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Posts Tagged ‘Data Mining’

30th October 2008

Integrating Predictive Analytics and BRM to Improve Health Plan Member Experience

James Taylor Posted by James Taylor

Two gentlemen from Deloitte presented Integrating Predictive Analytics and BRM to Improve Health Plan Member Experience. 80% of healthcare costs are incurred by 20% of members and traditionally the 20% get all the focus. Analytics and data mining get applied to claims, authorization, costs as a result. Segmentation focuses on the unprofitable and unhealthy. Increasingly [...]

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posted by James Taylor in Business Rules, Decision Management, Healthcare, Predictive Analytics | 1 Comment

30th October 2008

Building Blocks of Decision Management

James Taylor Posted by James Taylor

Michele Edelman of Discover presented on Building Blocks of Decision Management: “Tools to Rule”. Michele spends a lot of time educating people inside Discover and her team use sources like McKinsey to show executives why EDM matters. For instance, a report on top 10 macro-economic trends:

Centers of economic activity will shift profoundly not just globally [...]

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posted by James Taylor in Business Agility, Business Rules, Customer Experience, Decision Management, Financial Services, Predictive Analytics | 1 Comment

22nd October 2008

Evidence-based (decision-centric) CRM Processes

James Taylor Posted by James Taylor

Graham Hill wrote a piece on Evidence-based CRM that focused on evidence-based CRM programs and it made me think about evidence-based CRM processes.
To me, evidence-based CRM means customer relationships, and thus customer treatments, that are based on evidence (data) and not judgment, hope, guesswork etc. It means

making offers that you have evidence this customer will [...]

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posted by James Taylor in Adaptive Control, Customer Experience, Data Mining, Decision Management, Predictive Analytics | 1 Comment

22nd September 2008

Live from the InfoCentricity User Exchange

James Taylor Posted by James Taylor

Today and tomorrow I am attending the 4th annual InfoCentricity User Exchange. I got an overview of their Xeno product some time ago (blogged here) and I am looking forward to learning more about what their customers do with the product. All the attendees have our book too so that should be fun.
First up is [...]

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posted by James Taylor in Data Mining, Predictive Analytics | 0 Comments

18th September 2008

Segmentation and product design

James Taylor Posted by James Taylor

Scott had a great article on segmentation and personas this week that is a nice, quick read. I think the use of analytics in persona design can make a big difference (as I have noted before) and that decision management can use good customer segmentation as a first step towards extreme personalization.
If you are not [...]

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posted by James Taylor in Customer Experience, Data Mining | 0 Comments

27th August 2008

A reader asks - what makes a company ready (for EDM)?

James Taylor Posted by James Taylor

A reader had an interesting question this week. As a comment to Using decision management to deliver intelligent business performance he asked “What makes a company ready?”. I suspect my closing line “The products are, mostly, ready. Whether companies are is another question…” prompted this.
So, what makes a company ready for enterprise decision management - [...]

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posted by James Taylor in Decision Management, Reader Questions | 0 Comments

5th August 2008

Using decision management to deliver intelligent business performance

James Taylor Posted by James Taylor

Steve Cranford of PwC wrote an interesting piece called Bringing Order to Chaos (brought to my attention by Alan over at Tibco) that made me think. Steve’s focus is on the next software suite for enterprises (something he calls an Intelligent Business Performance Platform) consisting of business intelligence, business process and business rules. Reading this [...]

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posted by James Taylor in Business Intelligence, Business Process Management, Composite Applications, Decision Management, SOA | 2 Comments

28th July 2008

First thoughts on the IBM/ILOG announcement

James Taylor Posted by James Taylor

I got a chance to speak with ILOG today and do some thinking so it’s time to write more about the IBM and ILOG announcement. As it is an acquisition of one publicly traded company by another neither company can legally say very much. As a result I, like everyone else, have a bunch of [...]

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posted by James Taylor in Business Process Management, Business Rules, Decision Management, Event Processing, Optimization, Product News, SOA | 13 Comments

14th July 2008

Enterprise Decision Management and the Software Development Lifecycle

James Taylor Posted by James Taylor

One of my regular readers had a question today about Enterprise Decision Management and the Software Development Lifecycle - the EDMSDLC if you like. Here’s what he asked:
We do Business Rules in our approach… I guess one question would be, where does EDM fit in a typical SDLC? [company] does Requirements, we have a method [...]

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posted by James Taylor in Business Process Management, Decision Management, Enterprise Applications, Reader Questions, Requirements | 1 Comment

1st July 2008

Book Review - The Best Service is No Service

James Taylor Posted by James Taylor

I just finished reading The Best Service is No Service: How to Liberate Your Customers from Customer Service, Keep Them Happy, and Control Costs and I can’t recommend it too highly.
This is a tremendous book laying out a systematic approach for better customer service. Predicated on the idea that customers want your product to “just [...]

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posted by James Taylor in Customer Experience, Decision Management | 2 Comments