By Alan N. Fish

A confirmed selection administration technique for elevated earnings and reduced risksKnowledge Automation: tips to enforce determination administration in enterprise techniques describes an easy yet accomplished technique for determination administration initiatives, which use enterprise principles and predictive analytics to optimize and automate small, high-volume enterprise judgements. It comprises selection specifications research (DRA), a new Read more...

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A confirmed selection administration technique for elevated earnings and diminished hazards Automating judgements in enterprise strategies describes an easy yet finished method for determination management Read more...

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The simplest means of achieving consistency is to share common decision services, but it is also possible to reuse decision components across services. This means: ▪▪ Decision services should be generalized and reused rather than differenti▪▪ ated across functions, channels, and lines of business. Where whole decision services cannot be reused, their behavior should be invented in such a way as to allow reuse of the knowledge encapsulated within them. These goals should be in our minds as we embark on the task of automating the decisions in a business process.

If the applicant is unknown to us we need to collect a full set of application data including personal details as well as the requested product. The Collect application data task may then be used to collect the data specified by the Application strategy decision service through the appropriate channel (for example, by calling a sequence of selected user interface screens). The Bureau strategy decision service uses the application data to decide which credit reference agencies should be used and what bureau data need to be purchased from them.

Indd 9 1/21/2012 7:22:36 PM 10 ◾ Knowledge Automation Decision Yield So far I have been using the term value in a very general way. How, specifically, does the encapsulation of business knowledge in an automated operational decision actually generate value for a company? To predict and measure return on investment (ROI) on decision management projects, Fair Isaac Corporation (FICO) has developed an approach called decision yield, which evaluates decision-making performance on five dimensions: precision, cost, speed, agility, and consistency: Precision: The effectiveness of the decisions you execute in your marketing and customer management systems, your call centers, and your branch offices.

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