Oracle has introduced improved artificial intelligence (AI) features in Oracle Fusion Data Intelligence. These upgrades aim to assist Oracle Fusion Cloud Applications users improve decision-making processes by amalgamating data-driven insights with intelligent actions. Oracle Fusion Data Intelligence represents a cutting-edge data, analytics, and AI solution, leveraging Oracle Cloud Infrastructure (OCI) services such as Oracle Autonomous Database, OCI Data Lake, and Oracle Analytics Cloud. These newly integrated AI capabilities empower organizations to refine decision-making processes and drive superior business outcomes.
Developed Analytics for Varied Business Functions
Oracle Fusion Data Intelligence introduces advanced AI capabilities to broaden its analytical services beyond routine transactional reporting. These capabilities utilize sophisticated machine learning techniques to o**** insights and forecast outcomes across finance, supply chain, HR, and customer service domains.
ERP Analytics:
- Empowers finance teams with operational and financial insights across the organization.
- New AI features enable Oracle Fusion Cloud ERP users to analyze collection history for improved risk prediction and payment timing.
- Provides deeper insights into business spend and detects expense anomalies, optimizing financial management processes.
- Models identify customers at risk of late payments and vendors for potential late payments, enhancing financial risk management.
SCM Analytics:
- Assists supply chain leaders in optimizing operations and mitigating risks.
- AI capabilities aid Oracle Fusion Cloud SCM users predict on-time delivery and inventory management actions.
- Facilitates faster response to supply chain changes by integrating insights from various operational areas.
HCM Analytics:
- Improves HR functions by aiding recruitment, talent retention, and workforce planning.
- Predicts staffing needs and identifies skill gaps, streamlining HR decision-making.
- Detects biases in hiring and compensation practices, encouraging diversity and inclusion.
- Automates skill gap identification to improve workforce planning efficiency.
CX Analytics:
- Equips sales teams with insights to boost customer engagement and revenue generation.
- Enables accurate sales forecasting and identification of optimal pricing strategies.
- Predicts customer churn rates and offers data-driven product pricing and sales strategy recommendations.
- Provides a revenue view through a unified analytical model across sales, marketing, and service data.
Also Read:
“Collecting, analyzing, and contextualizing data can be a time-consuming, error-prone process. 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.”- T.K. ANAND, executive vice president, Analytics, Oracle
Integration and Advanced Analytics for Better Financial Insights
Oracle Fusion Data Intelligence introduces new AI capabilities and integrates with Oracle Fusion Accounting Hub, a component of Oracle Cloud ERP. This integration, available as an add-on SKU to Oracle Fusion ERP Analytics, allows customers to consolidate and analyze financial data from multiple accounting systems.
Users can now identify correlations and irregularities across various financial parameters, including balances, journals, and sub-ledger transaction details, spanning data from Oracle Cloud ERP and other integrated systems.
Fusion Data Intelligence represents an evolution of the Oracle Fusion Analytics Warehouse, offering business data-as-a-service with automated data pipelines, data models, interactive analytics, and advanced AI/ML models.
Also Read: Cybersecurity Attack Surface Management Trends of 2024
FAQs
1. What is Oracle Fusion Data Intelligence?
Oracle Fusion Data Intelligence is a cutting-edge solution that combines data, analytics, and AI capabilities. It uses Oracle Cloud Infrastructure services to empower organizations with advanced insights and decision-making capabilities.
2. How does Oracle Fusion Data Intelligence benefit businesses?
Oracle Fusion Data Intelligence helps businesses make better decisions by providing data-driven insights and enabling intelligent actions. Through advanced analytics and AI capabilities, it improves various business functions such as finance, supply chain, HR, and customer service.
3. What are the key features of Oracle Fusion Data Intelligence?
Key features include AI capabilities for finance, supply chain, HR, and customer experience analytics. It also integrates with Oracle Fusion Accounting Hub for financial insights and analysis across multiple systems.
4. What industries can benefit from Oracle Fusion Data Intelligence?
Oracle Fusion Data Intelligence is versatile and can benefit a wide range of industries, including, but not limited to, finance, manufacturing, retail, healthcare, and telecommunications. This solution can also benefit organizations seeking to use data to improve business outcomes.
5. How can businesses access Oracle Fusion Data Intelligence?
Businesses can access Oracle Fusion Data Intelligence through Oracle Cloud services. It is available as a part of the Oracle Fusion Cloud Applications suite and can be integrated into existing workflows.
6. How does Oracle Fusion Data Intelligence provide data security and privacy?
Oracle Fusion Data Intelligence adheres to industry-leading security standards and protocols to provide data c**************, integrity, and availability. It employs robust encryption, access controls, and compliance measures to protect sensitive information and maintain regulatory compliance.
[To share your insights with us as part of editorial or sponsored content, please write to sghosh@martechseries.com]
