Management decision solutions assists organizations in building data-driven decisions by applying business rules, analytics, business intelligence, artificial intelligence (AI), predictive analysis, and related technologies. The solutions also aids in improving the agility, speed, and precision of the decision-making processes of any organization. Management decision solutions are intended specifically for business managers in order to provide them better control over the organization’s decision strategies. By management decision solutions, enterprises can control, authorize, and automate decisions to increase value and consistency in customer communications and ensure compliance with regulations.
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Companies Profiled in this Report Includes: Fair Isaac Corporation (FICO), SAS Institute Inc., ACTICO GmbH, Experian Information Solutions Inc., Decision Management Solutions, Sapiens International Corporation, TIBCO Software Inc., Oracle Corporation, SPSS Inc., Sparkling Logic, IBM Corporation, OpenRules and Others,
Quickly changing competitive situations have fortified enterprises to adopt management decision solutions to improve the operational efficiencies. The Banking, Financial Services, and Insurance (BFSI) companies deal with critical credit management and need to efficiently manage collection management and fraud detection management for its day to day financial operations. Swelling number of repeatable operation decisions daily is expected to drive the demand for management decision software in the BFSI vertical. These are some of the key features that have contributed to the large adoption of management decision solutions by the BFSI industry. The BFSI industry has been a foremost contributor, in terms of the revenue generated, in the management decision market.
The demand for management decision solutions is growing at a rapid pace among enterprises across the world. This is primarily due to rise in requirement to automate high-volume decisions across the organization and to bring consistency, agility, and accuracy in the decision-making procedure. Though, resistance of middle management to adopt management decision solutions is one of the key factors expected to restrain the expansion of the management decision solutions market around the globe.
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