What is Enterprise Decision Management (EDM)?

What does EDM stand for?

Enterprise choice management (EDM) is an Business enterprise approach that applies analytical and rule-based sySTEMs to manipulate and set up all operational selections, which includes Relationships with employees, suppliers and customers.

The automatic EDM motion altered the corporation choice-making manner with the aid of incorporating Data-based totally selections based on historic behavioral statistics, in addition to prior choices and their outcomes.

What Does Enterprise Decision Management Mean?

EDM eMerged from the need to facilitate high-Volume company choices.

Enterprises practice EDM tactics to commercial enterprise and era infrastructures for the following motives:

• To generate a higher return on older investments
• To increase commercial enterprise decision complexity
• To mitigate competitive pressure because of increasingly complex decisions
• To capitalize on the limited competitive advantage opportUnity (IT struggles to keep tempo with business improvement)