Oracle In-Memory Policy AnalyticsPredict the Impact of Policy Change
Features and Benefits
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Features and BenefitsNovember 2014
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Agenda
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Business challenges
Solution overview
Feature walkthrough
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Feature walkthrough
Additional resources
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Agenda
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Business challenges
Solution overview
Feature walkthrough
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Feature walkthrough
Additional resources
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Business Challenges
Governments are increasingly required by law to predict the impact of legislative and policy change
Private enterprises must ensure
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Private enterprises must ensure any policy changes comply with regulations while enhancing their competitive advantages
This process can be time consuming and hard to manage
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Public Sector
Governments need to optimize the money they spend on benefit programs and target tax laws appropriately
Many countries also have frameworks that require formalized policy planning and reporting:
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formalized policy planning and reporting:
• OECD states must create regulatory impact statements for all proposals and periodically assess existing law
• EU conducts policy impact assessment for all initiatives
• US requires federal agencies to prepare a cost-benefit analysis for any significant regulatory action
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Private Sector
Businesses need to comply with government regulations, retain and grow customer satisfaction, meet organizational targets while maintaining profitability in
an increasingly competitive landscape
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an increasingly competitive landscape
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Goal: Allow Business to Effectively Manage Policy Change
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Predict and report the impact of proposed policy change
Refine and improve policy Prepare for change by allocating staff, funding, training to areas most in need
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Business Use Cases
Financial Services
Identifying where a policy change may result in fewer customer loan defaults or higher customer retention
Health
Predicting the impact of fee and incentive changes on high demand services
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Insurance
Determining potential customer base for new products and targeting promotion or incentive policies
Higher Education
Identifying where changes to course structures, sponsorship and grant arrangements may impact existing students or enrolments
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Public Sector Use Cases
Social Security
Identifying ‘winners’ and ‘losers’ in a proposed policy change and areas most in need of support through policy change
Taxation
Costing policy change, identifying unusual outcomes and assessing tax incentives
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Immigration and Customs
Comparing effects of policy changes to streamline business without impacting organizational goals
HCM
Predicting the cost of changes to promotion, transfer and leave policies in the current workforce
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Agenda
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Business challenges
Solution overview
Feature walkthrough
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Feature walkthrough
Additional resources
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Solution: Oracle In-Memory Policy Analytics
Empower policy owners to quickly assess the impact
of existing and proposed
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of existing and proposed policy using real
business rules and real business data
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Process Overview
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Model policy or legislation in Oracle Policy Modeling
Map your organization’s data onto the rules
Easily chart and compare policy options
Capture Policy and Legislation in an Intuitive Interface
• Only OPA can model even the most complex policies in natural language that matches statutes, regulations and policy manuals
• Intuitive MS Word and Excel
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• Intuitive MS Word and Excel modeling environment designed for business users
• Rules are immediately executable: no additional ‘coding’ required
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Apply Policy to Real-World Data at Lightning Speed
• Leverage data from existing systems such as Siebel, PeopleSoft, E-Business Suite, or any data warehouse
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warehouse
• Multiple policy variations can be run against the same data, with results rapidly available
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Business Itself Can Analyze and Refine Results
• Business users themselves create charts comparing policy options
• Choose from tables, bar and pie
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• Choose from tables, bar and pie charts to visualize who policy changes would most effect
• Share the results with other areas of the organisation
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Solution Architecture
Oracle Policy Automation for accurate modeling of complex policies in natural language to match policy and regulations
Oracle Times Ten In-Memory Database For Exalytics: an industry-proven memory-
Times Ten In-Memory DBMS
Oracle Policy Automation
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Exalytics: an industry-proven memory-optimized relational database
Oracle Exalytics In-Memory Machine for high performance analysis, modeling and planning
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2+ TB DRAM, 60+ Cores
Agenda
Business challenges
Solution overview
Feature walkthrough
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Feature walkthrough
Additional resources
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Demonstration
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Demonstration
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Walkthrough: Model Rules
Policy or Legislation Executable Policy Automation Rules
Copy, Paste,
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Copy, Paste, Markup
Walkthrough: Map Rules to Data
• Fields in your data source are made available to the policy model, making it easy to see what data items are available and where rules may need to be adjusted to align to
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and where rules may need to be adjusted to align to available data
• Data maps to specific legislative provisions, allowing very rich and detailed analysis
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Walkthrough: Choose Parameters
• Policy experts set parameters which can be configured in the analysis workspace
• Example: Set an income threshold as a parameter to
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threshold as a parameter to allow business users to change values and instantly see the results
• Approach can also be used to turn ‘on’ or ‘off’ larger policy changes
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Walkthrough: Deploy for Analysis
• Upload policy model to Policy Automation Hub so it is available for analysis
• Hub permissions control who
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• Hub permissions control who can edit and upload policy models
• Analysis is automatically re-run when policy is updated
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Walkthrough: Create an Analysis Workspace
• The Workspaces section of your Policy Automation Hub is used to manage all of your Analysis work
• Workspaces can be shared
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• Workspaces can be shared with other stakeholders in your organization
• Legal
• Policy
• Consultation Groups
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Walkthrough: Create Scenarios for Each Policy Option
• Scenarios are created to represent each policy variation
• Business user sets scenario name and policy model,
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Business user sets scenario name and policy model, making it possible to compare completely different policies
• These scenarios are later used to create charts
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Walkthrough: Create Charts
• Charts are created in an intuitive interface, with full preview mode
• Business users can change key policy values (eg income threshold) and instantly see the effect
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instantly see the effect
• Business users do not need detailed policy information or training in Policy Automation to chart policy scenarios
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Walkthrough: Analyze and Refine Policy
• Charts allow business users to instantly compare policy variations
• Data can be exported into other tools
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Data can be exported into other tools
• Charts are easily copied into reports for management, regulatory compliance etc
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Agenda
Business challenges
Solution overview
Feature walkthrough
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Feature walkthrough
Additional resources
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Additional Resources
For more information on Oracle In-Memory Policy Analytics
• Product Documentation
– http://documentation.custhelp.com/euf/assets/devdocs/november2014/PolicyAutomation/en/Default.htm
• Demonstration Walkthrough Presentation
– http://www.oracle.com/technetwork/apps-tech/policy-automation/overview/index-087567.html
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– http://www.oracle.com/technetwork/apps-tech/policy-automation/overview/index-087567.html
• Technical Installation Overview
– http://www.oracle.com/technetwork/apps-tech/policy-automation/overview/index-087567.html
• White Paper
– http://www.oracle.com/us/products/applications/siebel/crm-in-memory-policy-analytics-1931262.pdf
• OPA Discussion Forum
– https://forums.oracle.com/forums/forum.jspa?forumID=828
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Social Media Resources
http://www.youtube.com/user/OraclePAVideos
https://www.facebook.com/OraclePolicyAutomation
https://twitter.com/OracleOPA
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https://twitter.com/OracleOPA
http://www.linkedin.com/groups/Oracle-Policy-Automation-3431282/about
https://blogs.oracle.com/OPA/
https://forums.oracle.com/forums/forum.jspa?forumID=828
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