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Posts Tagged ‘decision making’

24th July 2008

Ask an Expert - a Video Blog

James Taylor Posted by James Taylor

The folks over at b-eye network have a video blog with answers to questions submitted by readers - the Ask an Expert Video Blog. This looks like a fun way to get an answer to any BI, data or analytic decision making question you might have. If you have something you want to discuss, go [...]

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posted by James Taylor in Blogging | 0 Comments

16th July 2008

Is eBank the future of banking?

James Taylor Posted by James Taylor

Thanks to my friends at Bankwatch I heard today about eBank in Japan. The bank is described in this nice article on swiftcommunity.net. What struck me about this was the focus on complete automation of decision making - not just the processes and information colleciton, but the decision making itself. Is this the person they [...]

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posted by James Taylor in Customer Experience, Decision Management, Financial Services | 1 Comment

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

14th July 2008

EDM and the role of line managers

James Taylor Posted by James Taylor

Tammy Erickson wrote an interesting piece last week The End of Line Managers as We Know Them - Peter Drucker’s Prediction that made we wonder how applying enterprise decision management, EDM, would change the role of line managers. Several changes would seem to be likely:

Less rubber-stamping
With the automation of approvals, eligibility, refunds, pricing decisions and [...]

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posted by James Taylor in Business Strategy, Decision Management | 0 Comments

11th July 2008

The future of consumer banking needs EDM

James Taylor Posted by James Taylor

Naumi Haque wrote this nice piece on The future of consumer banking and it struck me how many of the things she suggests, with which I agree, require a broad-based adoption of EDM.
For instance she suggests a single financial cockpit - she calls it a dashboard but she wants to be able to do things [...]

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posted by James Taylor in Customer Experience, Decision Management, Financial Services | 0 Comments

7th July 2008

Here’s why decisions matter to the 8 Ps of Marketing

James Taylor Posted by James Taylor

Some time ago I saw an article that discussed the 8Ps (4 old, 4 new) of Marketing. It seemed to me that decision making, especially operational/transactional decision making is critical to most of these Ps. Here, then, is my summary of the 8Ps and why decisions, and decision management, matter.
4 Ps

Product
You might think that [...]

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posted by James Taylor in Business Rules, Customer Experience, Decision Management, Marketing, Optimization, Predictive Analytics, web 2.0 | 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

30th June 2008

Here’s why to use decision management not just process management

James Taylor Posted by James Taylor

I have often posted on the need to combine decision management and process management but it seemed to me that recently I have seen more BPM writers talking about this. For instance the folks over on the ARIS blog posted BPM + BRM = Greater than the Sum of the Parts (talking about a webinar [...]

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posted by James Taylor in Business Process Management, Decision Management | 4 Comments

26th June 2008

How to address decision making challenges - optimism

James Taylor Posted by James Taylor

Optimism in one characteristic that it might see harsh to criticize. But take a look at this article on Accounting for the future. It makes a couple of interesting points. Firstly that the preparation of projections can be misleading and that an “inside view” - caused by developing a detailed plan, say - makes you [...]

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posted by James Taylor in Decision Management | 0 Comments

24th June 2008

How to address decision making challenges - ownership

James Taylor Posted by James Taylor

I was settling down to write some more on the issue of how to deal with various kinds of decision making problem when I remembered that I, and my friends at Big Sky Thinking, had dealt with this before. Check out this post on decision making traps and this one on whether or not experts [...]

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posted by James Taylor in Customer Experience, Decision Management | 0 Comments