Benjamin Grosof, co-founder of Coherent Knowledge Systems, is also involved with developing a standard ontology for the financial services industry (i.e., FIBO). In the course of working on FIBO, he is developing a demonstration of defeasible logic concerning Regulation W of the The Federal Reserve Act. Regulation W specifies which transactions involving banks and their [...]
Posts under ‘Compliant Governance’
Marketing at Coherent Knowledge suggests this Dilbert for those with compliance challenges!
Our software is translating even long and complicated sentences from regulations to textbooks into formal logic (i.e,, not necessarily first-order logic, but more general predicate calculus). As you can see below, we can translate this understanding into various logical formalisms including defeasible first-order logic, which we are applying in Vulcan’s Project Halo. This includes classical [...]
Fair Isaac’s recent press release touts the “key differentiator” of Blaze Advisor 7.0 as: the innovative Decision Graph visual metaphor, a decision tree management solution that makes even the most complex rule sets easier to manage and explain Of course, a decision tree is really more like a root system (i.e., the tree is upside [...]
The slides for my Business Rules Forum presentation on event semantics and focusing on events in order to simplify process definition and to facilitate more robust governance and compliance are at Event-centric BPM. After the talk I spoke with Jan Verbeek and Gartjan Grijzen of Be Informed and reviewed their software, which is excellent. They [...]
The folks from Knowledge Partners have a post that I found thanks to Sandy Kemsley, whose blog often provides good pointers. This article talks about the decision perspective on business rules. It makes some good points, on which I would like to elaborate albeit at a more semantic or knowledge-level. Every language has three kinds [...]
Externalizing enterprise decision management using service-oriented architecture orchestrated by business process management makes increases agility and allows continuous performance improvement, but… How do you implement the rules of EDM in an SOA decision service?
James Taylor’s notes on his lunch with Sandy Carter of IBM and the CEO of Ilog prompted me to write this. Part of the conversation concerned the appeal of SOA and rules to business users. Speaking as a former vendor, we all want business people to appreciate our technology. We earn more if they do. They [...]
Some strategy folks in an enterprise architecture group recently asked for help making rules more relevant to their organization. Their concerns ranged from when to embed rules in their middle tier versus encapsulate them within services to identifying ideal use cases and reference implementations. They were specifically interested in coupling rules with BPM and BI. [...]