New platform combines business
data, analytics, AI models, and intelligent applications
to enable customers to achieve better outcomes
Oracle Fusion Cloud Applications customers
will benefit from deeper insights and faster
time-to-action
LAS
VEGAS, Sept, 20,
2023 /PRNewswire/ -- Oracle CloudWorld -- Oracle
today announced the Fusion Data Intelligence Platform, a
next-generation data, analytics, and AI platform that will help
Oracle Fusion Cloud Applications customers achieve better business
outcomes by combining data-driven insights with intelligent
decisions and actions. This new platform, an evolution of the
Oracle Fusion Analytics Warehouse product, 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. All of these out-of-box
capabilities run on top of the Oracle Cloud Infrastructure (OCI)
Data Lakehouse services, including Oracle Autonomous Database and
Oracle Analytics Cloud, which enables full extensibility at the
data, analytics, AI/ML, and application layers.
"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, 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."
The Oracle Fusion Data Intelligence Platform includes the
following out-of-box capabilities that will enable Oracle Fusion
Cloud Applications customers to derive the most value out of their
data.
- 360-Degree Data Models: Will help business users
understand how their data relates to business processes and goals
by providing them with a clear and consistent representation of
their organization's data. By providing a collection of conformed
data models based on Oracle Fusion Cloud Applications data and
other data sources, the platform will provide organizations with a
360-degree view into various aspects of their business—customers,
products, accounts, suppliers, and employees.
- Prescriptive AI/ML Models: Will help organizations solve
specific business problems by using out-of-box AI/ML models, such
as workforce skills assessment and customer payment forecasting, to
automate time-consuming tasks and free up employees to focus on
more strategic tasks. In addition, large volumes of data can be
quickly analyzed, uncovering valuable insights and patterns to
identify opportunities for business growth and efficiency.
- Rich Interactive Analytics: Will help business users
interactively explore and visualize their data using out-of-box
dashboards, reports, and KPIs. In addition, they can use Analytics
Cloud capabilities like natural language query, auto insights, and
mobile apps to gain quick access to data and insights.
- Intelligent Applications: Will help organizations make
more informed decisions faster by leveraging underlying prebuilt
data models, AI/ML models, and analytics content. These
applications will go beyond insights and recommend intelligent
actions that improve business outcomes.
"With the Fusion Data Intelligence Platform, Oracle introduces a
true convergence of analytics, data and AI," said Holger Mueller, vice president and principal
analyst, 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."
The Fusion Data Intelligence Platform is part of a multi-year
vision for progressing from data and analytics to decisions and
actions that improve business outcomes. The Data Intelligence
Platform will not be limited to Oracle Fusion Cloud Applications.
The same underlying platform will be offered for NetSuite and all
Oracle industry applications such as health, financial services,
and utilities to facilitate cross-domain insights.
The Fusion Data Intelligence Platform includes a rich portfolio
of out-of-box analytics for Oracle Fusion Cloud Enterprise Resource
Planning (ERP), Oracle Fusion Cloud Supply Chain &
Manufacturing (SCM), Oracle Fusion Cloud Human Capital Management
(HCM), and Oracle Fusion Cloud Customer Experience (CX). New
additions to these analytics offerings include:
- Oracle Fusion ERP Analytics: New Accounting Hub
analytics will provide finance teams with the ability to create a
system of insights for accounting data that is sourced from Oracle
Accounting Hub sub-ledger applications.
- Oracle Fusion SCM Analytics: New Manufacturing
analytics will 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.
- Oracle Fusion HCM Analytics: New Inferred Skills,
Payroll Costing, and Continuous Listening analytics will provide
organizational leaders with integrated workforce insights into
their employees' skills, payroll trends and anomalies, and the
effectiveness of a continuous listening strategy at any given
point-in-time.
- Oracle Fusion CX Analytics: New Quote-to-Cash
analytics will enable users to extend analyses beyond the
lead-to-opportunity pipeline by providing insights into how the
contract, price, and quote process impacts the overall customer
experience.
Additional Resources
- Read the Oracle Fusion Intelligence Data Platform blog
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.
About Oracle CloudWorld
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largest global celebration of customers and partners. Join us to
discover the insights you need to tackle your biggest business
challenges, build your skills, knowledge, and connections, and
learn more about our cloud infrastructure, database, applications
and developer technologies including Java from the people that
build and use them. For registration, live keynotes, session
details, news and
more visit oracle.com/cloudworld or oracle.com/news.
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