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Policy Hubs: Progress Toward Decision-Centric BIProduct Type: Market Research ReportPublished by: IDC Published: February 2004 Product Code: R104-14681 Description This IDC study expands IDC's concept of the policy hub, providing greater
detail on the steps in the decision-making process. It distinguishes
traditional business intelligence, which emphasizes information access and
delivery to individuals, from decision-centric business intelligence (DCBI),
which supports a collaborative workflow for decision making. Highlighted are
the decision-centric activities of a group of vendors that, in a variety of
ways, are putting this concept into practice.
"Decision process automation enables greater consistency in the way decisions
are made," said Henry Morris, group VP for Applications and Information Access
at IDC. "This is important not only for competitive reasons, but also
increasingly for compliance reasons. Companies must demonstrate that decisions
were not arbitrary, but followed established procedures. Hence, they need an
auditable record of decisions and a defined decision process. Traditional
business intelligence does not address these issues. DCBI is a response to meet
these needs."Table of Contents Table of Contents IDC Opinion In This Study Situation Overview Policy Hub and Decision Process Automation Traditional Business Intelligence: Streamlining Information Access and Delivery Figure: Policy Hub and Decision-Centric BI Decision-Centric Business Intelligence: Addressing Collaborative Decision-Making Processes The Learning Gap Between Traditional Business Intelligence and DCBI Operational Versus Strategic Decisions Operational Decision-Making Initiatives Portfolio Management: Making Compound Decisions Vendor Strategies for DCBI Black Pearl: Analytics with Rules for Operational Decision Management Fair Isaac: Decision Optimization Mantas: Vertical Decisioning, Beginning with Financial Services Orenburg: Ease of Development for Decision-Centric Applications Spotfire: Innovations in Decision Capture Visual I/O: Innovations in Collaborative Decision Making Figure: Visual I/O: Collaborative Modeler Future Outlook Decision-Centric Platform or Applications? Essential Guidance Learn More Related Research Synopsis |
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