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
    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
    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
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Decision Management and the 4Ds
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Data Management > Best Practices > Decision Management and the 4Ds
Best PracticesDecision Management

Decision Management and the 4Ds

JamesTaylor
JamesTaylor
3 Min Read
SHARE

A recent new twitter follower had an interesting post on his blog back in 2010 – The 4Ds “Detect, Derive, Decide and Do. I liked the description of this pattern and as it is a common one for Decision Management Systems I thought I would make a couple of quick comments:

A recent new twitter follower had an interesting post on his blog back in 2010 – The 4Ds “Detect, Derive, Decide and Do. I liked the description of this pattern and as it is a common one for Decision Management Systems I thought I would make a couple of quick comments:

  • The Derive piece of this pattern might be driven entirely by the analysis of events as Jeff describes but it is also a potential place for Decision Management, especially when analytics can play a role. This step can involve determinations that could get quite complex and that could use predictive analytics or rules derived using data mining. Deriving patterns from data is something at which analytic models excel.
  • The key role for Decision Management and Decision Management Systems, of course, is in the Decide step.  Not only are business rules management systems common here to manage the logic of a decision but the use of predictive analytics to inform and improve that decision is also a powerful use case. The key is to focus on this as  a decision and to model and manage it as such, rather than being immediately distracted by the rules or IF…THEN logic that drives it. I wrote about the differences between decisions, decision services and rules before.
  • The overall pattern is one that is driving a number of Business Rules Management Systems to support event-handling rules. This allows the Derive and Decide steps to be managed together in a common environment.

Event-based systems are an increasingly common context for Decision Management Systems. If you want to know more about the technologies involved, why not download or read online our report on Decision Management Systems platform technologies.

More Read

Smart Data
Can Smart Data Ensure Cybersecurity and Data Protection?
The Ethics of Data, Visualized [INFOGRAPHIC]
Big Data and the New Face of Commerce
Tracking Adwords Conversions in Salesforce: 6 Challenges
How to Use Pivot Tables to Mine Your Data

Copyright © 2012 http://jtonedm.com James Taylor

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data migration risk prevention
Best Approach to Risk Management for Data Migration in Data-Driven Businesses
Big Data Data Management Exclusive Risk Management
AI in branding
How Data Analytics and Data Mining Strengthen Brand Identity Services
Big Data Exclusive
Hidden AI, a risk?
Hidden AI, Real Risk: A Governance Roadmap For Mid-Market Organizations
Artificial Intelligence Exclusive Infographic
unusual trading activity
Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
Analytics Exclusive Infographic

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Help Nonprofits and NGOs at Data Without Borders DataDives

3 Min Read
Image
AnalyticsCommentaryData MiningDecision ManagementExclusiveRisk ManagementStatisticsWorkforce AnalyticsWorkforce Data

Be Wary of the Science of Hiring

7 Min Read
Hydrographic Data
Best PracticesData ManagementPrivacyRisk Management

Data Management and Security Best Practices

4 Min Read
data lineage tool
Big Data

7 Data Lineage Tool Tips For Preventing Human Error in Data Processing

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.

AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
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?