Friday, August 21, 2020

PEGA Decisioning - Balancing Business Objectives and customer needs

To Balancing Business Objectives and customer needs, its good to remember the following points.

  • Always-On customer brain stands behind the NextBestAction
  •  Business Logic is an iterative development. We will develop with the current requirement and based on the customer behavior, we will change the Strategy
  • The Key Elements in Implementing the Business Logic is:
  • Business Issue * Group. All propositions will be added under any specific Group only
  • Propositions - Proposition Catalogue will be maintained
  • Prioritization - BL-Strategy
  • Use the NBAM components to implement the logic Strategy. ADM is used to predict the customer Propensity and learning the data real-time.
  • Predictive models will be used to learn from Existing models
  • All Decisioning Strategy business rules are classified under Hard & Soft Rules. Eligibility rules are Hard rules and all Decision Data (Control param), Arbitration components are Soft rules
  • Break the whole logic into Small sub strategies logically and process the Propositions in each stage to apply the proposition selection process
  • Eligibility Rules are always determined as Hard Rules
  • Prioritization component will be used to determine the Top offer at any given time.
  • BusinessIssue and Group is something we want to think first before implementing NBAM project
  • NBAM project is not a finished product. We want to learn and make the continuous changes to make the better decision 
    • Apply BML methodology to keep optimizing the Strategies to drive the business outcome 
    • B-Build - Make the Strategy/Logic changes
    • M-Measure - Measure the performance of the Strategy 
    • L-Learn - Learn the feedback from Customer 
      • Repeat the BML method again. 
Happy Learning!

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