Enterprise Decision Management (EDM)

What is Enterprise Decision Management (EDM)?

Enterprise Decision Management (EDM) is an enterprise approach that applies analytical and rule-based systems to manage and deploy all operational decisions.

EDM uses the capabilities of analytics, artificial intelligence (AI), automation, decision science, business intelligence (BI), and visualization to build robust decision frameworks for any business process. It can automate high-volume processes of making decisions while effectively managing the decision flow across the system. With proper implementation, an organization can gain many business benefits from EDM such as enhanced efficiency in routine operational decision processes and reduced cycle times with automation. Qsutra's Enterprise Decision Management solution helps organizations understand customer perspectives as well as business trends so they can make better decisions in order to initiate better plans for their organization's success.

EDM emerged from the need to facilitate high-volume enterprise decisions. Enterprises apply EDM processes to business and technology infrastructures for the following reasons:

• To generate a higher return on older investments
• To increase business decision complexity
• To mitigate competitive stress resulting from increasingly complicated decisions
• To capitalize on the limited competitive benefit opportunity (IT struggles to keep pace with business development)

Enterprise Decision Management Systems

Organizations need EDM to:

• have a robust decision support system,
• assess critical current conditions and
• minimize the risk.

Enterprise Decision Management is a holistic approach to enhancing decision support systems. Organizations can take advantage of Decision Science to make Smarter & Timely Decisions for all aspects of their Operational Business Processes. With proper implementation, organizations can gain a lot of business benefits from Enterprise Decision Management. EDM can be applied in all departments of an organization whether it’s Manufacturing, Finance, Marketing, R&D, Logistics, Production, Sales, etc. Implement our Decision Frameworks to enhance your existing Decision Support System and make Smarter Business Decisions. Decision Frameworks can be customizable, scalable, and easily adaptable to a workforce environment and operational infrastructure.

Enterprise Decision Management Systems can transform the way businesses make decisions. They enable businesses to use the information they already have to make better decisions—decisions that are based on predictive analytics rather than on past history. Decision management systems automate the process of making decisions, particularly day-to-day operational decisions. They improve the speed, efficiency, and accuracy of routine business processes, in part by reducing the need for human intervention. By automating decisions, organizations in every industry can improve interactions with customers, partners, suppliers, and employees. In addition, organizations that are highly regulated, such as financial services, health care, and insurance, can more easily achieve compliance as a result of repeatable, traceable decisions.