Oracle Fusion Data Intelligence, equipped with new AI capabilities, aids Oracle Fusion Cloud Applications users in enhancing decision-making processes by merging data-driven insights with intelligent actions. This next-gen solution, powered by Oracle Cloud Infrastructure (OCI) services like Oracle Autonomous Database and OCI Data Lake, facilitates better business outcomes through improved decision-making and swift conversion of insights into actionable strategies.
T.K. Anand, executive vice president of Analytics at Oracle, emphasized the challenges of data collection, analysis, and contextualization, highlighting the time-consuming and error-prone nature of these processes. With Oracle Fusion Data Intelligence, customers gain access to a comprehensive analytics platform, integrating data, readily available analytics, and prebuilt AI models tailored to specific business contexts. These new AI capabilities promise to further enhance decision-making processes and accelerate the transformation of insights into actionable steps.
The newly introduced AI capabilities within Oracle Fusion Data Intelligence are designed to augment existing services by offering analytics beyond routine transactional reporting. Leveraging advanced machine learning techniques, these capabilities deliver insights and predictive analyses tailored to finance, supply chain, HR, and customer service domains. Oracle ensures the freshness of data through managed data pipelines and prebuilt analytical models, facilitating robust predictive model training and accurate predictions.
Integrated directly into Oracle Fusion Applications, the AI-powered analytics offer several benefits across various domains:
- ERP Analytics: Enhance finance operations by predicting payment timing, identifying expense anomalies, and optimizing business spend.
- SCM Analytics: Optimize supply chain operations by predicting actions for on-time delivery, reducing supplier risks, and enhancing warehouse efficiency.
- HCM Analytics: Improve HR functions by predicting staffing needs, identifying skill gaps, and analyzing workforce diversity.
- CX Analytics: Enhance sales strategies by accurately forecasting sales, minimizing customer churn, and optimizing pricing strategies.
Moreover, Oracle Fusion Data Intelligence now includes integration with Oracle Fusion Accounting Hub, enabling customers to combine and analyze financial data from multiple accounting systems, facilitating the discovery of correlations and irregularities across various financial parameters.
Fusion Data Intelligence represents the evolution of Oracle Fusion Analytics Warehouse, offering businesses data-as-a-service with automated data pipelines, comprehensive data models, interactive analytics, and intelligent applications.