOs see a need to drive better real time decisions while CEOs see the need to differentiate their organizations by translating insight into actions (by making decisions). The Decision Management solutions are focused on optimizing decisions – not [...]
IBM made a big announcement about Decision Management today. They are marking what they see as a new era of computing, cognitive computing that allows us to build systems that learn and, in my words, make decisions. All these new technologies, analytics and more, are about making better decisions. As Mike Rodin put it, the [...]
Johan Gerber of MasterCard kicked things off on day 2. MasterCard does not actually issue the cards with their logo on, they are a technology company that provides a network to link consumers, 32,000,000 businesses and 22,000 card issuers. The network is very high performance, handling 100 pieces of information and processing each transaction in [...]
Progress Corticon Business Rules Management System (BRMS) v5.2 was delivered in February and focused on key enhancements for natural language support, mobility, and Progress Software integration. Since the first version nearly a decade ago, Corticon has focused on offering easy-to-use tools to express and manage decision making logic. The Corticon business rules expression language is [...]
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 [...]
Erick Brethenoux, Pierre-Henri Clouin and Asit Dan presented on IBM’s Decision Management approach – a nice chance to see both the Business Analytics and WebSphere bits of IBM talking about the same problem. CEOs consistently tell IBM that volatility, uncertainty and complexity are continuing issues. CIOs with a mandate to transform the business are responding [...]
I got an overview of JBoss’s new intelligent, integrated enterprise approach as well some of their new product announcements. They are adding new data services, BPEL support, productizing their event/rules combination and adding some new connectivity elements. The world has obviously changed in the last few years. The fully automated processes of the past, JBoss [...]
IBM is announcing a new product and product positioning today. With the tag line “Turning Automated Decision Management into Real-time Operational Advantage” they have announced WebSphere Operational Decision Management. This new product is an evolution of the market-leading business rules management system, WebSphere ILOG JRules BRMS, united with IBM’s WebSphere Business Events. It brings business [...]
John Rymer and Mike Gualtieri of Forrester have published two interesting new reports on business rules – The Future Of Business Rules Platforms and Market Overview: Business Rules Platforms 2011. The first of these is a short piece emphasizing the growing role of business rules management systems in event processing and in Decision Management. The [...]
There’s a great article over on IBM’s Good Decisions blog called “What’s Decision Management got to do with Business Process Management?” The article lays out a nice scenario for Decision Management and differentiates between business event processing, business rules management, analytics and business process management. It is definitely worth a read. There are a couple [...]
As companies move to this more changeable, uncertain world that requires a coordinate extended enterprise, it is essential to manage decisions as well as processes – not by using process management to manage decisions but by managing decisions alongside processes. These operational decisions – micro decisions – are the front line in driving business agility [...]
Paul Vincent of Tibco presented to the OMG Decision Modeling Notation day on the impact of event processing and real-time event handling on decision management. In particular the increasing need for true real-time, almost snap decisions. Tibco sees demand for these kinds of decisions across banking and trading, supply chains, telecommunications and more. Paul used [...]
I got an update from TIBCO Spotfire recently, with my usual focus on operational decisions. Spotfire aim at what they call the analysis gap. Their customers typically have applications that are tailored and customized but too expensive to change, reporting that is widely distributed but inefficient (prompting users to use additional tools when needs change) [...]
The nice folks over at IDC let me take a look at IDC – Worldwide Application Development and Deployment: 2010 Predictions. I have a somewhat narrow focus (Decision Management) so only two are really in my zone. First, #10: 10. Decisioning Products Will Be Unified to Deliver a Decision Management Platform This is obviously right [...]
