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How is EDM different from other approaches like BI or Knowledge Engineering?

There are a few key elements that differentiate EDM solutions and technology from other approaches:

  • Closed-loop capability for designing, deploying and executing decisions processing
  • Flexibility for rule-based and/or analytic model based decision processes
  • Business user control of the decision logic and decision process
  • In-stream transaction flow; decision intelligence is placed into the transaction processing stream for real-time decisions
  • Independence from application and database logic; decision logic can be updated in one central location and that update will carry out to various sub-systems, regardless of their underlying technology
  • Ability to represent and simplify complex decision logic, in the form of standardized scores, decision tables or English-like business rules
  • Auditable decisions;  ability to understand why an automated decision was made that way it was

 

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