Category Archives: Decision Making

Opinion: Traditional Rule Engines Outlived their Usefulness

Posted on August 5, 2019 by decisionmanagementcommunity

This LinkedIn article “How Traditional Rules Engines Stifle Innovation” states: “AI and advanced analytics are key to life insurance innovation. While the industry tries to make use of these technologies, the insurance application continues to play a central role in … Continue reading →

Posted in Decision Making, Insurance Industry, Rule Engines and BRMS | 1 Comment

Challenge Aug-2019: Stateful Decisioning

Posted on July 30, 2019 by decisionmanagementcommunity

Nowadays it’s not enough for decision making applications to simply execute a complex rules-based transaction, forget about it, and wait for the next one. They should be able to learn from already executed transactions and evaluate new facts as they … Continue reading →

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Posted in Business Processes, Business Rules, CEP, Challenges, Decision Making, Events | Leave a comment

After Software Eats The World, What’s Left? “Decisions”

Posted on June 6, 2019 by decisionmanagementcommunity

A post with this title has been published by Data Decisioning. It refers to Andreessen Horowitz podcast that asks: Is there anything left after software eats the world?  The focus of digitization and automation is on routine work, always in a … Continue reading →

Posted in Decision Making, Trends | Leave a comment

Data Science vs. Decision Science

Posted on May 9, 2019 by decisionmanagementcommunity

Data Science Central posted this interesting comparison: “Data scientist is a specialist involved in finding insights from data after this data has been collected, processed, and structured by data engineer. Decision scientist considers data as a tool to make decisions … Continue reading →

Posted in Data Science, Decision Making | Leave a comment

Similarity in Machine and Human Decision Making

Posted on April 25, 2019 by decisionmanagementcommunity

In his new post “Artificial and Human Intelligence” Alain Chabrier from IBM describes decisions the members of his own  family make while packing for vacation. In simple terms Alain nicely explains how we use 3 major Decision Management techniques (Rules, … Continue reading →

Posted in Business Rules, Case Studies, Decision Making, Decision Optimization, Machine Learning | Leave a comment

RLDM – Reinforcement Learning and Decision Making Conference

Posted on April 16, 2019 by decisionmanagementcommunity

Reinforcement learning and decision making have been the focus of research spanning a wide variety of fields including psychology, artificial intelligence, machine learning, operations research, control theory, animal and human neuroscience, economics, and ethology. Key to many developments in the … Continue reading →

Posted in Decision Making, Events, Machine Learning | Leave a comment

bpmNEXT => Intelligent Automation

Posted on April 15, 2019 by decisionmanagementcommunity

Kris Verlaenen reports from bpmNEXT: “The conference is still called bpmNEXT but the consensus is that the term “Intelligent Automation” seems to cover better what we are discussing.. Traditional flow charts have reached their limits in representing more adaptive requirements … Continue reading →

Posted in Business Processes, Decision Making, Digital Transformation, Events, Trends | Leave a comment

What is a ‘Decision’?

Posted on March 13, 2019 by drbobmoore

Ron Ross, Jacob and I have recently been discussing the March DMC Challenge. In his submission Ron suggests the challenge is a ‘rules problem’ not a ‘decision problem’ and quite reasonably asked me for my definition of a ‘decision’ when … Continue reading →

Posted in Business Rules, Decision Making, Decision Modeling, Decision Models | 3 Comments

Giving Algorithms a Sense of Uncertainty

Posted on March 12, 2019 by decisionmanagementcommunity

MIT Technology Review published this article Giving algorithms a sense of uncertainty could make them more ethical: “Algorithms are built to pursue a single mathematical goal, such as maximizing the number of soldiers’ lives saved or minimizing the number of … Continue reading →

Posted in Artificial Intelligence, Decision Making, Decision Optimization | 1 Comment

Addressing Bottlenecks with Theory of Constraints

Posted on July 26, 2016 by decisionmanagementcommunity

This presentation describes how to improve organizational performance using The Theory of Constraints created by late Dr. Eli Goldratt and explained in his book, The Goal.  The thought behind Theory of Constraints is that in every organizational system, there is one … Continue reading →

Posted in BPM, Business Analytics, Decision Making, Decision Optimization, Most Influential | Leave a comment