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It also supports monitoring of business performance captured through user-defined events, providing the building blocks for strategy orchestration and champion/challenger strategies.\r\n<span style=\"font-weight: bold;\">Core Benefits</span>\r\nMake faster, more consistent business decisions\r\nReduce time to market\r\nReduce total cost of ownership\r\nAutomation of decision processes minimizes the need for manual reviews, while ensuring consistency. The Blaze Advisor system delivers the highest decision processing speeds, for any number of rules at any level of complexity. It also makes exclusive use of Rete III, the most advanced commercially available inference engine, which benchmarks more than 300% faster than competitive engines at the highest levels of complexity.\r\nGo to market quickly with application development that is 25% faster than conventional methods, and without IT assistance. 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Decision owners and IT employees can collaborate to develop, version, and edit rules in a single-sourced environment. A BRMS helps businesses automate tasks, improve consistency, and shorten turnaround on policy changes. BRMS vendors provide tools for developing, tracking, and editing business rules. Often, these tools support both programmers and non-programmers. Vendors also provide an engine to simulate and validate business rules before they are implemented. \r\n<p class=\"align-center\">Business Rule Management System includes, at minimum:</p>\r\n<ul><li>A repository, allowing the defined rules to be managed in terms of versions and variants and be available for reuse;</li><li>A development environment, which provides tools for both technical developers and business experts to define and manage the business rules;</li><li>A runtime environment, allowing applications to invoke business rules management and execute it using a business rules engine;</li><li>A management environment that provides the ability to not only monitor the development and runtime environments, but also manage them both.</li></ul>","materialsDescription":"<h1 class=\"align-center\">What are the business rules?</h1>\r\n<div>Business rules are statements that will guide the proper functioning of your business. BRMS rules may be simple, or more complex, even involving rules of logic. But they have the function of basically defining what, where, when, why, and how something must be done within an organization.\r\nBusiness rule management system <span style=\"font-weight: bold;\">example:</span> if your company provides 10% discounts on purchases made through your website on a customer’s birthday, that’s a business rule.\r\nThis benefit (what) should be applied on the customer’s birthday (when), needs to happen in purchases through the site (where), with a value of 10% (how) to please the customer on their day – and, who knows, maybe persuade them (why).\r\nBut you must understand that the rules are as varied as possible and must always be in accordance with the policies, objectives, and specificities of each company.\r\nThey may create advantages associated with:</div>\r\n<ul><li>Reducing costs</li><li>Making company strategies stronger;</li><li>Assisting in decision-making processes;</li><li>Providing greater process control;</li><li>Providing benefits to customers in a controlled and well-planned manner;</li><li>Increasing process agility;</li><li>Reducing problems with customer defaults.</li></ul>\r\n<h1 class=\"align-center\"><span style=\"font-weight: bold; \">Why use a Business Rules Management System?</span></h1>\r\nA BRMS empowers companies to define and maintain the rules guiding a system’s decision workflow to determine what actions are enabled in any given circumstance. 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