Decisions, Decisions...
Mark Norton, chief technology officer of Idiom Ltd, outlines the benefits automated decisioning can bring to an organisation and offers some tips on how a decisioning solution can be implemented effectively...
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An essential ingredient of business success is the ability to make the right decisions at the right time. How you make a series of routine, critical decisions is the key to differentiating your business in the market – and to achieving the outcomes that you need to thrive as an organisation. Your business, whether it is a commercial, government, or other enterprise, is really driven by a series of time-critical decisions. Decisions govern every aspect of your corporate processes. By way of example, decisions governing a sales process might include:
To operate effectively, what you know as an organisation needs to be strongly reflected in your decision-making behaviour. The power of decisioning Decisioning can be defined as: ‘acquiring and leveraging proprietary knowledge through the systematic discovery, classification, specification and automation of the decisions that drive your business’. And in this context, a decision is: ‘the application of proprietary knowledge to interpret and evaluate situational data to achieve the purpose of the enterprise’. Decisioning allows the organisation to extend and control its business processes by inserting plug-and-play software components directly into the processes, thereby implementing fast, reliable, automated decision-making. Decisioning is the business user’s “remote-control”, guiding and directing the computerised processes as they go about their business, quickly and accurately. By combining decisioning with your data, you create a dynamic, knowledge-based enterprise that can adapt quickly to opportunities and threats – a ‘learning organisation’. Let’s envisage a scene where you are confronted with a market change that requires your organisation to respond differently – in other words, new decisions are required. In a decision-centric system, you simply use the power of the decisioning layer to implement timely, efficient decision logic changes. Being able to develop, model, test, and deploy your decision-making in “market-time” is the key to business agility. The weight of the time-draining ‘system development life cycle’ is only required when you need to add new structural capabilities to the infrastructure. Decisions are the most dynamic of the systems components – new decision models can be created as fast as the business can learn. But our traditional systems methodologies are highly resistant to dynamic requirements. By segregating out responsibility for decisioning, we remove a burden from the old juggernaut development process, reserving its costly and resource intensive SDLC for development of core infrastructure and capability. Furthermore, compliance with decision making guidelines in such critical areas as the assessment and acceptance of clients, products, prices and terms, is usually a corporate, if not a legal, imperative. Many organizations invest heavily in training, processes and systems to ensure that line decisions comply with these declared guidelines. Decisioning is an approach that compliments this by ensuring that relevant guidelines are applied automatically “at the point of sale” to ensure provable, auditable compliance at all times. Five keys to implementing effective decisioning Here are five things to consider.
For more information Idiom Ltd markets the IDIOM Decision Suite and related products, enabling business users to define their core business knowledge directly into business computer systems using IDIOM’s graphical user interface. 7/9/8_ex_nl_h_m |
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