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Pricing engines (or rating engines) such as a mortgage pricing engine or an insurance rating engine calculate optimal prices, rates, and other values in real-time. Different technologies have developed over the years to implement pricing engines within an...
Tips for Business Analysts on How to Write Business Rules Throughout the years, the business rules experts at Sparkling Logic have provided tips on how to write business rules. This post consolidates some of the best of the best with example business rules. Note, the...
Not All Business Rules are Created Equal The shortest distance between two points is a straight line. If only decision-making were that simple. Business rules (and decision) management has provided a framework for organizations to automate and optimize operational...
A compiled Rete-NT inference rules engine is one of the many dedicated execution engines that SMARTS™ Data-Powered Decision Manager provides. In this post, we take a closer look at inference rules engines, Rete-NT, and what sets SMARTS™ apart from the rest. Inference...
Predictive Modeling Examples Predictive models can be used to improve decision making throughout an organization’s daily operations and throughout their customer’s journey. Examples of predictive modeling applications include (but are not limited to): Customer...