Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    How Data Analytics Is Reshaping Patient Financing Decisions
    How Data Analytics Is Reshaping Patient Financing Decisions
    13 Min Read
    business using business intelligence
    How to Use a Competitive Intelligence Dashboard to Turn Market Data Into Smarter Marketing Decisions 
    9 Min Read
    unusual trading activity
    Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
    3 Min Read
    software developer using ai
    How Data Analytics Helps Developers Deliver Better Tech Services
    8 Min Read
    ai for stock trading
    Can Data Analytics Help Investors Outperform Warren Buffett
    9 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Nice article on EDM
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > CRM > Nice article on EDM
Business IntelligenceCRMData MiningPredictive Analytics

Nice article on EDM

JamesTaylor
JamesTaylor
2 Min Read
SHARE

Joe McKendrick wrote a nice article on how EDM give companies a competitive edge for the Teradata Magazine this month. Joe did a nice job, as usual, of bringing out some key points and quoting me. My two favorite quotes were:

In addition, it’s inherently difficult to build actionable intelligence into most existing applications. “Enterprise applications don’t focus c…


Copyright © 2008 James Taylor. Visit the original article at Nice article on EDM.

Joe McKendrick wrote a nice article on how EDM give companies a competitive edge for the Teradata Magazine this month. Joe did a nice job, as usual, of bringing out some key points and quoting me. My two favorite quotes were:

More Read

The Global Nature of Big Data and Analytics
Scenario Testing, Stress Testing and Decision Management
Has the Twitter Trend Reached its Apex – Even Among Marketers?
When Performance Metrics Attack: Complete, Agile BI Requires Going Beyond Just the Numbers
Decision Management Loops Back to Decision Support Systems

In addition, it’s inherently difficult to build actionable intelligence into most existing applications. “Enterprise applications don’t focus coherently on decisions and don’t enable the decisions they do automate to be managed effectively,”

The role of EDM is often to provide guidance to operational decision makers—not issue a single hard-and-fast decision, Taylor adds. This is an advance from BI systems that, up until now, essentially dumped a lot of information in users’ laps, saying, “Here’s the information, go figure out what to do,” according to Taylor. An effective EDM solution will offer viable alternatives based on available data and mapped against business rules. “It may say to a rep, ‘Here are the three things that are OK for you to do. Do any of them—it doesn’t matter which one you do, but do one of them.’”

Anyway, I strongly recommend the article and, if you like it, would suggest you buy the book Neil and I wrote for full coverage of EDM – Smart (Enough) Systems.


Link to original post

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

How Data Analytics Is Reshaping Patient Financing Decisions
How Data Analytics Is Reshaping Patient Financing Decisions
Analytics Big Data Exclusive
AI driven big data company
How AI-Driven Workflows Are Changing the Way Companies Think About Data Risk
Artificial Intelligence Data Management Exclusive Risk Management
ai product development
Why Businesses Outsource AI Product Development Companies
Exclusive News
banking tools
The Fintech and Banking Tools Global Entrepreneurs Rely On
Fintech Infographic

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Context-aware shopping at Stop & Shop

3 Min Read

Is Amazon really that cool as we keep saying?

6 Min Read

Making Better Business Decisions in 2009

3 Min Read

Integrating the Sound Quality Tester

0 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots
data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?