Enterprise Decision Management and Alerts

Larry Goldman makes some interesting points in his article on alerts - Red Alert! All Hands Battle Stations! - and it made me think about alerts in an EDM context.

Using EDM to give bank customers what they want

In Banks Get Their Bearings Online Evan Schuman covers some of the positive news on how banks are starting to "get it" online. Although much of the article covers web design and other related topics, a couple of quotes leapt out at me as pointing up the value of an Enterprise Decision Management approach.

Get set for change time - use business rules!

Thinking about change time, what happens to services once they are deployed, leads naturally to a discussion of business rules.

Blaze Advisor and RulesPower combined

Exciting news today as Fair Isaac announces the acquisition of RulesPower. This brings the speed of the RETE III engine to Blaze Advisor as well as some other innovative technologies around rules verification and completeness checking. More to come obviously but pretty cool I think.

Thoughts on the Teradata Conference

I saw this article by Charles Garry today in CIO Insight. Like Charles I spent the week at the Teradata Partners conference and like him was struck by how business focused the IT folks at the show were.

Decision Yield as a way to measure ROI

Decision Yield is an evaluation metric that reveals the quality of your current decisions and decision processes, and helps you plan, justify and measure improvements. Why do we need one? Well, what constitutes a good decision? Is it the outcome alone? The cost of executing that decision? The speed? How about the coordination of multiple decisions across different parts of your organization?

What is Rete III?

Rete III is the most advanced commercially-available inference engine, benchmarking more than 300% faster than its competitors, making it the ideal solution for organizations managing large, complex business rule sets, where high performance is critical. Benchmark programs test the ability...

Data Mining in Insurance

Interesting article in Business 2.0 about Allstate's use of Data Mining. What is not brought out in the article is that in order to get value from this data mining, Allstate had to use it to improve a transactional decision...

Insurance Cross-Sell and EDM

This article on the slow progress insurance is making towards cross-selling effectively caught my eye today. The article highlights many of the problems that insurers face in broadening their relationship with their customers and with then using their data and...

What is an Analytic Application?

Do analytic applications need to include dashboards?