Category Archives: Trends

Using R Language for Decision Modeling

Posted on September 2, 2015 by decisionmanagementcommunity

The R is a highly popular free programming language that provides a powerful array of development tools in the numeric analysis and machine learning spaces. With growing popularity of business analytics in general, the popularity of the R language can only be … Continue reading →

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Now Comes “Optimization Analytics”

Posted on August 18, 2015 by decisionmanagementcommunity

Along with descriptive, diagnostic, predictive and prescriptive analytics a new term “Optimization Analytics” was proposed in the just published article “Optimization Analytics Comes to the Mass Market” by Robert Kugel.  Here are a few extracts: 

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Funny and Not So Funny Decision Trees

Posted on August 14, 2015 by decisionmanagementcommunity

You may find many everyday decision tree examples at http://www.nickmom.com/decision-trees/. Also read FICO’s post “Why Businesses Need Decision Trees“.

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The Purpose of Analytics

Posted on July 30, 2015 by decisionmanagementcommunity

Jean-Francois Puget from IBM (ILOG) published an interesting article that in particular says: “The purpose of an analytics solution is to enable business decisions based on data.  It does not necessarily mean that such solutions must compute decisions.  It means that whatever … Continue reading →

Posted in Business Analytics, Decision Models, Decision Optimization, Rule Engines and BRMS, Trends | 1 Comment

Cognitive Architecture Attributes by Tom Davenport

Posted on July 24, 2015 by decisionmanagementcommunity

This month Tom Davenport posted a new article at LinkedIn “Building Your Cognitive Technology” exploring cognitive technologies that “automate aspects of decision-making processes”. He shares key attributes of the emerging cognitive architectures:

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Being Agile with Rule-based Standard Software

Posted on June 27, 2015 by decisionmanagementcommunity

Silvie Spreeuwenberg, a known authority in business rules, published a LinkedIn article that puts in question a need for general purpose BRMS and gives the preference to business rules incorporated in specialized software products such as SalesForce.  

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Event Driven Architecture and Decision Management

Posted on June 1, 2015 by decisionmanagementcommunity

Dan Selman and Andy Ritchie from IBM just published an interesting paper “Event Driven Architecture and Decision Management“. It is for enterprise architects considering putting in place an event driven architecture that will incorporate aspects of event processing, analytics, situation detection and … Continue reading →

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BRMS Shift to Decision Modeling

Posted on May 20, 2015 by decisionmanagementcommunity

More and more BR vendors these days use the term BDRMS instead of BRMS. Recently FICO rebranded its flagship BRMS solution to “Decision Rules Management System” (replacing “business” with “decision”).  Even the major annual BR event now is called “Business Rules and … Continue reading →

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