by David Wilkinson | Oct 27, 2022 | Decision Management, Decision Modeling, DecisionsFirst Modeler
What is a DMN decision model? A decision model is a visual representation of a decision – the precise specifications of decision making logic. Decision Model & Notation (DMN) is a powerful language used to build decision models. While it can model any...
by Ashton DeKeyrel | Oct 19, 2022 | Business Rules, Decision Automation, Decision Management, Events
An ocean of possibilities. The Mayflower Autonomous Ship recently completed a transatlantic trip to North America, completely unattended. It was able to achieve this feat with the help of an AI captain, a virtual decision maker on board to ensure safe travels through...
by James Taylor | Oct 18, 2022 | Business Process, Business Rules, Decision Automation, Decision Management, Strategy
Digital decisioning – the automation of decision-making using some combination of decision modeling, business rules, machine learning, predictive analytics and AI algorithms – is relevant to every industry and any organization of reasonable size. In fact, there are...
by Ashton DeKeyrel | Oct 12, 2022 | Business Rules, Decision Automation, Decision Management, Decision Modeling, DecisionsFirst Modeler
When it comes to insurance claims, there’s always a difference between normal operations and a disaster, like the recent hurricane in Florida. When disaster strikes, there is a need for normal, automated claims handling be turned off and replaced with more flexible,...
by Ashton DeKeyrel | Sep 13, 2022 | Business Rules, Decision Automation, Decision Management, Decision Modeling, DecisionsFirst Modeler, Machine Learning
Decision Management Solutions provides solutions and services that help organizations make more data-driven decisions by applying advanced analytics, artificial intelligence (AI), business rules, and supporting technologies. As our name would imply, we are a leading...
by James Taylor | Aug 22, 2022 | AI, Business Intelligence, Business Rules, Decision Automation, Decision Management, Digital Business
COVID-19 accelerated the need for next-generation claims-processing goals. To make these capabilities a reality and create long-term value, insurers should focus on five key areas. Digital natives—millennials and GenZ’ers increasingly expect seamless, omnichannel, and...
by James Taylor | Mar 31, 2022 | Business Architecture, Business Rules, Decision Automation
McKinsey recently published a great piece aimed at B2B companies called The new B2B growth equation. This focused on how B2B Customers want an “always-on, personalized, omnichannel experience”. These customers want more from their B2B sellers — “more channels, more...
by Ashton DeKeyrel | Mar 17, 2022 | AI, Business Rules, Decision Automation, Decision Management
We recently posted a poll on where insurers see digital transformation making the biggest impact on their business. Decision Management Solutions has helped many leading insurance businesses modernize over the years – so we have lots of experience in this area –...
by Ashton DeKeyrel | Jan 28, 2022 | AI, Decision Automation, Decision Management, Decision Modeling, Machine Learning
Continuing our series on AI management options (kicked off by the HBR article Managing AI Decision-Making Tools), the final option is Human out of the loop (HOOTL). In these systems, the decisions must not only be made autonomously but it is not practical or desirable...
by Ashton DeKeyrel | Jan 21, 2022 | AI, Business Architecture, Business Intelligence, Decision Automation, Decision Management
Continuing our series on AI management options (kicked off by the HBR article Managing AI Decision-Making Tools), the next option is Human on the Loop (HOTL). HOTL systems are most common in situations there is a need for 100% straight through or automated processing...
