You are invited to a free morning workshop, on February 25th 2015, in London, to experience how The Decision Model (TDM) and the Decision Model and Notation (DMN) can assist your company in managing one of its most fundamental and valuable assets: the business logic that controls the thousands of automated decisions your company makes every week (or even every day).
In this ‘hands-on’, practitioner-led workshop you will learn — by exploring and manipulating real decision models — how organisations can effectively articulate, communicate, change and control their business logic and the powerful opportunities this provides in eliminating inconsistencies in business policies and quickly changing them to exploit new business opportunities. You will understand how decisions lead to superior integration of business logic with business process. Taken together these allow TDM to deliver business agility and scalable, rigorous, enterprise decision management in a manner business rules alone cannot. (more…)
We cordially invite you to join us in London for a workshop on how The Decision Model (TDM) can optimise your organisation’s management of its most fundamental and valuable asset: the business logic that controls the thousands of automated business decisions it makes every day. We will present case studies that demonstrate the practical benefits of applying TDM to the management of business logic at an enterprise scale. Three practitioners will discuss key challenges of applying decision management and TDM and how to overcome them.
Click here now to register for this free workshop in London on Wednesday 9th July 2014 from 9am to 1pm. During this workshop you: will learn how The Decision Model (TDM) can be used to structure, manage and optimise your business logic; see an example decision model and understand the benefits decision management brings above and beyond existing business rules management techniques. You can find out more about the workshop here.
Do you ever have the feeling that running your business is rather like being on the prow of an ocean liner at full speed in a squall? You may have a feeling of progress, your engine-room may be generating considerable power, but ultimately: your route to the destination is not clearly visible, you cannot discern if the ship is tracking the right course towards that destination and you know that it would be difficult to change course quickly to avoid an obstacle if the need arose. Better, perhaps, to be in the bridge of a fully-equipped motorboat where you have charts that clearly define your destination and your route to it, a GPS which shows you how you are tracking that route and the ability to change course quickly and take advantage of ever changing prevailing circumstances.
James Taylor, CEO of Decision Management Solutions, and I co-presented a webinar earlier this month to discuss the application of business rules and business decisions in implementing financial compliance solutions.
We agreed that regulatory compliance (e.g., Basel III, FED 5G, FATCA) is a problem well suited to a Business Rules approach. Primarily because:
- it is repeatable and tractable to automation
- it demands transparency and traceability (regulations need to be followed and be seen to be followed) which implies the rules need to be expressed in business English
- regulations change frequently and typically mandate a ‘short time to market’
- it requires a degree of rigor to cope with the complexity of regulation
- it stipulates many regional variations in business logic which need to be coordinated
However, we identified five key issues for financial compliance and discussed why business rules alone do not fully address these challenges. In summary, we feel that Business Rules alone does not resolve:
- how business metrics can be used to monitor the effectiveness of compliance rules
- ‘big picture’ impact analysis to a compliance rule set when regulations or underlying financial conditions change
- the need to consistently apply a compliance policy throughout a complex business process
- the ability to precisely define rule semantics and align them to compliance policies
- the ability to scale a rule set while maintaining coherence
Decision management can address these issues and the webinar illustrates this with a demo of a compliance decision model using DecisionsFirst Modeler. Please see the recording of the webinar at http://decisionmanagementsolutions.com/agile-and-cost-effective-financial-compliance
If anyone is using decision management (or just business rules) for financial compliance I would be most interested in your views.
The need to cope with ever increasing rates of change in business policies has made agile decision/rule management a vital topic for enterprise architects – particularly where regulators or legal compliance are concerned – we need to involve business SMEs directly in the capture and stewardship of decisions to improve agility and accountability. Regular readers of this blog already know the significant benefits the Decision Model (TDM) offers in this area. But, until now, we’ve been hampered by the absence of cost-effective tools that support TDM and that would encourage mass adoption of the technique.
Our wait appears to be at an end.
The week before last saw the release of another tool to support decision modelling and management: BiZZDesign Decision Modeller. This offering not only boasts cost effective, fully-featured support for The Decision Model framework (including list fact types and messages), but its combination of four other features excites us, as TDM practitioners, rather more than existing TDM tools. In this article we discuss: our experiences of this product, what’s genuinely new about it and how it might change the way enterprises use TDM and existing BRMS/BDMS technologies. (more…)