Quantifying Improved Decision Management: The Value of Rules

Pragmatic Insights on Business Decision Management

Webcast Recorded on February 18, 2009

 

If you want a hot cup of coffee, can you wait to boil the ocean?

If you need to make an important business decision, can you wait until you fully implement enterprise decision management?

Many organizations that have tried “enterprise” decision management – the discipline of automating and managing the decisions an enterprise uses to run its business – are daunted by a task that can feel overwhelming… like trying to boil the ocean. This webcast will provide pragmatic insights on Business Decision Management: automating core decision-intensive processes using rule technology to improve decision making.

Just one example: a leading financial services firm reduced a portion of their mortgage approval decision process from 14 days to a matter of hours using rule technology.
That's quantifying improved decision management – that’s the value of rules.

James Taylor, recognized as an industry expert on Enterprise Decision Management, will discuss his experiences with decision management in practice, and share important lessons learned.

TThe webcast will also highlight a managed decision process that helps quantify the value of implementing rule technology versus traditional hard-coding. This will include a demonstration of a rule-based application called RuleVantage, a practical example of Business Decision Management.

Agenda

Strategies for Better Business Decision Management	Theresa O’Neil
Decision Management in Practice: Experiences, Lessons Learned, Quantifying Decision Management, the Impact and Value of Rule Technology on Decision Management	James Taylor
A Managed Decision Process for Quantifying the Value of Rule Technology and a Demonstration of RuleVantage, an example of Rule-based Business Decision Management	Rik Chomko
Q&A

Speaker Profiles

Theresa O’Neil is the Vice President of Business Development at InRule Technology. Theresa has over 18 years of experience in the software industry, including developing the product and marketing strategies for the IBM Content Management and Discovery business and leading the strategy team that resulted in the joining of IBM Tivoli and TotalStorage software strategies. She also led enterprise software marketing at Platinum Technology, where she also helped launch Platinum’s Y2K business.

James Taylor is the founder and CEO of Decision Management Solutions and is an independent consultant on decision management, predictive analytics, business rules, and related topics. James has for several years helped companies automate and improve decisions, working with clients to identify and bring to market advanced decision management solutions. He is widely considered a leading expert and visionary in enterprise decision management and is a published author and a regular blogger.

Rik Chomko is the Chief Product Officer for InRule Technology with over 16 years of experience implementing rule-based technology. Rik served as Chief Technology Officer for Calypso Systems where he led the architecture and delivery of systems to many of the firm's largest clients. Rik is recognized as an expert in emerging technology, having co-authored a number of system frameworks that provide analysts the ability to control application logic without programmer involvement.