Starview Inc. have just launched their new platform – Business Analytics and Optimization Platform (BAOP). Growing out of a long standing consulting practice, the company sees an opportunity for a platform aimed at the continuous optimization of decision-making. They are focused on Telco, Finance, Energy and Manufacturing (especially Semiconductor) and they have a vertically-oriented strategy, [...]
business user
Corticon and KXEN have just announced a new partnership. I am always glad when a business rules management system company like Corticon partners with a predictive analytic vendor like KXEN. These two technologies can be used together to automate and improve operational decisions and build powerful Decision Management Systems (the topic of my new book). [...]
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 [...]
Decision Management can only succeed if the business rules for decisions can be effectively managed. Effective management must involve both business and IT organizations. There must be alignment and collaboration if the business rules are to be managed correctly. Indeed empowering this collaboration is the primary value of a business rules management system. Yet most [...]
I got a chance to catch up with FICO to talk about the new release of Blaze Advisor recently. FICO has a set of decision management solutions consisting of tools (primarily the Blaze Advisor business rules management system, the Model Builder predictive analytic workbench, Decision Optimizer and the Xpress Optimization Suite), applications and analytics (scores [...]
Don Campbell, CTO Of IBM’s Business Intelligence group, presented on trends in smarter business analytics. He sees four focus areas – improving customer understanding, optimizing real-time decisions, better enterprise visibility and improved collaboration. All underpinned by managed, trusted data. IBM’s customers tell them that the 3 big challenges are A lack of understanding of how [...]
Oracle Real-Time Decisions (RTD) is Oracle’s core Decision Management product and I have reviewed it before (see this First Look – Oracle RTD 3 and this one on the Oracle RTD Roadmap plus I have written a detailed Oracle RTD product review). With the release of “Oracle RTD Base Application Release 3.1” in May 2011 Oracle [...]
I got an update from Software AG after they announced webMethods 8.2 and ARIS 7.2.These two releases are the end result of work since Software AG acquired both companies. The releases contain features specific to both products based on their long standing roadmaps but Software AG also invested in improved integration of the two products. [...]
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 [...]
Sparkling Logic is a new company founded by a couple of old colleagues of mine and focused on what they call “Social Logic”. They have developed a social, cloud-based environment designed to help companies find the best, most defined decision logic that launched today at the Gartner BPM Summit. Fundamentally the new platform aims to [...]
As promised when I was blogging from the Object Management Group standards meeting, I caught up with OpenRules recently. OpenRules was founded in 2003 by people who had previously developed a business rules management system. Their immediate focus was on business analysts and on empowering subject matter experts to build business rules with minimal IT [...]
Final IBM IMPACT session for me this year is If P&C Insurance talking about the role of process and rules in claims processing. If is the largest property and casualty insurer in the Nordic region and covers all sorts of risks across personal and commercial lines of business. Insurance Customer Satisfaction can seem like an [...]
Westenrot and Wurttembergbische AG is a German financial services company covering insurance, home loans and savings. W&W had a set of business processes for order processing across all the products sold by the bank. These processes validated, completed and stored the order data and then generate a PDF to send to the customer/archive and update [...]
Nationwide Implements a Business Rules Solution to Improve Financial Processes Across the Enterprise
Three folks from Nationwide Insurance introduced their ILOG business rules implementation. Nationwide is one of the largest insurance and financial services companies with multiple brands offering products in property and casualty, mortgages, lines of credit, retirement plans and more. They are 124 on the Fortune 500, 16M policies and 32,000 staff. This project focused on [...]
Nicklas Holmberg from the Lund School of Economics and Management in Sweden presented on the importance of separation of concerns in business process design. His work has been in healthcare, particularly around a system for vaccination management, and is focused on business rules and a business rules-centric approach to designing services and processes. Nicklas began [...]
A long established vendor in the business rules management space, Corticon describe themselves as focused on delivering better, faster decisions by automating business rules. They have 450+ customers across insurance, financial services, government, health and ecommerce and say they have seen rapid growth in revenues in 2010 and into 2011. They have just announced Corticon [...]
Insurers face huge challenges with their installed base of legacy mainframe applications. Many systems are 15-20 years old and are impeding insurers’ ability to respond to the market demands for new products and to the increased rate of consumerization. Maintenance costs are high and staffing challenges continue to mount. Growing consumer buying power will force [...]
I got a chance to catch up with the folks from InRule Technology® recently to discuss the new release of their business rules management system– InRule® v4 (I previously blogged about the product and the InRule 3.2 upgrade). The focus of this release is the authoring interface. Based on a lot of customer feedback, InRule [...]
I was presenting this week to a company that asked what trends I saw in business rules. I had my ow thoughts but I also reached out to some other experience business rules implementers. Here’s what we came up with: A broader context for business rules Business rules are increasingly adopted as part of a [...]
Helm Interaction Management is a new company, founded in 2009, and focused on solutions related to inbound marketing and customer interaction management. Helm has developed a suite of inbound marketing products designed specifically for the cloud. With Market Helm™ business users can quickly create and deploy very targeted messages into any customer- or agent-facing application. [...]
