Business Modeling and Analytics

by Brian J. Dooley

Business modeling currently describes a vast territory with conflicting purposes, methods, and outcomes. Some of the confusion is historical -- as between financial modeling and models created specifically for software development, for example. But greater confusion is created by convergence, as process models that were developed to reorganize corporations are merged with models created to chart data for software development and again with analytic models used to predict outcomes of processes under a given set of conditions. Financial models are also being incorporated into the mix, representing financial processes that can now be combined with other business processes. Tools capable of handling the very complex task of simple, universal modeling are emerging -- but slowly and from a variety of different disciplines.

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Business Modeling and Analytics1 November 2006