– Marc Lankhorst, Fabian Aulkemeier In a previous blog post on the features of our collaboration platform, we have explained how you can support people in working together on architectures and other models via structured workflows. In that post, …
Innovation seems to be a buzzword from the end of the 20th century and early 21st century. The past decade innovation was not the only challenge faced by enterprises. In addition – across industries – several other developments have become important to – or at least seem to be so – such as digital transformation, big data, analytics and business intelligence.
Changing regulations, business strategies and compliancy standards require new business policies to be developed constantly. Consequently new decisions will be made which need to be managed properly. However managing these new decisions is (of course) not without challenge. The field of decision management has steadily become more popular – first focusing on it being a better way to manage business rules, but lately shifting its focus to predictive analytics.
Imagine you are asked to define business requirements and constraints for a set of business rules as part of the design of a solution. What would be the approach you would use?
In order for Decision Management to be successfully implemented within an organization the following capabilities and technologies must be present:
Be honest, do you consider yourself a great decision maker? I believe, with a few exceptions, that many people are not able to make optimal decisions. Why you might ask? Well, the answer is quite simple: people don’t have the time to collect and analyze all the available data and information that can be collected from information systems in your organization, suppliers, customers and other external sources. In addition, people’s capacity to process and store certain amounts of information is very limited. Just try to remember what you had for dinner two weeks ago. But don’t worry help is on the way, because in this blog I will list three important benefits of Decision Management that everyone should know of in order to improve your business outcomes.
A major challenge facing business today is how to harness the creative abilities and business knowledge of its employees to gain strategic advantages over its competitors that in turn result in significant increases in profitable sales and or …
Everybody has experienced moments where they had to make a big or important decision, but without any form of guidance, help, or support. It’s a well-known fact that managers make many decisions based on gut feeling. For smaller decisions that may be right, but what about big(ger) strategic decisions? We can see that informed decision making is becoming a trend, dispelling gut-based decisions and incorporating tools and analytics to come to the best decision. However there is no holy grail and there are still some pitfalls/reasons for caution down the road regarding informed decision making.