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Book Reviews: Good to Great, Creative Destruction

Two more book reviews, "Good to Great" and "Creative Destruction" Good to Great first. This book will (probably) terrify you if you work. Clearly outlining critical characteristics of super-successful companies it show over and over again why most companies are...

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New "Retail" Category Started in the EDM Blog

There are more than 500 retailers worldwide with revenues in excess of $1 billion. Their use of predictive analytics, business rules, and decision automation varies widely. Some of them - such as Best Buy - make extensive use of advanced...

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Predictive Analytics: Aisle 3

(Posted by Guest Blogger, and ardent shopaholic, Ian Turvill.) It's that time of year again, when we're supposed to make predictions about what the New Year will bring us. And apparently, I'm not alone in that belief, since Susan Reda,...

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Using business rules to write maintainable code

Reddit pointed me to this post on "Writing Maintainable Code" by Jeremy D. Miller over on CodeBetter.com. It's a nice article and I look forward to reading the rest of his posts on this topic.There's lots of good stuff but...

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Book Review: Data Mining Techniques

I am getting caught up on book reviews over the break. Today's is Data Mining Techniques by Berry and Linoff. This is one of the classic works on data mining and well worth the read.I really liked the book both...

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A Short History of Bad Decisions

(Posted by the most mischievous elf of all, Ian Turvill.) James just informed me that he had DECIDED to make me a full guest author on his blog. Apparently he thinks that I've been well enough behaved that he doesn't...

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It's Christmas: Time to Talk about Wars

(Posted by Guest Blogger, and James's little helper elf, Ian Turvill.) I posted earlier this year about a keynote speech delivered at the ISOTECH conference. In it, I relayed how Frank Coyne, Chairman and CEO of ISO stated: "...breakthroughs in...

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Here's a way to take advantage of mobile devices

I saw this post by David Raab over on his blog - Business Intelligence on Smart Phones: Not Just Humbug. Like the author of the original article to which David refers (Power Of A Data Warehouse In The Palm Of...

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Book Review: Execution. The Discipline of Getting Things Done

Over the weekend I finished "Execution. The Discipline of Getting Things Done" by Larry Bossidy and Ram Charan. This book is a succinct summary of all that is wrong in many companies. Larry and Ram analyze many of the most...

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A media story

Some time ago I posted a comparison of how a bank operated with how an EDM process might work (A banking story). Thanks to a friend I have another example is this genre - this time from the news media....

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Marketing to (and with) algorithms with EDM

Ian, my fellow blogger here at edmblog.com, pointed me to this article You Must Market To Algorithms, Not Just People. The article nicely summarized the growing role of algorithms in marketing and, as predictive analytics and even rules can be...

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Book Review: The World Is Flat

I have just finished reading "The World Is Flat" by Thomas Friedman. Firstly a health warning - it's a REALLY long book. Even skimming some sections it took me a long while to read it. Overall it is a good...

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Using EDM to deliver competitive productivity

A friend (Hi Ken) referred me to this post about search by David Berlind. Now while I think unstructured text in decision automation and Enterprise Decision Management or EDM is going to be more and more important and while I...

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Mirror, mirror on the wall...

Mirror, mirror on the wall, who is the fairest insurance technology vendor of them all? Well now you can vote and tell the editors of Insurance Networking News along with the research directors at Financial Insights, an IDC Company. They...

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Shameless Commerce - a blog discount (especially for Europeans)

If you've been following the blog for a while you will know that I am going to be speaking at Fair Isaac's show InterACT in Lisbon in late February - you can find out more on the InterACT page. I...

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Here's a way to make better Christmas decisions

My colleague Darcy made a great suggestion yesterday about using the Fair Isaac Christmas card to illustrate the ways in which analytics can improve decision-making So, if Ian's post about the card did not make you go check it out,...

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Book Review: Making Robust Decisions

I just finished reading Dr David Ullman's new book, "Making Robust Decisions". The book is a discussion of the challenges of making complex decisions, especially those with alternatives and uncertainty, and a methodology/software platform for approaching these kinds of decisions....

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Mr. Scrooge Would Approve

(Posted by Guest Blogger and Eco-Warrior, Ian Turvill.) James: A Letter at Holiday Time Don't you think we should tell our readers about the new Fair Isaac e-Card? Ordinarily, I would think this counts as "shameless commerce", but in this...

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Using business rules to avoid "Write-only" code

I found out about this post about 20 rules for a software project by reading a post about it on the Tyner Blain blog. There was a great expression in the second posting where they talk about "write-only" code or...

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The challenge for Enterprise Applications

Nothing sparked a blog posting today so, in the interest of not neglecting my readers, I thought I would post some thoughts on Enterprise Applications In general Enterprise Applications rely on human intelligence - Humans must use dashboards and reports...

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Those who know first, win - NOT!

I saw an ad today, for a well known enterprise application vendor's alliance with a chip company, that had the headline: Those who know first, win and all I could think of was how wrong this was. What good does...

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Nice article on statistics and data mining

Kathy Lange of SAS wrote a nice introductory article on statistics, data mining and predictive analytics for DM Review this month. Check out the Predictive Analytics FAQ if you want some additional information.

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Does Fox TV need a rules engine?

I was at the gym the other day (no, really) and watching TV. I'm not a TV watcher at home so the gym is the rare time I actually see any TV. As Fox Sports went to an ad break...

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Here's how one company is using business rules to manage advertising pricing

One of the challenges for a newspaper, magazine or TV channel is how to generate precise ad prices quickly in high volume and extremely complex situations. In many of these situations the volume and contractual complexity makes it hard, if...

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Is it scary to allow machines to "make decisions"?

I saw this article today - Phila. getting software to predict who might kill - to which there was some interesting reaction that made me want to comment. Firstly some quotes from the article: Initial research suggests the software-based system...

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Here's a way someone is using enterprise decision management in mortgage

A colleague of mine (thanks Mark) pointed out this use of enterprise decision management in the mortgage industry - First American Real Estate Solutions' Vector platform. This platform, described as a "collateral valuation and risk management decisioning engine" has all...

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Enteprise Fraud Management requires Enterprise Decision Management

Rodney Nelsestuen over at Tower Group recently wrote this piece "Fraud Management: Covering the Basics, Extending the Value". There was a lot to like in this report and, if financial services fraud is something you care about, I highly recommend...

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