Progressive Financial Services Firms Demonstrate the Value of Predictive Analytics; Decision Services Offer a Path for Others to Follow

Yesterday an article I wrote about Decision Services appeared in the online edition of DM Review’s December 2007 issue ("Decision Services: Pragmatic Real-Time Analytics"). In it, I describe how Decision Services, by providing a framework for managing both business rules and analytics, can pave the way toward adopting predictive analytics.

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It’s OK to “ignore the man behind the (predictive analytics) curtain” with EDM

The title of this post includes a quote from the film, “The Wizard of Oz,” when Dorothy’s dog Toto draws back a curtain revealing the “real” wizard (a man) pulling levers and pushing buttons to illuminate a frightening hologram of a smoky and not too nice false wizard. The jig is up, and the wizard is exposed for what he is, just a man. If only the same could be said of the experts driving data mining and predictive analytic software in today’s leading companies.

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How can your decision services get new experiences?

(Posted by guest blogger, James Taylor) I recently started reading an interesting new blog - the Decision Strategist - and saw a post titled New Experiences Improve Decision Making. It was an interesting (if short) post that made the critical...

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Decision Management at the Heart of Future Enterprise Applications, so Says Forrester Research

Respected technology prognosticators John Rymer and Connie Moore of Forrester Research just published a new paper titled, “The Dynamic Business Application Imperative” (September 24, 2007, For CIOs). Rymer and Moore envision a new generation of enterprise application that some IT organizations today are cobbling together in order to meet ever changing business, technical and marketplace requirements.

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Metrics, metrics, metrics

Akash recently posted a comment and asked me a question - what metrics to consider to see how the use of business process management systems (BPMS) and business rules management systems (BRMS) can help the insurance industry compared to non-BPMS/BRMS....

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Live from InterACT: How to Calculate Your Decision Yield

(Posted by Guest Blogger, Ian Turvill. Given that I have so far posted nothing, and James has been posting like a madman, he pointed out to me last night that I was lagging dramatically behind. So here's a small step...

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Adaptive Control: Decision Analysis

Continuing (and completing) the series on Adaptive Control: Why do you need Adaptive Control? What's a basic technology approach for Adaptive Control? What is Champion/Challenger? What is Experimental Design? How do I do Decision Analysis? - This Post Decision analysis...

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InterACT Lisbon - Decision Yield (and an EDM Methodology)

John Sandifer, Joe LaLuzerne and Ian Turvill presented on both the EDM methodology that Fair Isaac has assembled from its experience and the concept of Decision Yield. Joe went first walking through the methodology. He emphasized the need for upfront...

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Business Intelligence: What Are You Thinking?

(Posted by Guest Blogger, and BI Skeptic, Ian Turvill.) I'm working in London today, ahead of next week's InterACT Conference in Lisbon, and I've been so busy juggling responsibilities across time zones that, first of all, I deleted my daily...

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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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