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
    big data analytics in transporation
    Turning Data Into Decisions: How Analytics Improves Transportation Strategy
    3 Min Read
    sales and data analytics
    How Data Analytics Improves Lead Management and Sales Results
    9 Min Read
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 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

New Report on Decision Management Technologies – The Four Capabilities
Data versus Expertise Dilemma
First Look – FICO Model Central
Demand for Data-Savvy Cybersecurity Professionals Grows In 2021
Executive Involvement Helps Ensure Intranet Success

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

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data intelligence in healthcare
How Data Is Powering Real-Time Intelligence in Health Systems
Big Data Exclusive
intersection of data
The Intersection of Data and Empathy in Modern Support Careers
Big Data Exclusive
blockchain for ICOs
The Role of Blockchain in ICO Fundraising
Blockchain Exclusive
ai in business
How AI Helps Businesses Discover Specialized Niches
Exclusive Marketing

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Turn Analysis Into Action: 3 Tips

5 Min Read

Top Business Intelligence dashboard design best practices (Part One)

23 Min Read

Social Media Analytics: Three Perspectives

6 Min Read

The Benefits of Multivariate Testing Data For Your Online Business

5 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 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?