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
    media monitoring
    Signals In The Noise: Using Media Monitoring To Manage Negative Publicity
    5 Min Read
    data analytics
    How Data Analytics Can Help You Construct A Financial Weather Map
    4 Min Read
    financial analytics
    Financial Analytics Shows The Hidden Cost Of Not Switching Systems
    4 Min Read
    warehouse accidents
    Data Analytics and the Future of Warehouse Safety
    10 Min Read
    stock investing and data analytics
    How Data Analytics Supports Smarter Stock Trading Strategies
    4 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Some Thoughts on Decision Terminology
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 > Business Rules > Some Thoughts on Decision Terminology
Business RulesDecision Management

Some Thoughts on Decision Terminology

JamesTaylor
JamesTaylor
2 Min Read
SHARE

An interesting thread over on LinkedIn got into a discussion of terminology and I thought I would share my opinion on this here:

An interesting thread over on LinkedIn got into a discussion of terminology and I thought I would share my opinion on this here:

  • Decision Management is an approach for supporting, automating, managing and improving decisions.
    • Decision Management Systems are systems that automate and manage repeatable decisions.
    • Decision Support Systems support people manage decisions, both repeatable and one-off.
  • To build Decision Management Systems or Decision Support Systems one should engage in some decision discovery and modeling to make sure you understand the decisions involved. You can use The Decision Model or the soon to be proposed Decision Model and Notation standard but you don’t have to. These models of decisions include mapping decisions to the business events that trigger them, the business processes that need them and the business objectives/KPIs that measure their effectiveness.
  • Once you understand what you are trying to do you might apply a Decision Management platform or Business Rules Management System and you might apply some decision science or data science to build an effective Decision Service.
  • Finally you will engage in ongoing decision performance analysis and monitoring so you can keep improving your decision-making over time.

The key to all of this, of course, is a focus on decisions as well as business rules which takes us back, I think, to the original question.

More Read

Collaboration Is Vital to Success [VIDEO]
The CIO Diaries – Bridging the Gap to LBOs
Trends in Smarter Business Analytics
Sticking vs Backsliding – It Is So Sad
Evaluating Cloud Solutions: How to Create the Right Team for the Job
   

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

ai in video game development
Machine Learning Is Changing iGaming Software Development
Exclusive Machine Learning News
media monitoring
Signals In The Noise: Using Media Monitoring To Manage Negative Publicity
Analytics Exclusive Infographic
data=driven approach
Turning Dead Zones Into Data-Driven Opportunities In Retail Spaces
Big Data Exclusive Infographic
smarter manufacturing
Connecting the Factory Floor: Efficient Integration for Smarter Manufacturing
Infographic News

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Common Misconceptions on Automating Decisions

6 Min Read

Solving Smith’s Dashboard Disdain: Reimagine BI communication with Collaborative BI

19 Min Read

Adding Business to Analytics

5 Min Read

Meet Your Company’s New Virtual Assistant – Big Data

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 in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence
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
© 2008-25 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?