What’s New in DMN 1.2

On June 1 Denis Gagné shared a presentation that summaries  the recent work done by the DMN Revision Task Force and what is new in DMN 1.2. Link

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The People Vs Tech

A new  book The People Vs Tech by Jamie Bartlett is “an enthralling account of how our fragile political system is being threatened by the digital revolution. Bartlett explains that by upholding six key pillars of democracy, we can save it before it is too late.” You may get a brief from this interview with the author.

Posted in Artificial Intelligence, Human-Machine Interaction, Misc, Trends | Leave a comment

Lifetime Achievement Award at DecisionCAMP-2018

This year for the first time one of the major contributors to Business Rules and Decision Management movement will be presented with the Lifetime Achievement Award during DecisionCAMP-2018.  The attendees will also vote for the “Most Influential DM People” – you may suggest your nominees to this list until Sep. 16 from here.

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“Pay as You Go” Car Insurance

Ontario is getting Canada’s first ever “pay as you go” car insurance that gives drivers the power to monitor how much they drive and pay for their premium based on mileage. The new program is powered by a telematics device that is plugged into the vehicle and connects to a mobile app or web portal. The app then allows motorists to track how much they are driving and to pay for auto insurance based on that mileage. The new system will be most beneficial to low-mileage drivers. Are insurance provides ready to compete with new insurance products like this? Certainly BR&DM tools with be handy to assist them in creation of new premium calculation systems.

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Bias and Noise: Daniel Kahneman on Errors in Decision-Making

Prof. Daniel Kahneman was awarded a Nobel Prize for his work on the psychology of judgment and decision-making. Read this interview with him about human/machine collaboration. Here is only one quote: At an insurance company, we measured what is technically called noise, and we did that in the following way: We constructed a series of six completely realistic cases that were given to 50 of their underwriters. We wanted to determine how much variability there was in their funding decisions. We expected differences between 10% and 15%, but in fact, they disagreed about 56% of the time. That’s a lot of noise… If you allow people to override algorithms, you lose validity because they override on the basis of their impressions, which are biased, inaccurate, and noisy. Decisions may depend on someone’s mood at the moment. For a job like underwriters, a simple algorithm can do just as well. Link1 Link2

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CUI – Conversational User Interface

Here are a few quotes from an interesting article “State of the conversation” written by Paul Campillo:  Eight trillion. That’s the number of text messages sent every year. For the record, that’s 23 billion texts sent every day. Or almost 16 million per minute. Talking computers. Conversational machines. “Smart” phones with virtual assistants. How did we get here? Where is all this heading? Today, there’s another fascinating technology trend propagated by film and literature. As it gains serious traction, it’s redefining how humans interact with technology forever—the conversational user interface (CUI). Will not Rules&Decisions play a key role in building intelligent CUIs?

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June-2018 Challenge “Credit Card Application”

More than 4 years ago on Jan 8, 2014 Nick Broom published one of the first real-world decision model “Credit Card Application” with an objective to demonstrate the newly introduced DMN standard version 1.0. Now, when many vendors announced their support for DMN, we want to use this simple model as June-2018 Challenge to compare different implementations using the best DMN practices and the latest versions of your favorite BR&DM tools.

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