Overcoming the Challenges of Financial Decisions with DMN

Overcoming the Challenges of Financial Decisions with DMN

Join Lux Magi and business partner, Trisotech, to discover how Decision Management addresses the key risks of regulatory compliance. This webinar outlined the practical difficulties of supporting mandatory regulatory compliance in finance IT systems and described how a key technique of Business Decision Management—Decision Modelling—can overcome these challenges. The benefits of using the Decision Model and Notation (DMN) were also presented. (more…)

Decision Modeling: The Bottom Line

Decision Modeling: The Bottom Line

Why should organizations model their important business decisions as part of digital transformation? We’ve been asked so many times to explain how our clients have benefited from decision modeling that we decided to capture it here. This article covers seven reasons to adopt decision modeling and summarizes the bottom-line benefits decision modeling has brought to companies that use it effectively.

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How TDM Principles Inform Good Practice in DMN

How TDM Principles Inform Good Practice in DMN

Decision Modeling notations have been adopted by companies to improve the integrity, transparency and agility of their important business decisions. They facilitate the management of business decisions as a vital business asset.

Over the past eight years, Decision Modeling has been dominated by two standards: The Decision Model (TDM), defined by Sapiens Inc, established in 2009 and documented superbly in The Decision Model book by Larry Goldberg and Barbara von Halle and The Decision Model and Notation (DMN) an open standard first defined by the Object Management Group (OMG) in 2013 and documented in books by James Taylor and Jan Purchase and Bruce Silver. Both standards are in use and continue to evolve.

While James Taylor and I were collaborating on our Decision Modelling book, and discussing our experiences of using DMN after using TDM, we wondered: how does TDM experience inform good practice in DMN? What can newcomers to Decision Modelling and DMN learn from the earlier standard?

In short, a great deal.

We believe that new, and even experienced, Decision Modeling practitioners can benefit significantly from background knowledge of TDM. This article explains why and what these benefits are.

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