Value of Business Rules
Business rules have been around in the business world for a long time. There are mature software products on the market under the category of BRMS (business rules management system) that specifically codify, digitize, and manage large scales of business rules. Powered by advances in the software industry around decision modeling, advanced analytics, machine learning, process orchestration, low-code/no-code rapid application development, and constraint-based optimization, traditional BRMS has gradually evolved into modern day decision management system or digital decisioning platform.
If digital decisioning is the car, business rules are the fuel that powers its engine.
Benefits and Components
Business Rules Solutions
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