New Book Release: Real-World Decision Modeling with DMN
Blog: Lux Magi - Decision Management for Finance
I am really proud to announce the release of James Taylor’s and my definitive guide to decision modeling with the Object Management Group’s Decision Model and Notation (DMN) standard. The book, “Real-World Decision Modeling with DMN”, has been published by Meghan-Kiffer Press and is now on general release, available from amazon in paper and kindle versions.
Decision Modeling is an important new technique for improving the effectiveness, consistency and agility of an organization’s operational decisions and a vital adjunct to the continuous improvement of its business processes. DMN is a standard that is integrated with many other established industry standards. It has been created by experienced practitioners and ratified by a prominent standards authority. It is flexible and extensible. It is already supported by over 14 software tools. Indeed, DMN represents the most complete and best supported means of modeling business decisions that is currently available or likely to become available in the near future.
“A well-defined, well-structured approach to Decision Modeling (using the OMG international DMN standard) gives a repeatable, consistent approach to decision-making and also allows the crucial ‘why?’ question to be answered—how did we come to this point and what do we do next? The key to accountability, repeatability, consistency and even agility is a well-defined approach to business decisions, and the standard and this book gets you there.”
— Richard Mark Soley, Ph.D., Chairman and CEO, Object Management Group, Inc.
This comprehensive book provides a complete explanation of the Decision Modeling technique and how it aligns with Decision Management and Digital Transformation. It describes the DMN standard focusing on the business benefits of using it. Full of examples and best practices developed on real projects, it will help new decision modelers to quickly get up to speed while also providing crucial patterns and advice for more those with more experience. The book includes a detailed method for applying decision modeling in your organization and advice on how to select tools and start a pilot project. Find out more about the content. For more information contact email@example.com
Over 220 practical illustrations +47 best practices +13 common misconceptions to avoid +12 patterns and approaches +3 worked examples
What People are Saying About Real-World Modeling with DMN
“This comprehensive and incredibly useful book offers a wealth of practical advice to anyone interested in decision management and its potential to improve enterprise applications. Using a blend of user case studies, patterns, best practices and pragmatic techniques, “Real-World Decision Modeling with DMN” shows you how to discover, model, analyze and design the critical decisions that drive your business!”
—David Herring, Manager of BPM & ODM Delivery at Kaiser Permanente.
“Well written and very impressive in its scope.”
—Alan Fish, Principal Consultant, Decision Solutions, FICO and author of “Knowledge Automation: How to Implement Decision Management in Business Processes”.
“If you are looking for a complete treatise on decisions, look no further. Even though you end up in decision modeling and Decision Modeling Notation (DMN), you are treated to all the aspects of decisions explained with great care and clarity. This is a greatly needed book that will be studied by decision managers and practitioners for the next decade or more. It will end up on my physical and logical bookshelves.”
—Jim Sinur, Vice President and Research Fellow, Aragon Research.
“Written by two of the foremost experts in decision management, this book provides an extensive exploration of business decisions and how they are used in modern digital organizations. Taylor and Purchase distill for us the why, how, when and where to apply decision modeling in order to specify business decisions that are effective. Going beyond just an introduction to the Decision Model and Notation (DMN), the authors position this standard with respect to other well established standard notations such as BPMN. This is truly a first comprehensive handbook of decision management.”
—Denis Gagne, Chair of BPMN MIWG, CEO & CTO at Trisotech.
“This book contains a wealth of knowledge and brings together the expertise of two decision management & modeling authorities. It is written by and for professionals, and I particularly like the numerous real-world experiences, best practices, misconceptions, patterns and business examples.
At the same time, because the Decision Model and Notation (DMN) standard is used throughout the book, it is also a full and readable description of all aspects of the standard, from the business value, the business context, the decision requirements level, all the way to FEEL and decision tables (a part which I read with specific care). All well elaborated and clearly explained. A must read.”
—Jan Vanthienen, Professor of Information Management, Business Information Systems Group, KU Leuven (Belgium), Pioneer of Decision Table Theory and Long Term Contributor to Business Rules, Decisions, Validation and Verification Research.
“I highly recommend this book to anyone who is interested in Decision Management and especially decision modeling. The authors use their knowledge and industry experience to explain, both generally and in detail, why you cannot neglect decision management and modeling for business or IT development. The great value of the book is the comprehensive insight into decision modeling and the DMN standard, grounded in real-world cases. It works as a text book and for newcomers to Decision Management.”
—Odd Steen, Associate Professor, Department of Informatics, Lund University.
“A comprehensive and very readable treatment of the subject, covering both the theory and practical application of DMN, and illustrated with plenty of examples and advanced techniques. An invaluable companion.”
—Jolyon Cox, Development Director, RapidGen Software Ltd.
“As a long-time Decision Management consultant and practitioner, it is important for me to have an objective Decision Management reference available. With “Real-World Decision Modeling”, I’ve now found a comprehensive practical guide. James Taylor is clearly the premier authority on Decision Management, and he has teamed up with Jan Purchase to produce the authoritative text on Decision Modeling. For locating a particular best practice, identifying a way to integrate the Decision Management Notation with another notation, or referring a less experienced colleague or client to a good decision modeling information source, and much more, this book is the definitive work.”
—Dan Binney, Harmony Solution Services LLC.
About the Authors
James Taylor is a leading expert and recognized thought leader in Decision Management. Decision Management has been James’ focus for the last 13 years and he is almost certainly the best known proponent of the approach. He is the author of several books on the subject including Decision Management Systems: A Practical Guide to using Business Rules and Predictive Analytics (IBM Press, 2012). One of the original submitters of the Decision Model and Notation standard, he has been using decision modeling on client projects since 2011 and led the development of DecisionsFirst Modeler, a DMN-based modeling platform. He works with companies and software vendors to help them implement Decision Management and Decision Modeling.
Jan Purchase has been working in investment banking for 19 years, the last 13 of which he has focused exclusively on helping clients with Business Decisions, Decision Modeling (in TDM and DMN), Business Rules, Business Rule Management Systems (BRMS) and Business Process Modeling. He is a founder of Lux Magi Financial Rules (Lux Magi): a company specializing in delivering, training and mentoring all of these concepts to financial organizations. Lux Magi’s clients benefit from the adoption of Decision Modeling, it enables them to master, communicate and adapt complex business policies against tight deadlines. Jan’s many publications and the blog Decision Management for Finance highlight the practical lessons learned from applying Decision Modeling and BRMS at scale and provide useful insight to Lux Magi’s clients and vendor partners.
About Decision Management Solutions
Decision Management Solutions specializes in helping organizations build decision-centric, action-oriented systems and processes using an approach of decision management, business rules and advanced analytic technologies. Decision modeling is the cornerstone for developing requirements for these next generation systems and processes. Our complete set of training, consulting and decision modeling software eases implementation and ensures long-term success.
About Lux Magi
Lux Magi helps investment banks and other finance companies worldwide to leverage the power of Business Decisions, Business Decision Modeling and Business Decision Management to develop, control, automate and optimize their business policies and compliance procedures. Lux Magi has been applying Decision Modeling to finance and regulatory compliance projects since 2011 to support their clients in becoming and remaining compliant with ever changing regulations.
About Meghan-Kiffer Press
Meghan-Kiffer Press is a specialty publisher founded by thought leaders in business technology. Meghan-Kiffer mission is to publish game-changing books about innovation at the intersection of business and technology.
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