How to Succeed with AI: James Taylor’s advice

Posted on November 13, 2017 by decisionmanagementcommunity

James Taylor just published a new post about AI: “AI is a decision-making technology. As such it is a powerful complement to Decision Management – something to be considered alongside business rules and analytics, and integrated into a coherent decision model. ” To succeed with AI, he recommends: 1) Get management support; 2) DON’T put technologists in charge; 3) Focus on the decision not AI; 4) Make sure you focus on change management. Read more.

Posted in Artificial Intelligence, Decision Modeling | Leave a comment

Averaging Risk is Risking the Average

Posted on November 6, 2017 by decisionmanagementcommunity

“Regulators must assess risk in many different areas. Banking has been top of mind in the past years, but industries like Pharma and Utilities also had a lot of attention. How a regulator decides to measure and asses risk is very important. If risks are underestimated, this could impact society (like a banking crisis, deaths due to the admission of unsafe drugs or increase of injuries due to pipeline failures). If risks are overestimated costly mitigation might be imposed, again impacting society with high costs.” A monetised risk approach that estimates risk with averages is insufficient as it ignores important extreme values. What is a better way of aggregating uncertainties and risks than just averaging them? Read more in this interesting article by John Poppelaars.

Posted in Business Analytics, Case Studies | Leave a comment

About DecisionCAMP-2018

Posted on November 2, 2017 by jacobfeldman

The DecisionCAMP-2017 became a major technical decision management event of 2017. Next year DecisionCAMP will be held in Luxembourg in the mid of Sep-2018. We will join the Logic for AI Summit that will bring together several international conferences and workshops covering a wide range of topics in artificial intelligence, rule-based reasoning, decision making, machine learning, machine regulation and machine ethics. Plan to attend and see the initial flyer of the event.

Posted in Artificial Intelligence, Decision Modeling, Decision Optimization, Events, Machine Learning | Leave a comment

Is it time to kill the web?

Posted on November 1, 2017 by decisionmanagementcommunity

“For the first time, a meaningful number of developers are openly questioning the web platform. Here’s a representative article and discussion. Here’s another. Yet another. I could list more but if you’re interested enough in programming to be reading this you’ve already read at least one hilarious rant this year about the state of modern web development. This is not one of those articles. I can’t do a better job of mocking the status quo than the poor people who have to live it every day.” Read more in the Mike Hearn‘s article.

Posted in Trends | Leave a comment

RETE Goes GNU

Posted on November 1, 2017 by decisionmanagementcommunity

According to James Owen, “Dr. Charles L. Forgy, the original inventor of Rete algorithm has released his invention into the wild.  Not just the original Rete but Rete-NT, the latest and greatest!  Yes, you read that right!  Rete-NT is now available for download from PST on the GNU license.” Read more

Posted in Rule Engines and BRMS | Leave a comment

Five Categories of AI APIs Available Today

Posted on October 31, 2017 by decisionmanagementcommunity

AI-5categoriesBuilding AI applications is hard work, but cloud vendors are making it easy by exposing simple-to-call, pay-as-you-use APIs. This Forrester’s article lists 5 categories of AI APIs available today: Continue reading →

Posted in Artificial Intelligence | Leave a comment

Challenge Nov-2017 “Soldier Payment Rules”

Posted on October 26, 2017 by decisionmanagementcommunity

Our Challenge Nov-2017 asks you to help to assemble a payment timeline for a soldier that shows his/her hourly pay rate in any given time period. The payment rates depend on soldier’s rank, profession, service type, unit, and participation in combat. Use any BRMS or DMN tool and submit your solution to DecisionManagementCommunity@gmail.com.

Posted in Challenges, Decision Models | Leave a comment

DM Vendors: update your product profiles

Posted on October 26, 2017 by decisionmanagementcommunity

The fall is time for major annual conferences (like BBC-2017) and for potential customers making product purchasing decisions. We want to remind vendors of all decision management tools to update their profiles in the Live Product Catalogs:

Posted in Products | Leave a comment

The bidding war for AI talent

Posted on October 23, 2017 by decisionmanagementcommunity

“Well-known names in the A.I. field have received compensation in salary and shares in a company’s stock that total single- or double-digit millions over a four- or five-year period. And at some point they renew or negotiate a new contract, much like a professional athlete. Salaries are spiraling so fast that some joke the tech industry needs a NFL-style salary cap on A.I. specialists” NYTimes, 10/22/2017

Posted in Artificial Intelligence, Trends | Leave a comment

Classification Schemes for BRMSs

Posted on October 22, 2017 by jacobfeldman

“Business Rules Management Systems (BRMSs), business rules engines, knowledge management systems, expert systems, predictive analytics systems, and decision management systems are only a few of the terms which are currently used to refer to software packages used to specify, execute and manage business logic (business rules, decisions / knowledge). A very important question which then immediately arises is: How can business logic management systems be classified? This classification can be very important for organizations since it can support them during the selection process of a BRMS.” Read more here and here. See also product catalogs.

Posted in Rule Engines and BRMS | Leave a comment