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Posts under ‘Business Intelligence’

Event-centricity driving TIBCO

The call transcript from TIBCO’s Dec 21 review of Q4 results is great reading.  Starting from a simple Rete Algorithm and the insightful acquisition of Spotfire, TIBCO has transformed itself from a technical middleware vendor to a promising enterprise platform. TIBCO has a long way to go in making its business optimization offerings less technical, [...]

Tendencies and purpose matter

The basic formal ontology (BFO) offers a simple, elegant process model.   It adds alethic and teleological semantics to the more procedural models, among which I would include NIST’s process specification language (PSL) along with BPMN. Although alethic typically refers to necessary vs. possible, it clearly subsumes the probable or expected (albeit excluding deontics0).  For example, [...]

Time for the next generation of knowledge automation

In preparing for my workshop at the Business Rules Forum in Las Vegas on November 5th, I have focused on the following needs in reasoning about processes, about events, and about or over time: Reasoning at a point within a [business] process Reasoning about events that occur over time. Reasoning about a [business] process (as [...]

Super Crunchers: predictive analytics is not enough

Ian Ayres, the author of Super Crunchers, gave a keynote at Fair Isaac’s Interact conference in San Francisco this morning.   He made a number of interesting points related to his thesis that intuitive decision making is doomed.   I found his points on random trials much more interesting, however. In one of his examples on “The [...]

Adaptive Decision Management

In this article I hope you learn the future of predictive analytics in decision management and how tighter integration between rules and learning are being developed that will  adaptively improve diagnostic capabilities, especially in maximizing profitability and detecting adversarial conduct, such as fraud, money laundering and terrorism. Business Intelligence Visualizing business performance is obviously important, [...]