Business Rules for Business Transactions: The Hidden Value of Event-Driven Business Rules Engines

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Business Rules Engines (BREs) have been getting more attention over the last few years. Seen as a way to increase the visibility and accessibility of a business’ core policies as they exist in applications and ensure a stronger alignment of business priorities and application systems, these engines are being used to automate a company’s business rules in a consistent and cost-effective manner.

 

According to the Gartner Hype Cycle graphic, BREs have exited the Trough of Disillusionment and will reach the Plateau of Productivity in less than 2 years.1 Gartner further highlights BREs as one of five new and emerging technologies that show potential for reducing expenses, increasing profitability, improving process efficiency, and generating new revenue in the insurance industry.

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