Category Archives: Business Analytics

From “Decision Support” to “Reengineering Decision Making”

In Nov-2020, Gartner published a report ‘The Future of Data and Analytics: Reengineering the Decision, 2025’. It stated, “Decision making is becoming more connected, more contextual and more continuous. The current state of decision making is unsustainable. We define reengineering … Continue reading

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User-Facing Analytics

There is an increasing need to unleash analytical capabilities directly to the end users to democratize decision making. This “User-Facing Analytics” is a new frontier that will shape the products of tomorrow and push the limits of existing technology. It … Continue reading

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Businesses Require Better Goal Management

Jim Sinur: “Better goal management requires a new level of transparency and communication capabilities than in the past and follows a consistent goal cycle. While there still will be the issue of variations by legal system and location, the adaptation … Continue reading

Posted in Business Analytics, Business Processes, Business Rules, Digital Decisioning | Leave a comment

AI is not equal to ML

Alain Chabrier from IBM Decision Optimization team in his Medium.com article argues that not only “AI != ML” pointing to the difference between Data-driven and Knowledge-driven decision models. He even claims that “Decision Optimization has more impact on the real … Continue reading

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Decision-Driven Data Analytics

“Data analysts often fail to produce insights for making effective business decisions, but that’s not their fault. Data-driven decision-making anchors on available data. This often leads decision makers to focus on the wrong question. Decision-driven data analytics starts from a proper … Continue reading

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Common Misconceptions About Analytics

In her Aug 14 post, Cassie Kozyrkov, the Head of Decision Intelligence at Google, analyzes three common misconceptions about analytics: Analytics is statistics. (No.) Analytics is data journalism / marketing / storytelling. (No.)  Analytics is decision-making. (No!) and then describes … Continue reading

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Forrester’s Report “Digital Decisioning Platforms”

Forrester just published a new report “Introducing AI-Powered, Human-Controlled Digital Decisioning Platforms“: Digital decisioning platforms (DDPs) allow application development and delivery (AD&D) pros to combine the best of human decision logic with the best of AI to implement application-embedded automated … Continue reading

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Planning Analytics + Decision Optimization

Alain Chabrier from IBM discusses how Planning Analytics and Decision Optimization can complement and benefit from each other and introduces some ways to start integrating them. Link

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Dichotomy between Machine Learning and Business Rules

Prof. Hafedh Mili published an article “On the fallacy of the dichotomy between analytics/machine learning, and business rules“. The main points are: We have been there before Business rules rely on analytics If you need to explain your decisions to someone, you need business rules … Continue reading

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Neil Raden: “Before the world went analytics crazy…”

Neil Raden: I’m re-posting an article I published six months ago about Process Intelligence a.k.a. Process Mining. I’ve been getting a lot of questions about this lately. “Is Process Intelligence (Mining) a distinct discipline from analytics?” Link 

Posted in BPM, Business Analytics, Business Processes | Leave a comment