New AI capabilities in Oracle Fusion Data
Intelligence help improve decision-making and quickly turn insights
into action
LONDON, March 14,
2024 /PRNewswire/ -- Oracle CloudWorld -- Oracle
today announced new artificial intelligence (AI) capabilities in
Oracle Fusion Data Intelligence that will help Oracle Fusion
Cloud Applications customers improve decision making by
combining data-driven insights with intelligent actions. Oracle
Fusion Data Intelligence is a next-generation data, analytics, and
AI solution powered by Oracle Cloud Infrastructure (OCI) services
including Oracle Autonomous Database, OCI Data Lake, and Oracle
Analytics Cloud. With the help of these new AI capabilities,
organizations can make better decisions and improve business
outcomes.
"Collecting, analyzing, and contextualizing data can be a
time-consuming, error-prone process," said T.K. Anand, executive
vice president, Analytics, Oracle. "With Oracle Fusion Data
Intelligence, our customers can optimize this process by taking
advantage of a comprehensive analytics offering that brings
together data, ready-to-use analytics, and prebuilt AI models in
the right business context. The new AI capabilities we are adding
can help customers further improve decision making and rapidly turn
insights into action."
The new AI capabilities in Oracle Fusion Data Intelligence are
designed to expand existing services with analytics that go beyond
day-to-day transactional reporting. Advanced machine learning
capabilities provide insights and predict outcomes on specific
questions for finance, supply chain, HR, and customer service. The
Oracle-managed data pipelines and prebuilt analytical models help
ensure that data is always current for robust predictive model
training and accurate predictions. AI-powered analytics integrated
directly into Oracle Fusion Applications include:
- ERP Analytics: Help finance teams improve
decision-making with insights into operational and financial
metrics across the organization. New AI capabilities will help
Oracle Fusion Cloud Enterprise Resource Planning (ERP) customers
analyze collection history to better predict risk and payment
timing, gain deeper insights into business spend to identify
appropriate classifications, and automatically detect and flag
expense anomalies. One of these available models flags customers
that are at risk of paying invoices late using historic data from
aging receivables. Another new model identifies the risk of paying
vendors late in order to maximize discounts and improve vendor
relationships.
- SCM Analytics: Help supply chain leaders optimize their
supply chain with insights from across their operations as well as
external market data. New AI capabilities can help Oracle Fusion
Cloud Supply Chain & Manufacturing (SCM) customers predict the
actions needed to ensure on-time delivery, reduce supplier risks,
optimize inventory management, and improve warehouse efficiency. By
leveraging prebuilt analytics, organizations can connect insights
from different areas of their supply chain and respond to changes
faster.
- HCM Analytics: Help HR teams improve recruitment, talent
retention, and growth while increasing the likelihood that
resources are aligned with business needs. New AI capabilities can
help Oracle Fusion Cloud Human Capital Management (HCM) customers
predict staffing needs, identify next steps to close skills gaps,
analyze workforce diversity, and provide actionable insights to
improve time-to-hire. One of these available models surfaces hidden
biases in hiring, internal mobility, and compensation practices
across gender, age, and ethnicity. Another new model automatically
identifies skill gaps to drive improvements in workforce
planning.
- CX Analytics: Help sales teams efficiently engage
customers with relevant offers that drive revenue and minimize
customer churn. New AI capabilities can help Oracle Fusion Cloud
Customer Experience (CX) customers to more accurately forecast
sales, identify optimal pricing strategies, predict customer churn
rates, and deliver data-driven recommendations for product pricing
and sales strategies. One of these available models enables teams
to leverage a single prebuilt, extensible analytical model for
sales, marketing, contract, service, and subscription data for a
360-degree view of revenue and to further expand analysis with
back-office ERP data.
In addition to the new AI capabilities, Oracle Fusion Data
Intelligence now features an integration with and prebuilt
analytics for Oracle Fusion Accounting Hub, part of Oracle Cloud
ERP. Available as an add-on SKU to Oracle Fusion ERP Analytics,
this integration enables customers to combine and analyze financial
data from multiple accounting systems. Users can now discover
correlations and irregularities across balances, journals, and
sub-ledger transaction details, spanning accounting data from
Oracle Cloud ERP and other systems.
Fusion Data Intelligence is an evolution of the Oracle Fusion
Analytics Warehouse product that delivers business
data-as-a-service with automated data pipelines, 360-degree data
models for key business entities, rich interactive analytics, AI/ML
models, and intelligent applications. To learn more about Oracle
Fusion Data Intelligence, please visit:
www.oracle.com/business-analytics/fusion-data-intelligence-platform
About Oracle
Oracle offers integrated suites of
applications plus secure, autonomous infrastructure in the Oracle
Cloud. For more information about Oracle (NYSE: ORCL), please
visit us at www.oracle.com.
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registered trademarks of Oracle Corporation. NetSuite was the first
cloud company—ushering in the new era of cloud computing.
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SOURCE Oracle