IBM Operational Decision Manager v8 Features and Benefits
I am sure that many of you devout IBM users are familiar with WebSphere ILOG. IBM has rebranded that software line and is now sold as IBM Operational Decision Manager v8. Known as the acronym WODM v8 this is an enhanced version of IBM’s core business rules technology. The key features of the solution offers automation, control and management of operational decisions made on a daily basis at companies. WODM v8 applies to all vertical industries as they seek to enhance their decision-making processes.
IBM Operational Decision Manager v8 allows companies to make faster operational decisions in a more repeatable fashion. This type of decision-making reduces the risk to an organization due to the guiding principles and logic. The user feels more empowered and knowledgeable in the key decisions that are made and its expected outcome. WODM v8 allows today’s progressive companies the ability to act in real-time when making decisions and adapt to change much faster. As team members and clients become much more intelligent, their demands for more accurate information and transparency in decision-making, IBM WODM v8 provides this well-deserved change.
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Some of the key features of the solution are the ability to:
• Automate, govern, and improve operational decision-making across business processes and applications for better business outcomes.
• Make more profitable decisions with real-time detection of opportunities and risks.
• Easily, safely, and reliably implement changes in order to meet new market demands or policy requirements.
IBM WODM v8 also enables companies to develop applications that automate decisions such as:
• Risk assessments and fraud determinations
• Customer product and promotional offers
• Eligibility and pricing determinations
• Customer prioritization
IBM Operational Decision Manager v8 is made up of two products which can be sold separately. By leveraging both products, companies can get a very robust business rules and business events engine. IBM Decision Center v8 provides a consolidated repository for users to participate in the definition and governance of rules-based decision logic. Both business and IT functions can work together to make decisions that reduce the impact to the overall organization and are in line with a company’s business model and strategic objectives. IBM Decision Server V8.0 provides the backbone to automate decisions and create a quicker response time for the users and mgmt.. Companies will be able to monitor activity and make decisions based on different business scenarios and economic factors.
IBM business rules management technology is the driving technology and logic behind WODM v8. This technology allows for quicker response to time sensitive events and need for decisions. The tool is very scalable and has been developed with the user in mind. Each version and the core foundations of ILOG has made WODM and product of choice for those in need of a thorough and efficient business rules engine. There are 3 key benefits of using IBM WODM v8: 1) Enhanced business productivity for business users, 2) Simplified decision-making and 3) Improved performance and testing.
Sample Use Case
IBM WODM v8 is a great tool to be used in a company that has been challenged in making fast and smart decisions. The tool will work best when there are different lines of business with separate mgmt. chains all working under one technology or business executive. When business and technology objectives are set at a high level and business unit goals are passed down to the next level of mgmt., each level begins to manage their respective business under their own set of goals. This decentralization of decision-making creates risk and challenges. WODM v8 can used as a central tool for making decisions with input from various business units. This centralization takes away from individual decision-making and is more in line with a company’s overall strategic goal and those passed down from executive mgmt.
