Decision Management 2013: What's Trending?
cheryl wilson 270003VHSH email@example.com | | Tags:  decision-management-trend... analytics big-data decision-management operational-decision-mana...
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As we close out another year, there’s the temptation to offer grand summaries or predictions. Instead I’ll highlight a couple of the practical trends and happenings in the decision management space as alluded to in this Forbes.com interview about the shift from Big Data to Decisions.
Going forward, look for these trending behaviors in the decision management space:
1. More focus on Analytics as opposed to Big Data – more focus on managing big and small data with advanced analytics to improve decision making.
2. More focus on operational decisions. At the heart of decision management is the need to improve business operations for sustainable growth, which is why operational decisions – those critical repeatable decisions that link organizational strategy to the front-line interactions you have with customers and supply chains – will continue to gain attention as more organizations adopt a decision-centric approach to achieve intelligent business operations and sustainable competitive advantage.
For me, this shift from data to decision management is about making the shift from a focus on the What? and So What? of data to the Now What? of operational decision management. It’s the linking of these three essential decision-making elements:
other Forbes.com post for an illustration of this: Three
Essential Questions of Big Data: What? So What? Now What?.
And for more on the business value of taking a decision-centric approach -- the imperatives and benefits that are driving broader and broader adoption of decision management systems – you can download this whitepaper now: Becoming a Decision-Centric Enterprise.