Enterprise Decision Management

What is Enterprise Decision Management (EDM)?

Definition and meaning of Enterprise Decision Management

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)

What does EDM stand for?

When we refer to EDM as an acronym of Enterprise Decision Management, we mean that EDM is formed by taking the initial letters of each significant word in Enterprise Decision Management. This process condenses the original phrase into a shorter, more manageable form while retaining its essential meaning. According to this definition, EDM stands for Enterprise Decision Management.

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