Deep Das
Anvi Staff answered 3 years ago
A decision is a choice among defined alternative approaches. It includes the process of collecting and evaluating information about a situation, identifying a need for a decision and the relevant alternative approaches, selecting the best or most suitable approach from a pool of defined alternative approaches, and applying the selection to the situation. Decision automation systems work no differently. Therefore, decision automation systems can also help to fully or partially automate a certain decision process.
Decision Automation uses artificial intelligence (AI), data, logic, and business rules to automate decision-making processes in a wide variety of business areas. The rules and logic allow you to navigate through a particular decision-making process until a clear and precise decision can be made.
Machine learning (ML) enables computers to learn directly from examples, data, and experience and to find rules or patterns that a human programmer has not explicitly specified, is used for predictive analysis for predicting what will happen in the future or for determining which ones likely (probabilistic) impact facts from the past have to implement.
An algorithm based on a quantitative, logical, heuristic, statistical, and/or artificial intelligence technologies processes all existing and relevant data. The algorithm specifies one or more actions to be taken in the situation. Inputs and certain events then trigger rules and programmed instructions or actions in order to make a decision.
Given below are some of the Best Decision Automation Systems:
IBM Watson Decision Optimization: IBM Watson Decision Optimization helps businesses make data-driven decisions by optimizing complex processes and scenarios. It offers advanced analytics and optimization capabilities to improve operational efficiency and resource utilization. Website: https://www.ibm.com/watson/
Pega Decision Management: Pega Decision Management is a powerful decision automation platform that enables organizations to deliver personalized customer experiences and optimize business processes. It uses AI and predictive analytics to drive real-time decision-making across multiple channels. Website: https://www.pega.com/
SAS Decision Manager: SAS Decision Manager is a comprehensive solution for automating and optimizing business decisions. It provides advanced analytics, rules management, and decision logic capabilities to help organizations make faster, more accurate decisions. Website: https://www.sas.com/en_us/software/decision-manager.html
Oracle Decision Management: Oracle Decision Management is a cloud-based decision automation platform that enables organizations to automate and optimize their decision-making processes. It offers predictive analytics, machine learning, and business rules capabilities to drive better outcomes. Website: https://www.oracle.com/
FICO Decision Management Suite: FICO Decision Management Suite is a leading decision automation platform that helps businesses make smarter, faster decisions. It offers advanced analytics, decision rules, and optimization capabilities to drive better business outcomes. Website: https://www.fico.com/
TIBCO Decision Manager: TIBCO Decision Manager is a powerful decision automation platform that enables organizations to automate and optimize their decision-making processes. It offers real-time analytics, business rules management, and machine learning capabilities to drive better outcomes. Website: https://www.tibco.com/
ACTICO Decision Management: ACTICO Decision Management is a comprehensive decision automation platform that helps organizations automate and optimize their decision-making processes. It offers advanced analytics, decision rules, and optimization capabilities to drive better outcomes. Website: https://www.actico.com/products/decision-management
Appian Decision Rules: Appian Decision Rules is a part of the Appian low-code automation platform that enables organizations to automate and optimize their decision-making processes. It offers business rules management, decision modeling, and analytics capabilities to drive better outcomes. Website: https://www.appian.com/
Genpact Cora Decision Sciences: Genpact Cora Decision Sciences is a leading decision automation platform that helps organizations make smarter, faster decisions. It offers advanced analytics, machine learning, and optimization capabilities to drive better business outcomes. Website: https://www.genpact.com/
Nidhi Staff answered 11 months ago
Decision automation refers to the use of technology and algorithms to streamline and automate decision-making processes within an organization. By employing predefined rules, logic, and data, decision automation systems can evaluate complex scenarios and make choices without the need for direct human intervention.
This enhances operational efficiency, reduces errors, and accelerates the decision-making timeline. Decision automation is particularly beneficial in areas such as business processes, customer service, and data analysis, where routine decisions can be systematized, allowing human resources to focus on more strategic and nuanced aspects of decision-making.