Business Rule Management System or BRMS is the process of implementing a decision logic across a multitude of applications in order to make them more robust in nature. Additionally, more benefits like increased productivity and enhanced performance are achieved with reduced risks and decreased costs. Automating the current processes in an enterprise is best possible with the implementation of a decision logic in the form of a business rule. Such business rules when introduced in mainstream processes of any organization will serve as opportunity boosters leading towards increased lead generation and better application performance.
The concept of BRMS is not new and has been embraced long before by companies like Red Hat. The term has been rechristened as Decision Manager with several new features included in it. BRMS is implemented within enterprises at various levels like module, service, organization, project, region and more. Given the current scenario in the marketplace and as per the Global Business Rule Management System Report 2019 by Crystal Market Research, the demand for BRMS is such that there will be a healthy growth of 11% achieved by 2024. The biggest reason behind such a huge surge is the unexpected change in the perception of BRMS by SMBs.
Setting aside business rules from the code of applications is the beauty of BRMS that has revved up the operational systems, which impacted the functioning of organizations directly. The report cannot be taken lightly as it is a comprehensive representation of the current state of businesses in global players such as Bosch and Fujitsu. Delving into detail about BRMS, the rules engine forms the crux that is impacted by facts, rules, actions, and results at various levels. Besides the ease of monitoring and reporting, it is the user-friendly interface of the process that won the hearts of many a user. Instead of focusing on an application’s functionality, a user could focus on other aspects like business value.
More organizations are increasingly looking towards a proven means that will help them in realigning with their existing business strategies. Rather, it helps in streamlining the decision-making process of enterprises through proper categorization of products besides pricing and distribution. The tool is so powerful that is capable of analysing trends by drawing comparisons between companies in Asia Pacific, Middle East, America, and more. Organizations are now on the verge of exploring BRMS for business planning and decreased G2M time besides enabling better communication among IT teams.
Diversifying business rules is possible irrespective of the nature of businesses. Hence, the likes of companies from the Healthcare and BFSI sectors find the concepts to be readily implementable. The penetrating approach of BRMS has sent shivers down the spines of organizations relying upon other conventional heavyweights such as Business Process Management (BPM). With more sectors like Retail and Manufacturing planning to join the bandwagon soon, it can now be ascertained that the current crop of enterprises would achieve Digital Transformation in near future. The fact that mission-critical applications can now be managed with increased ease through open-source frameworks is catapulting more organizations towards a secure future.
