Post on 16-Jun-2018
Your presenter – James Taylor
• CEO of Decision Management Solutions
• Works with clients to improve their business by applying analytic technology to automate & improve decisions
• Spent the last 9 years developing the concept of Decision Management
2 © Decision Management Solutions, 2011
Patterns inform decision-making
0
5
10
Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7 Day 8 Day 9 Day10
4 © Decision Management Solutions, 2011
Decisions are the focal point for risk
© Decision Management Solutions, 2011 11
Risk is not acquired in “big lumps” but one transaction at a time
Decisions scale for large impact
© Decision Management Solutions, 2011 13
Strategic Decision
Tactical Decision
Operational Decision
Predict Risk
© Decision Management Solutions, 2011 16
How risky is this customer’s application for service… And how should we price it?
Predict Fraud
© Decision Management Solutions, 2011 17
How likely is this claim to be fraudulent…. and what should we do about it?
Predict Opportunity
© Decision Management Solutions, 2011 18
What represents the best opportunity to maximize loyalty and revenue? And when should we promote it?
Predictive Analytics turn uncertainty about the future
into usable probabilities
19 © Decision Management Solutions, 2011
Build decision-making components
© Decision Management Solutions, 2011 20
Operational Systems
Analytic Systems
Decision
Begin with the Decision in mind
Find the decisions that matter to your business and model them
29 © Decision Management Solutions, 2011
Discover Build Improve
Find the rules of decision-making
© Decision Management Solutions, 2011 30
Discover Build Improve
Analyze and manage the business rules that underpin your operational decisions
Embed Predictive Analytics
© Decision Management Solutions, 2011 31
Discover Build Improve
Decision Build predictive analytic models and embed them in operational systems
Learn to experiment
© Decision Management Solutions, 2011 32
Discover Build Improve
Learn to experiment and use the data from experiments
Decision Management Systems What if you could make your systems
active participants in optimizing your business?
What if your systems could act intelligently on their own?
Decision Management Systems can do all that and more. This book shows how to integrate operational and analytic technologies to create more agile, analytic, and adaptive systems.
Available October 20, 2011
Discount Code: TAYLOR4389
© Decision Management Solutions, 2011 33
For more information about this new release, visit www.ibmpressbooks.com/title/9780132884389