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Decision Management Systems: A Practical Guide to Using Business Rules and Predictive Analytics (IBM Press) 1st Edition

4.7 out of 5 stars 20 customer reviews
ISBN-13: 858-7385555551
ISBN-10: 0132884380
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Editorial Reviews

About the Author

James Taylor is the CEO of Decision Management Solutions, and is the leading expert in how to use business rules and analytic technology to build Decision Management Systems. James is passionate about using Decision Management Systems to help companies improve decision-making and develop an agile, analytic, and adaptive business. He has more than 20 years working with clients in all sectors to identify their highest-value opportunities for advanced analytics, enabling them to reduce fraud, continually manage and assess risk, and maximize customer value with increased flexibility and speed.

In addition to strategy consulting, James has been a keynote speaker at many events for executive audiences, including ComputerWorld’s BI & Analytics Perspectives, Gartner Business Process Management Summit, Information Management Europe, Business Intelligence South Africa, The Business Rules Forum, Predictive Analytics World, IBM’s Business Analytics Forum, and IBM’s CIO Leadership Exchange. James is also a faculty member of the International Institute for Analytics.

In 2007, James wrote Smart (Enough) Systems: How to Deliver Competitive Advantage by Automating Hidden Decisions (Prentice Hall) with Neil Raden, and has contributed chapters on Decision Management to multiple books, including Applying Real-World BPM in an SAP Environment, The Decision Model, The Business Rules Revolution: Doing Business The Right Way, and Business Intelligence Implementation: Issues and Perspectives. He blogs on Decision Management at www.jtonedm.com and has written dozens of articles on Decision Management Systems for CRM Magazine, Information Management, Teradata Magazine, The BPM Institute, BeyeNetwork, InformationWeek, and TDWI’s BI Journal.

He was previously a Vice President at Fair Isaac Corporation, spent time at a Silicon Valley startup, worked on PeopleSoft’s R&D team, and as a consultant with Ernst and Young. He has spent the last 20 years developing approaches, tools, and platforms that others can use to build more effective information systems.

He lives in Palo Alto, California with his family. When he is not writing about, speaking on or developing Decision Management Systems, he plays board games, acts as a trustee for a local school, and reads military history or science fiction.

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Product Details

  • Series: IBM Press
  • Paperback: 320 pages
  • Publisher: IBM Press; 1 edition (October 10, 2011)
  • Language: English
  • ISBN-10: 0132884380
  • ISBN-13: 978-0132884389
  • Product Dimensions: 6 x 0.8 x 8.9 inches
  • Shipping Weight: 15.2 ounces (View shipping rates and policies)
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (20 customer reviews)
  • Amazon Best Sellers Rank: #281,694 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Paperback Verified Purchase
I found James Taylor's book to be enjoyable and inspiring. He has taken some challenging topics, applied clear-headed thinking, and provided a comprehensive vision of truly effective decisioning systems.

For starters, naming the subject after "decisions", rather than using words like "rules", "knowledge", or "AI", is very helpful. Business people "get" decisions. It's how their organizations and their best performers differentiate themselves.

I also like the methodology Taylor proposes of starting with a "decision inventory". This can be a daunting task, but he provides a number of strategies to get this process moving in a focused manner.

Another thing that stands out is this book's approach to planning for the full life cycle of a Decision Management System, identifying Key Performance Indicators early on, and putting the proper analytics in place to allow the automated rules to evolve with the business. As someone who has worked with rule-based and other intelligent systems since the 80s, I've seen many great systems that have quickly fossilized because they lacked the type of practical knowledge enhancement strategy that Taylor recommends.

Taylor has created a great framework for thinking about an important class of business problems, and for constructing robust Decision Management solutions. I look forward to using these ideas on future projects.
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Format: Paperback
There are not too many systems being created today that I would consider more than interfaces to a data structure. Meaning most systems today rely on people to provide the intelligence behind them. The systems themselves are viewed as a necessary evil by the people who use them. I find this to be especially true in organizations with a long history. Their attitude is they were built by people, and people will continue to be their most valuable asset.

The author of this book challenges us to take our systems to the new level of existence. One where they are responsive partners in the company along with the people who use them. Responding in real-time to customers and users of the system. Decision Management Systems are intended to be active participants in optimizing your business.

The decisions focused on in the book are strategic, tactical, and operational. The decisions characteristics are they should be repeatable, non-trivial, measurable business impact, and a candidate for automation.

One of the things I really like about this book is that the author does a great job of providing real-world easy to understand examples that show you how the theory being explained can be applied.

The first part of the book builds the case for decision management systems. The second part of the book covers building decision management systems, and the last part of the book discusses the enablers for decision management systems.

Part one shows us what type of impact decision management systems can have on our businesses, and the characteristics of decision management systems. It gives a ton of real-world examples.
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Format: Paperback
Opinions are divided, sometimes sharply divided about the nature and extent of what can be accurately predicted in a business world in which change often seems to be the only constant. In his latest book, Antifragile, for example, Nassim Nicholas Taleb asserts that "by grasping the mechanisms of antifragility we can build a systematic and broad guide to [begin italics] nonpredictive [end italics] decision making under uncertainty in business, politics, medicine, and life in general -- anywhere the unknown preponderates, any situation in which there is randomness, unpredictability, opacity, or incomplete understanding of things." I agree with Taleb that we cannot predict what is unpredictable but we [begin italics] can [end italics] formulate, establish, and then sustain the "system" to which he refers.

These are among the passages that caught my eye and of interest and value to me:

o Managing Risk (Pages 8-18)
o Real-Time Responsiveness (20-23)
o Maximizing Assets (41-44)
o Principles of Decision Management Systems (47-66)
o Characteristics of Suitable Decisions (72-81)
o Develop New Decision-Making Models (176-183)
o The Three-Legged Stool (191-197)
o Table 8-1, Center of Excellence Profile Attributes (198-204)
o A Culture of Experimentation (222-228)
o Business Rules Management System (235-238)
o A Service-Oriented Platform (255-281)

Taylor is convinced, as am I, that individuals as well as organizations cannot control everything but [begin italics] they can control how they respond to what happens [end italics]. The best responses are based on the best decisions and there are different types.
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Format: Paperback Verified Purchase
James Taylor is a very smart guy, and a leader in the field of management systems. This book(2012)is very thought provoking and gives anyone interested in the area of "big data" management some very good pointers. Taylor is not only a first rate scholar, he's a very good writer. This is a must read book for those interested in improving their knowledge about the trends in management.
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