#BRF Making Better Decisions in the Face of Uncertainty Keynote

Jim Sinur is giving the keynote at the Business Rules Forum in Las Vegas this morning.

When software spending increased about 3% in a down time, in BPM the increase was over 23%. This indicates that BPM saves money.

Change is constant, not a variable. Signs from the market and economic factors, customers and vendors are warning signs.

Current organizational models for exception planning has anticipated exceptions and unanticipated exceptions. Anticipated exceptions are sometime recognized and we react to them. Unanticipated exceptions have no plan and are reacted upon through gut feel.

CEP involves one order of magnitude or two more information than what companies currently deal with.

Companies can’t keep looking at what was happening in the past. They have to look forward by identifying patterns in the information we have available. We need to look for patterns in people, information and processes.

What can you do?

  • Seek patterns that may have a positive or negative impact on your strategy
  • Model Pattern Impact on Strategy and Operations
  • Adapt. Decide and execute change

4 disciplines needed for pattern based strategy:

  • Pattern seeking
  • Operational tempo Advantage to improve an organization reaction time
    • Empower people
    • Coordinate Processes
    • Share information
  • Performance Driven culture
  • Transparency

Partial (because I couldn’t write them all) List of Technologies to support the Seek-Model-Adapt:

  • Seek
    • Predictive Analytics
    • BI “on steroids”
    • CEP
    • Decision management
  • Model
    • Critical Path modeling
  • Adapt
    • Business Rules Management
    • Business Process Management
    • Business Activity Monitoring
Series Navigation<< #BRF Introducing a rules methodology part 2 Presentation#BRF BPM, Collaboration and Social Networking Presentation >>

1 thought on “#BRF Making Better Decisions in the Face of Uncertainty Keynote

  1. Pingback: Business Rules Forum 2009 – Day 1 #brf — JT on EDM

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