Tom Davenport had a great article recently on Data Informed – “Printing Money” with Operational Machine Learning. His intro paragraph is great: Organizations have made large investments in big data platforms, but many are struggling to realize business value. While most have anecdotal stories of insights that drive value, most still rely only upon storage cost [...]
performance management
Last day of blogging from Building Business Capability and the first topic is modern business architecture with Gagan Saxena, VP of consulting at Decision Management Solutions, and Andrew Ray of Goldman Sachs. The presentation is focused on a new approach to business architecture to address problems in the legacy approaches – one that connects business at rest to business [...]
I am giving a webinar November 20 [New Date] at 11am Pacific/2pm Eastern with Information Management magazine on Analytics Maturity Curve or Landscape? What’s the difference between the various analytic capabilities? How do I map available analytic capabilities to my business needs? What’s the right combination of capabilities for me now and in the future? [...]
Beth Smith and Fred Balboni kicked things off at the IBM Big Data & Analytics Summit. IBM has been making big investments in data, Big Data and analytics. Increasingly they see customers using data for competitive advantage in new ways, taking advantage of the cloud for development and deployment. In particular they see their customers using [...]
The old way Few organizations treat their decisions as first class objects. Business analysts don’t write requirements for them while enterprise architects don’t include them in their patterns. Organizations may invest heavily in technology to improve decisions such as Business Intelligence or predictive analytics, but they don’t know which decisions they are hoping to improve [...]
We recently released The Decision Management Manifesto. In previous posts I explained why we did this and why decisions are important. This week I want to talk about the technologies involved in Decision Management. Most organizations will find that adopting Decision Management requires them to adopt some new technologies. Managing and automating business decisions is different [...]
Adaptive Planning was founded just over 10 years ago to deliver cloud financial planning solutions. They have about 1,600 customers across all industries in 80 countries with about 400 partners worldwide. Focused on management planning, reporting, consolidation and analysis they are increasingly in use beyond the finance organization, moving into sales and other operational areas. [...]
Information Management just published my latest column – Performance Management or Just Performance Monitoring? I am often struck by the investments companies make in monitoring their performance without any matching investment in being able to manage the systems that drive that performance. Decision Management and Performance Management should be a pair, driving true business cockpits. Enjoy.
Bob Picciano and Les Rechan came up next to discuss Big Data and Analytics: Fueling Competitive Advantage in the New Era of Smart. Five years ago IBM launched the Smarter Planet initiative. On a smarter planet, they say, everything is connected and instrumented and this is reflected in the explosion of Big Data. To drive value [...]
I got an update from Aha! recently on their Aha! Analytics Platform. Aha! believes that organizations must embed and automate analytic disciplines at the operational level so that people running the business day to day can apply analytics. To deliver on this they have been expanding their analytic platform capabilities, supporting big data and more. [...]
Day 2 at the IBM Analytics Summit a little more restricted in terms of blogging with more content under NDA. The first session was an overview of the IBM analytics strategy. IBM’s Business Analytics Strategy involves solutions for customer analytics, performance management and risk analytics built on capabilities for personal analytics, Decision Management and Big [...]
Some time back I wrote Here’s how decisions and rules relate (and how to manage them) and it seemed to me that this could do with being repeated with small updates. One of the questions I get often is around how decisions and business rules relate. Business rules are, after all, one of the core technologies [...]
2011 has been a great year for market awareness of Decision Management as an approach and of the value of Decision Management Systems. Product, partnership, acquisition and funding announcements have enhanced the available technology. As vendors continue to improve and enhance their product offerings to fully support Decision Management this is only going to reinforce and further [...]
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 [...]
SAS 9.3 shipped a couple of months ago and it included an update of SAS Model Manager 3.1. Model Manager (reviewed here) is a product for managing the analytic model lifecycle once a model is built – validating, deploying, monitoring and retraining predictive analytic models. Model Manager is designed to help with some of the [...]
Brian McDonough of IDC talked about the drivers for pervasive BI in organizations. He identified various metrics for measuring pervasiveness. Each of these could be assessed (from beginner to expert for instance) to see how well an organization is doing. Data Update Frequency Percent of Power Users Degree of Internal Use Degree of External Use [...]
IBM clearly realizes that people, process and technology all must go together to deliver value. This means that clients need both software and services and was the subject of this next session. Business Analytics and Optimization is a segment that crosses hardware, software and services at IBM. IBM is committed to growing this business from [...]
A panel of customers (TXU Energy, Pfizer, NY State Dept Taxation and Finance – one of my favorite Decision Management stories and included in this white paper for instance) discussed how to link processes to performance management with Daryl Plummer of Gartner and the folks from ebizQ. No attempt to make a coherent story, just [...]
Nancy Pearson and David Farrell kicked off the main event. 8,000 people at IBM IMPACT apparently and Nancy introduced the key themes – helping companies optimize for growth and focus on delivering results. The topics are based on a continued focus on getting business and IT to work together (a key theme of Decision Management [...]
Warning, long post follows – SAS has a lot of products and even this summary was a lot. A big session on the product portfolio – 2010 and 2011 highlights in some specific focus areas. New releases in 2010 included: Customer Link Analytics – released in Q1 this product focused on using links between customers [...]
