💣Decision models are not what you may think they are. The Decision Model and Notation (DMN) Standard allows you to build a model effectively representing business decisions.
Remember:
❌ A decision model is not a workflow or process
❌ It's not a #machinelearning model
❌ It's not about #data technologies
Instead, it's a high-level representation of decision-making, using a graphical diagram to enable communication and establish common understanding.
This model becomes your blueprint, showing:
🔹 What data you need for inputs
🔹 The nature of each decision unit
🔹 Required business knowledge (#businessrules, #optimization, #calculation, #machinelearning)
By using the Decision Model and Notation (DMN), you leverage the best practices of practitioners and knowledge professionals across industries on how to model business decisions.
💣 No guesswork, no upfront investment in #data hoping for the best! This is how #decisionintelligence works.
By focusing on decision models shifting away from data, you avoid the common pitfalls of data-first approaches:
🔸Excessive spending on unnecessary data infrastructure
🔸Collecting data that doesn't have any value
🔸Misalignment between data initiatives and business goals
Have you tried decision modeling in your organization? What challenges did you face?
Share your experiences or questions in the comments!
#decisionmodeling #businessintelligence #machinelearning #businessrules #datamanagement
Posted here.
Published July 5th, 2024 at 07:30 am
