Source: Wikipedia

Automated Decision Support

Automated Decision Support systems are based on business rules. These business rules can be created or operated by the business analytics. The business rules can trigger an automatic decision that is part of the business informatics.

ADSs are most useful in situations that require solutions to repetitive management problems mostly using electronically available information. The required knowledge and relevant decision criteria must be very clearly defined and structured. The problem situation at hand must be clear and well understood.

Components to ADSs are also provided by software development companies. The following components are provided:

Rules engines
Mathematical and statistical algorithms
Industry-specific packages
Enterprise systems
Workflow applications

Enterprise Decision Management

Enterprise Decision Management, commonly abbreviated "EDM", entails all aspects of managing automated decision design and deployment that an organization uses to manage its interactions with customers, employees and suppliers. Computerization has changed the way organizations are approaching their decision-making because it has enabled "information-based decisions" - decisions based on analysis of historical behavioral data, prior decisions, and their outcomes.

Enterprise Decision Management is described by the Cutter Consortium: "Enterprise decision management (EDM) is emerging as an important discipline, due to an increasing need to automate high-volume decisions across the enterprise and to impart precision, consistency, and agility in the decision-making process." and goes on to say that EDM is implemented "via the use of rule-based systems and analytic models for enabling high-volume, automated decision making."

Organizations seek to improve their Decision Yield (the value created through each decision) by deploying business processes and software solutions that better manage the tradeoffs between precision, consistency, agility, speed, and cost of decision-making within organizations. The concept of Decision Yield focuses on five key attributes of decision-making: more targeted decisions (Precision); in the same way, over and over again (Consistency); while being able to adapt ?on-the-fly? (Business Agility) while reducing cost and improving speed, is an overall metric for how well an organization is making a particular decision. Decision Yield is described in this 'Harvard Business Review' article Little Decisions Add Up.

Organizations are adopting EDM technology and business processes because they need a higher return from previous infrastructure investments, are dealing with increasing business decision complexity, face competitive pressure for more sophisticated decisions and because increasingly short windows of competitive advantage means that the speed of business is outpacing speed of Information Technology to react.

The topic of EDM has recently been extensively covered in the book "Smart (Enough) Systems", which argues that applying the approach to operational decisions is an effective way to make information systems smart enough to be useful (as distinct from intelligent in the sense of Artificial Intelligence).

Other terms used include "Intelligent Process Automation" (where EDM is combined with Business Process Management) and "Decision Management".

Business Process Management

Business Process Management
Business Process Management Terms
Automated Decision Engine
Automated Decision Engine Terms
Document Imaging
Document Imaging Terms
Key Performance Indicator
Key Performance Indicator Terms
Process Mapping
Process Mapping Terms
Return on Investment
Workflow Automation
Workflow Automation Terms

Disaster Recovery

Disaster Recovery
Disaster Recovery Terms


GPS Logistics
GPS Logistics Terms
Logistics Terms

Marketing and Sales

Social Networking Sites
Blogging Terms
Customer Relationship Managment
Customer Relationship Management Terms
Email Marketing
Email Marketing Terms
Search Engine Optimization
Search Engine Optimization Terms
Social Networking
Social Networking Terms
Viral Marketing
Viral Marketing Terms

Project Management

Project Management
Project Management Terms
Request for Proposal
Requirements Gathering
Requirements Gathering Terms

Software and Database Design

Database Development
Database Development Terms
Information Silo
Nearshoring Terms
Offshoring Terms
Software Design
Software Design Terms
Software Development
Software Development Terms

Web Site Design

Commercial Off-the-Shelf
Commercial Off-the-Shelf Terms
Content Management CMS
Content Management CMS Terms
Extranet Terms
Intranet Terms
Web Site Design
Web Site Design Terms