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About EDM

Enterprise Decision Management (EDM), or Business Decision Management (BDM) as it is sometimes known, is an approach for automating and improving high-volume operational decisions. Focusing on operational decisions, it develops decision services using business rules to automate those decisions, adds analytic insight to these services using predictive analytics and allows for the ongoing improvement of decision-making through adaptive control and optimization.

The five concepts identified in italics in the definition above and shown in the figure below underlie the approach. Decision Services provide a standard architectural concept to handle decision automation, business rules are the backbone of decision automation while predictive analytics ensure that corporate data is put to work in automated decision making. Finally adaptive control and related optimization techniques ensure that the inherent uncertainties involved in decision making can be managed and that decisions can be improved over time.

EDM Operational Decisions