Enterprise Decision Management - a Weblog

Live from InterACT - Mark Greene's Keynote

(Posted by guest blogger, James Taylor) As Mark is the CEO of Fair Isaac I thought I would blog this one over on this blog rather than on the Smart (enough) Systems blog where the rest are going to be....

Some thoughts on BI and analytics in retail banking

(Posted by guest blogger, James Taylor) Late last year the folks at Datamonitor published Business Intelligence in Retail Banking (Review Report). I finally got to read it today and it is, overall, a very interesting paper and I recommend it...

Banks need more than workflow

(Posted by guest blogger, James Taylor) I was pointed to a new site this week - Gonzo Banker - and in particular to this article on Workflow: The Killer App. While I enjoyed the article, I do think that the...

Gartner’s 2008 Predictions Include Bright Future for Enterprise Decision Management

Gartner recently issued two “Predicts: 2008” reports highlighting their expectations for Enterprise Architecture and the Business Process Management Suites (BPMS) Market. Both recognize noteworthy and highly complementary trends reflecting the value of Enterprise Decision Management (EDM), particularly Business Rules Management Systems (BRMSs) supporting EDM principles.

Decisions, information, decoupling and automation

Andrew McAfee posted The Great Decoupling last week and Ross Mayfield followed up with Decoupling Decision Rights and Decentralization. These posts discussed the decoupling of information from decision-making. They assert that the decreasing cost of getting information around an organization...

Book Review: IT Risk

I was lucky enough to get a pre-release copy of IT Risk: Turning Business Threats into Competitive Advantage by George Westerman and Richard Hunter. The book approaches IT risk not as a technical issue but as a business and management...

Live from EBRC - AML Business Rules

Blogging live again from EBRC - this session is on AML Business Rules at PostFinance (part of Swiss Post) by Oliver K. Burnand who heads up compliance for PostFinance, the FSI within Swiss Post. Provides transaction processing as a public...

Using decisioning to build the healthcare payment of the future

I saw this report from McKinsey - Overhauling the US health care payment system (subscription required). Their summary has three key points: The hugely inefficient US health care payment system is ripe for transformation. The inefficiency is concentrated in the...

Using EDM to achieve Straight Through Processing in Insurance

A colleague passed me this link - Straight Shooter on National Underwriter. Robert Regis Hyle does a nice job discussing the idea of having policies pass through the underwriting process untouched by human hands - Straight Through Processing. He talks...

Business rules, flexibility and rigor

Saw this post on the EDS blog - Does the rigor of business rules free you up to be innovative? Charlie Bess refers to a piece by Ron Ross called Business Rules: When is a Door Not a Door? Like...