By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    construction analytics
    5 Benefits of Analytics to Manage Commercial Construction
    5 Min Read
    benefits of data analytics for financial industry
    Fascinating Changes Data Analytics Brings to Finance
    7 Min Read
    analyzing big data for its quality and value
    Use this Strategic Approach to Maximize Your Data’s Value
    6 Min Read
    data-driven seo for product pages
    6 Tips for Using Data Analytics for Product Page SEO
    11 Min Read
    big data analytics in business
    5 Ways to Utilize Data Analytics to Grow Your Business
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: Business rules, accelerating change and Decision Management
Share
Notification Show More
Latest News
cloud-centric companies using network relocation
Cloud-Centric Companies Discover Benefits & Pitfalls of Network Relocation
Cloud Computing
construction analytics
5 Benefits of Analytics to Manage Commercial Construction
Analytics
database compliance guide
Four Strategies For Effective Database Compliance
Data Management
Digital Security From Weaponized AI
Fortifying Enterprise Digital Security Against Hackers Weaponizing AI
Security
DevOps on cloud
Optimizing Cost with DevOps on the Cloud
Development
Aa
SmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Quality > Business rules, accelerating change and Decision Management
Business IntelligenceData QualityInside Companies

Business rules, accelerating change and Decision Management

JamesTaylor
Last updated: 2011/01/04 at 3:38 PM
JamesTaylor
4 Min Read
SHARE
- Advertisement -

 

Copyright © 2011 http://jtonedm.com James Taylor

- Advertisement -

 

More Read

Digital Security From Weaponized AI

Fortifying Enterprise Digital Security Against Hackers Weaponizing AI

10 Ways How Artificial Intelligence Is Changing the Content Writing Landscape
How IoT Can Be Connected to Business Intelligence
Use this Strategic Approach to Maximize Your Data’s Value
Amazing AI-based Image Upscaler From VanceAI

Copyright © 2011 http://jtonedm.com James Taylor

Randy Heffner had a post late last year that I just got to – Business 2011 Gets Faster; Business Rules And SOA Policy Get More Important. Randy makes the key point that while the pace of change means you cannot afford to lock up your business logic in traditional code, you also can’t just let business people write their own code as the reality of most company’s information systems is simply too complex. This, he rightly points out, sets up the value proposition for business rules.

With the business environment more uncertain than ever and the pace of change accelerating the pressure on companies to make their information systems more agile is growing – few companies can be more agile than their information systems. Using a business rules management system (BRMS) to externalize the logic in these systems so it can be rapidly and easily changed by business people and IT in collaboration can deliver this agility. But with increased competition, lower margins, complex supply and demand chains and customers’ expectations of real-time, personalized interactions these more agile systems must also be smarter. The good news is that, applied correctly, business rules can help with this too. By acting as a platform for more advanced analytics and making it easier for systems to learn and adapt, business rules make for smarter systems (or Smart (Enough) Systems).

- Advertisement -

Applying Decision Management transforms hard-to-change enterprise applications into action-oriented, flexible, predictive, smarter systems that learn and adapt – smarter systems. You don’t have to rip out and replace existing applications wholesale – you can use decision management to apply business rules and predictive analytics incrementally gradually building smarter systems. Smarter systems that are action-oriented, flexible, predictive, and learn and adapt:

  • Smarter systems are action oriented.
    Smarter systems act rather than wait—they don’t assume that people must take action but take action on your behalf when it is needed. A smarter system makes decisions.
  • Smarter systems are flexible.
    Smarter systems have all key business decisions and parameters visible, understandable and changeable in a business rules management system, not buried in software code or company manuals. The business is in the driver’s seat.
  • Smarter systems are predictive.
    Smarter systems use analytically-derived rules to turn your company data into insights about your customers, and your business. Smarter systems turn you away from the rear view mirror of business intelligence.
  • Smarter systems learn and adapt.
    Because smarter systems have all key business decisions and parameters visible, understandable and changeable, you can test how these decisions might be made differently. Smarter systems employ learning models and adaptive control so they get smarter over time, and you get better business results.

I recently wrote this post on legacy modernization using business rules (it has links to some other oldies but goodies) and you might want to check out a white paper I wrote on this – Smarter Systems for an uncertain world.

JamesTaylor January 4, 2011
Share this Article
Facebook Twitter Pinterest LinkedIn
Share
- Advertisement -

Follow us on Facebook

Latest News

cloud-centric companies using network relocation
Cloud-Centric Companies Discover Benefits & Pitfalls of Network Relocation
Cloud Computing
construction analytics
5 Benefits of Analytics to Manage Commercial Construction
Analytics
database compliance guide
Four Strategies For Effective Database Compliance
Data Management
Digital Security From Weaponized AI
Fortifying Enterprise Digital Security Against Hackers Weaponizing AI
Security

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

Digital Security From Weaponized AI
Security

Fortifying Enterprise Digital Security Against Hackers Weaponizing AI

11 Min Read
AI-powered content writing tools
Artificial Intelligence

10 Ways How Artificial Intelligence Is Changing the Content Writing Landscape

8 Min Read
internet of things and business intelligence
Internet of Things

How IoT Can Be Connected to Business Intelligence

6 Min Read
analyzing big data for its quality and value
Big Data

Use this Strategic Approach to Maximize Your Data’s Value

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?