Although it has never had a conceivable boundary, the human arsenal still cannot claim to have anything more significant than our desire of growing on a consistent basis. We say this because the stated desire has already fetched the world some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is purposed around its skill-set, which was unprecedented enough to realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centerpiece of every horizon. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, this prodigious concept called technology will somehow continue to produce the right goods. The same has grown to become a lot more evident in recent times, and assuming one new HRM-themed development pans out just like we envision, it will only propel that trend towards greater heights over the near future and beyond.
Oracle has officially announced the launch of its brand-new Fusion Data Intelligence platform, which is designed to help the customers using its Fusion Cloud Applications achieve better outcomes. Understood to be a by-product of the company’s similarly-branded Analytics Warehouse product, the stated solution will deliver 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. Talk about these services on a deeper level, we begin from the 360-degree data models that will have the means to inform users on how their data relates to business processes and goals, and it will do so by providing them with a clear and consistent representation of their organization’s data. Complementing the same through conformed models based on Oracle Fusion Cloud Applications data and other sources, the new platform should be able to fill you in on the core pillars of your business, including customers, products, accounts, suppliers, and employees. Next up, Oracle brings to fore these prescriptive AI/ML setup to let businesses leverage the technology and basically solve specific business problems, such as workforce skills assessment, customer payment forecasting, and more. Not just problems, though, one can also bank upon the new platform to improve their procedures, as it empowers you to automate time-consuming tasks and free up employees for more strategic tasks. Furthermore, given these automation capabilities, users can expect to quickly analyze large volumes of data, a feature which might just go a long way in getting them to glean valuable insights and patterns for the purpose of identifying growth opportunities. We referred to the prospect of accessing comprehensive insights, they will be notably provided with some help from out-of-box dashboards, reports, and KPIs. Such a facility becomes all the more important once you consider that users can also put into action dedicated Analytics Cloud capabilities like natural language query, auto insights, and mobile apps, to make the entire process optimally streamlined.
“Many businesses struggle with data silos and complex data integration processes with disparate technologies for data management, and analytics. Adding to that problem is that these data and analytics technologies are often isolated from the business context, which makes it difficult to turn the insights into action,” said T.K. Anand, executive vice president of Oracle Analytics. “Oracle Fusion Data Intelligence Platform will help change that by going beyond traditional data and analytics applications and allowing users to see insights based on the context of their role and workflows. In fact, users will even be able to make decisions and take action on the data and insights they see without having to leave the application.”
Another detail worth a mention here is how the analytics in question will, right from the get-go, have the necessary knowhow to service specific segments like enterprise resource planning (ERP), supply chain management (SCM), human capital management (HCM), and customer experience (CX). Again taking a granular view, in ERP’s case, the solution will come bearing New Accounting Hub analytics that, on their part, should educate finance teams regarding the ability to create a system of insights for accounting information sourced from Oracle Accounting Hub sub-ledger applications. Moving on to SCM analytics on the offer, they are to help manufacturers increase productivity by providing timely insights into work order performance; improve shop floor efficiency by quickly detecting anomalies; and continuously optimize plan-to-produce processes by connecting insights across supply chain data. As for HCM, the promised analytics here will provide HR leaders a deep dive into their employees’ skills, payroll trends and anomalies, and the effectiveness of a continuous listening strategy at any given point-in-time. Lastly, the insights relating to CX will touch on studying the way contract, price, and quote process impacts the overall customer experience.
“With the Fusion Data Intelligence Platform, Oracle introduces a true convergence of analytics, data and AI,” said Holger Mueller, vice president and principal analyst at Constellation Research. “This platform’s prebuilt intelligent applications, data models and AI capabilities offer a forward-looking strategy for enterprises aiming to thrive in the data-driven landscape. It’s the perfect complement to Oracle Fusion applications such as ERP, HCM, CX, and more.”