What is Decision Management Tools?
Decision management, which is often known as enterprise decision management (EDM) and also, business decision management (BDM) involves all the factors of designing, building or managing the automated decision-making systems which an organization uses to handle its interactions along with its customers, employees and suppliers. Computerization has completely modified the way organizations are making their decision since it needs that they automate decisions, to manage the response times, and as it has enabled "information-based decisions" therefore, decisions which has based on analysis of past behavioral data, before decisions, and their results.
Benefits:-
- It enforces the organization to set goals to measure the success.
- Ongoing tracking , monitoring as well as management keep the business rules up to date
- It delivers efficient automation of decisions which drive day-to-day operations of an organization.
Features:-
- Enables the measurement of the progress
- Offers an organizational perspective
- Provides a framework for the Decision-Making