James Taylor's Decision Management

James Taylor

To be an intelligent business you must affect results

user-pic
By James Taylor on April 22, 2008 1:39 PM 0 0 Vote 0 Votes

I often post about the weakness inherent in many approaches to business intelligence - this one on getting a competitive advantage, this one on dashboards and this one on moving beyond BI come to mind - so it is nice to be able to recommend an article on analytics and BI. Dave Wells wrote a nice summary on this tpoic Business Analytics – Getting the Point. I highly recommend reading this article and, in particular, there is a great graphic :

This graphic makes a number of things clear:

  • You must take action for intelligence to be useful
  • You must track and analyze outcomes to understand what worked
  • Your results must influence the next actions you take so that you can learn
I think that this means you need more than traditional BI technologies, more than shiny new Business Activity Monitoring tools. You need to move to adopt decision management and related technologies - business rules, executable predictive analytics, data mining and adaptive control. Only then can you move not to actionable insight but to insightful action.
BTW, Dave has a channel on b-eye network and, as of today, so do I. Check it out here.

Categories: , , ,
More Articles:

« Win a camera by talking about rule bases | Main | Data - streaming or at rest »

No TrackBacks

TrackBack URL: http://www.ebizq.net/MT4/mt-tb.cgi/13312

Leave a comment

Recent posts from our Blogs

A blog about the use of decision management technologies like predictive analytics and business rules to deliver agility, improve business processes and bring intelligent automation to SOA.

James Taylor

James Taylor blogs on decision management for ebizQ, and is an independent consultant on decision management, predictive analytics, business rules, and related topics.

Sponsored Links

Fico

Subscribe

 Subscribe to this blog by RSS
Subscribe by email:

Recently Commented On

Recent Webinars

    Recent News

    Tag Cloud

    action, adaptive control, agile, agility, alignment, analytics, application development, BDM, bi, BI, bpm, BPM, bpms, BRE, bre, BRMS, brms, busines rules, business agility, business alignment, business analyst, business analytics, business intelligence, business process, business process management, business rules, business rules engine, business rules forum, business rules management, business rules management system, business user, case management, CEP, change, collaboration, competency center, complex event processing, compliance, consumer, context, customer experience, customer-centric, data, data mining, decision, decision agent, decision automation, decision engine, decision making, Decision Management, decision management, decision model, decision service, decision support, decision table, decision tree, decision-centric, decisioning, declarative, development, domain specific language, drools, dsl, eda, EDM, enterprise applications, event processing, extreme personalization, financial services, gartner, hard coding, IASA, In Database Analytics, inferencing, insurance, intelligence, intelligent agent, interaction, jboss, kpi, legacy, legacy modernization, location, mainframe, marketing, MDE, metrics, micro decision, mobile, model-driven, modl, multi-channel, operational BI, operational decision, optimization, pattern, performance management, personalization, Pervasive BI, predictive analytics, predictive enterprise, predictive model, process, programmer, programming, real-time, recommendation engine, report, requirements, retail, rete, rule set, rule sheet, SAP, scenario, semantics, Sensor, service, simulation, smart (enough) systems, smartenoughsystems, smarter systems, SME, soa, software development, statistics, strategic decision, tactical decision, Teradata, traceability, transparency, use case, visualization,

    Monthly Archives

    Blogs

    ADVERTISEMENT