Decision Management Solution Blog
Webinar: Best Practices in Targeted Legacy Modernization in Government
I am giving a webinar on Best Practices in Targeted Legacy Modernization in Government March 5, 2014 at Noon Eastern with Claye Greene, MD of government solutions provider and Decision Management Solutions partner TechBlue.
Many government organizations are coping with aging legacy systems that are costly to maintain, difficult to change and lack the modern architecture needed to satisfy today’s consumer. Instead of trying to replace an entire system with the high risks and costs involved in such a project, these government organizations are instead adopting a decision management approach and business rules management systems to target their modernization efforts where they have the biggest impact.
In this live webinar we’ll share know how and best practices from their extensive experience helpi
Mckinsey, analytics and decision models
There was an interesting article from McKinsey this month – The benefits—and limits—of decision models – by Phil Rosenzweig.
As Phil points out using models (and he is talking about analytic models) helps avoid common biases that undermine leaders’ judgments such as over confidence, a focus on recent data etc. And I would add not just leaders – it also helps avoid the biases of staff throughout the organization. In fact the examples – credit card fraud (not really a recent application but still a great one), loans,pricing, insurance – are not made by “leaders” at all but by front line workers or automated systems. They are operational decisions and the value of using analytic models in these decisions is, if anything, even greater as the people concerned have less time to d
Still time to register for our Decision Modeling online training
If you are interested in decision modeling and in the new Decision Model and Notation standard there’s still time to come to this quarter’s online training. We are running our highly recommended online Decision Modeling training live and online February 18, 19, 20, 2014 from 10:00 AM PT / 1:00 PM ET to 11:30 AM PT/ 2:30 PM ET. Decision modeling is fast becoming the definitive approach for specifying requirements for business rules and predictive analytic projects. This 3-part online live training class will prepare you to be immediately effective in a modern, collaborative and standards-based approach to decision modeling.
It’s just $650 and you can pay by credit card – register here.
Cross-posted from JTonEDM.
Some Friday Data Analyst Humor
If you are a data analyst, data scientist, data miner or other analytics professional you should see this.
Thanks to @jimsterne for sharing!
Cross-posted from JTonEDM.
Compliance in Finance – An Interview with Jan Purchase – Part 2
Welcome to Part Two of my interview with Jan Purchase, Director and Co-Founder of LuxMagi (Part One of the interview is here). Lux Magi are experts in helping their clients automate complex, legal and regulatory compliance processes using business rules technology and decision management. Jan and I are also giving a webinar on Agile and Cost Effective Financial Compliance: Going Beyond Business Rules with Decision Management February 13, 2014 at 10:00 am EST.
How does Decision Management address compliance challenges beyond what business rules technology offers?
The operational checks and actions required when processing trades, positions and instruments mandated by regulatory strictu
Decision management and cloud as a platform for predictive analytics
The recording and presentation our recent webinar, “Decision Management and Cloud as a Platform for Predictive Analytics” is now available on slideshare and our OmNovia webinar channel. Decision management’s systematic embedding of predictive analytics into automated decision-making systems complements cloud technologies and maximizes the value of predictive analytics. [slideshare id=30685871&doc=decisionmanagementandcloudasaplatformforpredictiveanalytics-140131182435-phpapp01] Click here to watch the webinar. […]
Build compliance into every process, every system with Decision Management
I was pointed to a blog post today from the folks at Forrester talking about their Governance Risk and Compliance Platform wave report. In an era of increasing regulation and increasing costs for compliance failures, these kinds of platforms are clearly important. These platforms help you manage documentation, track overall levels of risk, generate required reporting, identify […]
White Paper of the Week: Decision Modeling with DMN
If you have been following the new Decision Model and Notation standard and want to understand a little more about how to do decision modeling using the approach, check out our white paper Decision Modeling with DMN. This white paper describes the four iterative steps to complete a Decision Requirements Model using the forthcoming Decision Model and Notation standard recently adopted by the Object Management Group as a beta standard. Decision modeling is a powerful technique if you are adopting business rules, working with predictive analytics or trying to specify requirements for decision-making. Contents include:
- Why Model Decisions
- How To Do Decision Modeling
- Identify Decisions
- Describe Decisions
- Detailed Decision Requirements
- Decompose and Refine the Model
- Generate a Requirements Document
- Appendi
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