Hello Arun.
A Timer that processes batches and is constantly running, in some scenarios, may be a possibility.
If you mean one record once in a while, you can take a look on BPT. https://www.outsystems.com/training/courses/183/building-your-first-business-process/
Logic: You create a trigger on creation, make it sleep for 10 minutes and then update.
For bigger volumes, you can do Light BPT.