APR 1, 2014 5:00am ET

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Decision Management and Responding in Real Time

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In previous columns I have discussed the importance of focusing on operational decisions when applying advanced analytics. Most organizations have a huge opportunity if they can use advanced analytics to improve their day-to-day operational decision-making, not just strategic and management decisions. Improving these types of decisions can reduce fraud, improve risk management and increase customer satisfaction. Decision management has another key benefit, though: Itís an effective tool for organizations that need to respond in real time.

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