Five V’s of Decision Management
Blog: Decision Management Community
A new article by Koen Smit discusses 5 characteristics of operational decision management:
- Volume corresponds to the number of times a decision is made within a certain time period
- Velocity represents how fast a decision must be taken
- Variety corresponds to the variety in execution paths of a decision
- Veracity denotes the accuracy with which a decision should be taken
- Value indicates the value that the decision represents for the organization.
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