decision making

Last week I emphasized four key facts about legacy modernization. To move forward you need to find the legacy code that represents business decisions such as a pricing engine (what price is this product for this customer), eligibility logic (is this customer eligible for this offer or service), approval rules (can this claim be auto-approved) and replace [...]

Legacy systems remain critical to many (most) organizations and so legacy modernization is still a hot topic (which is why we have this recording of a webinar on legacy modernization we did with our partner TechBlue). With that in mind, as at is has been a while since I blogged on this topic, I thought I would [...]

I have been interviewing analytic practitioners periodically – last year I interested Andrea Scarso, CEO of MoneyFarm and more recently I interviewed Tracy Allison Altman, co-founder of Ugly Research.  Next up is Nauman Sheikh, a seasoned professional of Data & Analytics. Nauman was introduced to me by a client who really liked his book Implementing Analytics: A [...]

I am giving a webinar on Nurture Customer Loyalty With Personalized Messages and Channel Alignment for the Association of Strategic Marketing on March 17 at 1:00pm Eastern More customers are using more channels and with the growth in mobile and other automated channels it’s challenging to deliver personalized, targeted messages across channels and over time. One-size-doesn’t-really-fit-anyone [...]

I got an update from Tibco recently having last heard from them when I got an update on Spotfire 4. Since then they have partnered with Attivio for supporting unstructured data (4.5), added a new in-memory engine and support for in-database analytics as well as native support for R – the Tibco Enterprise Runtime for [...]

This is the last week for our 2013 survey on Predictive Analytics in the Cloud – Use Cases, Trends and Big Data.  Please go right now and take the survey here – it’s quick , anonymous and you have a chance to win a $100 Amazon gift card. There’s been tremendous growth cloud and predictive analytics both [...]

I have been blogging and writing about the Decision Model and Notation standard on the blog for a while now (check out these posts on the goal of a standard from 2011 and these on the approach and the submission itself). Today was a big day because the key boards at the Object Management Group approved our submission, [...]

I recently spoke at the DREAM event in the Netherlands  – the Dutch Requirements Engineering and Management event. This was a great event, focused on requirements engineering and I spoke on “Simpler, smarter and more agile: Modeling decision requirements to simplify processes and effectively apply business rules.” Here’s the gist of the presentation Business rules are [...]

We would really like your input for our 2013 survey on Predictive Analytics in the Cloud – Use Cases, Trends and Big Data. Back in 2011 we did a survey and associated research on the use of predictive analytics in the cloud. While it may not seem like that long ago, back then predictive analytics was [...]

I am giving an All Analytics Academy session on “Advancing the Art of Business Decision Making” as part of the Big Data Analytics series on October 30 at 2pm ET. The abundance of data and the demand for real-time insights is placing enormous pressure on traditional information management systems. Enterprises need decision management systems that [...]

To become predictive, to use predictive analytics to differentiate a software product, you need to identify the decisions that can be made more profitably, more accurately, more precisely or more reliably. Unless the predictive analytics embedded in your product improve some decision-making then they will offer no real value. At best such analytics will be [...]

I presented today at the TDWI Executive Summit in San Diego on Moving to Real-Time Analytic Decision Making with Decision Management and I thought I would post a few thoughts. The right time to make a decision is increasingly in real time – customers want responses in real time, supply chains must adapt to disruption [...]

One of the questions I asked Andrea Scarso co-founder and COO of MoneyFarm when I interviewed him was “In your experience what are some of the top challenges for analytic professionals in terms of maximizing the business impact of what they do?” In this post I’ll take a couple of his comments and expand on them [...]

We recently sent out a newsletter “Why Analytics Projects need Decision AND Process Thinking” explaining why we see value in modeling both processes and decisions when it comes to analytic projects.  Identifying decisions in business processes doesn’t define decision making. Processes may how when decisions are made. who makes decisions. what information they use an even [...]

There’s a great article over on Computerworld – 12 predictive analytics screw-ups. They asked some of my favorite data miners (John Elder and Jeff Deal of Elder Research, Eric Siegel of Prediction Impact and Dean Abbott of Abbott Analytics) what they saw as the top ways to screw up predictive analytic projects. The list of 12 [...]

My colleague at Decision Management Solutions, Gagan Saxena, has just posted on Designing User Experience with SAP Screen Personas. As he and I have worked more with decision modeling (or decision requirements models as they are sometimes known) we have found more and more uses for them. As you can see from the role of decision requirements modeling [...]

I recently checked out The Evolution of Decision Making – How leading organizations are adopting a data-driven culture, a new white paper from the Harvard Business Review sponsored by SAS: People have long preached the benefits of relying on data and insights from business intelligence (BI) and analytics to help make better and timelier decisions. A reliance [...]

I am giving a 30 minute webinar at 10:30am Pacific/1:30pm Eastern on August 1 on the 4 Ways Decision Modeling Creates a Data-Driven Culture. Decision modeling plays a key role as organizations transition to a data-driven culture. A recent Harvard Business Review survey revealed that data-driven decision-making is taking root in leading organizations and showing a [...]

A new week and a new white paper. This week’s it’s focused on the ROI of SAP’s ABAP Business Rules Management System, SAP NetWeaver Decision Service Management: The business case for SAP NetWeaver Decision Service Management is clear—increased business value, decreased development and maintenance costs, and faster reaction to changing business needs. When business owners [...]