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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Why Every Business Analyst Should Be Able to Model Business Decisions

Why Every Business Analyst Should Be Able to Model Business Decisions

Introduction

In this article I propose that every business analyst should be capable of identifying and modeling business decisions precisely and transparently. They should use a prescribed, standard format to describe decision-making that can be understood by other analysts with minimal explanation, rather than the individualistic, ad-hoc spreadsheets, text documents or technical business rules that they so often use today. Business analysts should be as proficient in modelling decision as they are with data or process and decision modeling should be a recognized as a ‘tool of the trade’. Being able to precisely represent business data, process and decisions should be seen as essential to the analyst role.

Without this skill, vital business knowledge will be buried in the volumes of incoherent verbiage that constitutes most written specifications; lost in the heads of SMEs who ultimately leave the company; or obscured in millions of lines of programming code or equally obscure excel spreadsheets where it may safely hide without fear of discovery.

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How DMN is Different

How DMN is Different

In a recent article on the LinkedIn Group ‘The Decision Model and Notation (DMN)’, and on his own blog, Bruce Silver elegantly described why DMN is different to (and better than) other means of representing business decision models and asserted that these differences are set to make DMN of crucial importance to businesses that rely on their operational decisions. While I agree with Bruce’s feature list, I have some reservations about some of his observations.

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