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2. Can we schedule multiple workflows? For ex: We will schedule around 20 workflows at same time.
You are able to schedule different workflows, and they can be run simultaneously. But I would not recommend running 20 simultaneously. Our soft-recommendation is to only run (The number of logical cores on your server / 2). So if your server deployment has 8 cores, we'd only recommend running 4 simultaneously.
Below is a more comprehensive resource on scaling your deployment appropriately.