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
    predictive analytics risk management
    How Predictive Analytics Is Redefining Risk Management Across Industries
    7 Min Read
    data analytics and gold trading
    Data Analytics and the New Era of Gold Trading
    9 Min Read
    composable analytics
    How Composable Analytics Unlocks Modular Agility for Data Teams
    9 Min Read
    data mining to find the right poly bag makers
    Using Data Analytics to Choose the Best Poly Mailer Bags
    12 Min Read
    data analytics for pharmacy trends
    How Data Analytics Is Tracking Trends in the Pharmacy Industry
    5 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

How CIOs Can Build Bridges with the Board
Want More Actionable Information from Your BI? Support Your IT Team’s Need for Data Warehouse Automation
A Software called Splunk
5 Ways to Use AI to Vet a Content Site Before Purchasing It
Managing the Soft Bounce- The New Reputation Indicator

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

street address database
Why Data-Driven Companies Rely on Accurate Street Address Databases
Big Data Exclusive
predictive analytics risk management
How Predictive Analytics Is Redefining Risk Management Across Industries
Analytics Exclusive Predictive Analytics
data analytics and gold trading
Data Analytics and the New Era of Gold Trading
Analytics Big Data Exclusive
student learning AI
Advanced Degrees Still Matter in an AI-Driven Job Market
Artificial Intelligence Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Decision Services, Watson and Cognitive Computing

7 Min Read

Silverlink update

8 Min Read

Take the Predictive Analytics in the Cloud survey

2 Min Read

IBM Advances Predictive Analytics for Decision Management

6 Min Read

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

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots

Quick Link

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

Sign in to your account

Username or Email Address
Password

Lost your password?