What does Leo Tolstoy’s War and Peace have to do with Decision Analytics?

warandpeace“While Leo Tolstoy’s War and Peace is a critically acclaimed story of life, love, and loss, for even the most avid bookworms the thought of reading this lengthy tome from start to finish is more of a millstone than a milestone. Indeed, at 1,225 pages (that’s over 587,000 words) it’s a book that many people talk about but very few have actually read or finished.
The big data analytics narrative is similar. While this ground-breaking technology is firing the imagination of Supply Chain and Revenue Management professionals everywhere, most of them seem to be ‘talking the talk’ rather than actually ‘walking the walk’.” Read more at this article written by David Simchi-Levi.

Posted in Business Analytics, Optimization | Leave a comment

The Right To Be Forgotten

righttobeforgottenYou’ve probably heard about “the right to be forgotten” according to which Google has to delete search results about you, if you ask them to. “According to a new General Data Protection Regulation of the EU, the right to be forgotten means that a data subject (user) can request the deletion of his data from any data controller (which includes web sites), and the data controller must delete the data without delay. Whether it’s a social network profile, items sold in online shops/auctions, location data, properties being offered for sale, even forum comments.” Read more

Posted in Misc | Leave a comment

NEOS Server: State-of-the-Art Optimization Solvers

optimizationThe NEOS Server (Network-Enabled Optimization System) is a free internet-based service for solving numerical optimization problems. Hosted by the University of Wisconsin in Madison, the NEOS Server provides access to more than 60 state-of-the-art solvers in more than a dozen optimization categories. The NEOS Server offers a variety of interfaces for accessing the solvers, and jobs run on distributed high-performance machines. The NEOS Server is available free of charge for everyone, anywhere in the world.

Posted in Optimization, Products | Leave a comment

Why People Stumble on Aug-2016 Challenge

On August 1 we published a new challenge unknownGreeting a Customer with Unknown Data” and until today we haven’t received even one solution. Why? Is it because of August’s vacations? We suspect that this “simple” challenge is much more difficult than it looks like. Many real-world decision models deal with similar problems: they have to produce a meaningful outcome even when expected input is not available.
Will DMN’s recommendation to use “null” for unknown values be sufficient and still business friendly in such situations? We challenge BR&DM vendors and practitioners to provide their solutions. 

Posted in Challenges, Decision Models | Leave a comment

Remember When People Laughed at the ATLAS Robot? WHO’S LAUGHING NOW?!

atlasrobot“It seems like just yesterday that ATLAS was stumbling over a simulated debris field, and now we see it balancing on one foot on the edge of a thin sheet of plywood. It’s like putting a crawling infant on the ground for a few seconds while you tend to something else, and then turning back to find it asking for your car keys so it can go to the mall, or join the Army.” Think how many decisions it requires to be made. Read and watch the latest robotics progress here.

Posted in Trends | Leave a comment

What is Blockchain? Part 1

Blockchain technology may revolutionize the world. A decision management expert Dan Selman promises to explain the technology in his blog-posts. The Part 1 provides a simple introduction with a smart contract example:  Continue reading

Posted in Trends | Leave a comment

Business Processes Are Learning to Hack Themselves

Automated process change comes in three main flavors: self-adapting, self-repairing, or a combination of the two. Some organizations are already deploying elements of process change automation using machine learning, while others are developing technologies that lay the foundation for it. See examples of companies leading the charge in this Harvard Business Review.

Posted in BPM, Business Analytics | Leave a comment