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2023 SPARK Matrix™ for Digital Decisioning Platform by Quadrant Knowledge Solutions

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The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Digital Decisioning Platform Vendors.

5th July, 2023: Quadrant Knowledge Solutions announced today that it has published SPARK Matrix analysis of the global Digital Decisioning Platform Market.

The Quadrant Knowledge Solutions SPARK Matrix™: Digital Decisioning Platform includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading Digital Decisioning Platform vendors in the form of its SPARK MatrixTM. The study provides strategic information for users to evaluate different vendor capabilities, competitive differentiators and market positions.

According to Arun U, Analyst at Quadrant Knowledge Solutions, “A digital decisioning platform is a software solution or suite that uses data-driven and rule-based techniques to automate decision-making processes within organizations”. Arun adds, “The growth of the digital workforce and rising digital sophistication are some of the crucial driving factors of digital decisioning platforms, enabling them to offer extensive capabilities such as rules engine, AI,ML & advanced analytics, workflow management, model management, decision analytics, low code-no code authoring, and others. Moving forward, vendors are focusing on enhancing their modern data platforms by improving simulation capabilities and ease of integration with other products and services, enhancing and modernizing the business rules engine with better visual metaphors and UX, and innovating the platform by continued deployment in multi-cloud environments and intelligence services”.

According to Apoorva Dawalbhakta, Associate Director at Quadrant Knowledge Solutions, “A promising trend in the field of digital decisioning platforms is the increasing shift to a SaaS and Cloud based deployment approach, thus saving resources and ensuring enhanced security leading to decreased vulnerability of customers to cyber-attacks. The SaaS and Cloud deployment approach enables users to customize to client-service configurable products, apart from promoting clients to adopt cloud containerization which helps to create and deploy applications faster and securely. This remains particularly significant since containerization combines the application code with any necessary configuration data, libraries, and dependencies. By enhancing, scalability, isolation, resource efficiency, easing version control and rollbacks, and enhancing fault tolerance, containerization benefits the digital decisioning platform. These advantages support the platform’s adaptability, dependability, and maintainability”.

Since the decisioning process involves gathering information from multiple sources, conducting analysis, and using the findings to guide decisions, organizations are facing challenges due to the absence of a common portal. The common portal gives centralized access to users by consolidating multiple resources into a single platform, thus enabling seamless integration of data from various databases and applications. Moving forward, the digital decisioning platform vendors are actively planning to collaborate and incorporate relevant digital channels to deploy client built custom machine-learnt models and to improve strategy design.

The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. This study includes an analysis of key vendors, including ACTICO, CRIF, DECISIONS, Experian, FICO, FlexRule, IBM, InRule, Pegasystems, Progress, Sapiens, SAS, Sparkling Logic, and TIBCO Software.

About Quadrant Knowledge Solutions

Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients as a strategic knowledge partner in achieving business transformation goals with Strategic Business and Growth Advisory Services. Quadrant’s research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.

For more information, visit: https://quadrant-solutions.com  

Contact:
Mr Ajinkya Ingle
Quadrant Knowledge Solutions
Regus Business Center 35 Village Road, Suite 100,
Middleton Massachusetts 01949 United States
Email: ajinkya@quadrant-solutions.com
Phone: (+1) 978-605-1066