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
    cybersecurity efforts
    How Behavioral Analytics and AI Are Redefining Cybersecurity for Boca Raton Businesses
    14 Min Read
    data driven risk management in heatlhcare
    How Data Analytics Is Changing Healthcare Risk Management
    17 Min Read
    big data and customer service outsourcing
    How Data Analytics Improves Customer Service Outsourcing
    18 Min Read
    How a Specialized Marketing VA Improves Campaign Analytics
    How a Specialized Marketing VA Improves Campaign Analytics
    11 Min Read
    New Data Analytics Breakthroughs Give eCommerce Startups a Fighting Chance
    New Data Analytics Breakthroughs Give eCommerce Startups a Fighting Chance
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Another analyst firm (Ventana) gets it
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 > Another analyst firm (Ventana) gets it
Business IntelligenceCRMData MiningPredictive Analytics

Another analyst firm (Ventana) gets it

JamesTaylor
JamesTaylor
3 Min Read
SHARE

It can sometimes be lonely being a proponent of a big new idea like decision management. It is delightful, then, when you find out that you are less alone than you expected. Last week I came across a couple of white papers from Ventana Research – Extending BI to Support Operational Decision Management and Improving Operational Performance through Decision Management. The first of these has a great paragraph that summarizes one of the major challenges I see in this space (my emphasis):

While many examples of deployed automated decision systems exist, many business managers still do not fully understand or trust them. This is partly because of commonly held but narrow definitions of BI, and partly because of a lack of understanding of how to deploy automated decision making systems.

Mark nails this one – the narrow definition of BI as a way to deliver information to people (presumably so those people can make better decisions) makes it hard for “BI people” to see the power of decision management. This was the prompt for my post To Hell with Business Intelligence, try Decision Management and my article First Steps To and Beyond Operational Business Intelligence. Mark also lists some ch…

It can sometimes be lonely being a proponent of a big new idea like decision management. It is delightful, then, when you find out that you are less alone than you expected. Last week I came across a couple of white papers from Ventana Research – Extending BI to Support Operational Decision Management and Improving Operational Performance through Decision Management. The first of these has a great paragraph that summarizes one of the major challenges I see in this space (my emphasis):

More Read

Top 10 analytics mistakes
How Blockchain Will Redefine Social Media Marketing (And How to Prepare)
The (Occasionally) Astronomical Cost of Unsolicitied Advertising
These 3 Digital Transformation Trends Will Rock AI and Big Data in 2018
IBM Launches New Advanced Analytics Center In New York,…

While many examples of deployed automated decision systems exist, many business managers still do not fully understand or trust them. This is partly because of commonly held but narrow definitions of BI, and partly because of a lack of understanding of how to deploy automated decision making systems.

Mark nails this one – the narrow definition of BI as a way to deliver information to people (presumably so those people can make better decisions) makes it hard for “BI people” to see the power of decision management. This was the prompt for my post To Hell with Business Intelligence, try Decision Management and my article First Steps To and Beyond Operational Business Intelligence. Mark also lists some characteristics of organizations/decisions that will benefit from the decision management approach. Both papers are worth checking out.

If you want a thorough exploration of the whole topic, check out the book I wrote with Neil Raden Smart (Enough) Systems – you can buy it from amazon.com.


Link to original post

TAGGED:decision management
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

Turning Monitoring Data Into Customer-Facing Incident Communication
Turning Monitoring Data Into Customer-Facing Incident Communication
Big Data Exclusive
business owner's dashboard
Eliminating Financial Blind Spots With A Business Owner’s Dashboard
Infographic News
reverse logistics
Reverse Logistics: Optimizing The Flow Of Returned Goods
Infographic
mapping hidden profits
Mapping Hidden Profit Leaks Across Distribution Operations
Business Rules Exclusive Infographic News

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Business Analytics – Opposition or Proposition?

4 Min Read
data analytics in employee gift giving
Analytics

Using Data Analytics to Create a Great Employee Gifting Strategy

9 Min Read

IBM Advances Predictive Analytics for Decision Management

6 Min Read

Thinking different with decision analysis

4 Min Read

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

data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-26 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?