How Does a BRMS Support Decision Management?
cheryl wilson 270003VHSH firstname.lastname@example.org | | Tags:  rules-engines business-rule-management business-rules brms decision-management
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I’m starting the year off with a focus on business rules for two reasons:
This recent InfoWeek article – The Power of Business Rule Management – does a nice job in 2.5 pages of describing the what, how and why of business rule management systems (BRMSs) and the important role they play, and will continue to play, in decision management.
Key topics covered:
As James Taylor mentions in this article “there are many other things that you can do with business rules (e.g., improve data quality, manage user interfaces, etc.), the use of business rules to manage decisions is what makes a BRMS compelling."
Next week’s post will focus on a competitive review of four Operational Decision Management offerings by Lustratus Research. Operational Decision Management (ODM) is being described as the next generation of business rule management technology. It is the part of Decision Management that uses business rules and events technologies to automate, optimize and govern repeatable (operational) decision making, ultimately enabling business users to directly manage and modify business decisions within a business context (e.g., being able to prevent fraud, speed credit approvals, improve claims processing, etc.).
Stay tuned. And happy new year.