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The Latest Trends and Developments in Artificial Intelligence

January 30, 2024

The Latest Trends and Developments in Artificial Intelligence

Artificial intelligence (AI) is transforming the world of business and creating new opportunities for innovation and growth. In this blog post, we will explore some of the current and upcoming AI features and capabilities that are available in Oracle Fusion applications and Oracle Fusion Analytics.

AI in Oracle Fusion Applications

Oracle Fusion applications are a suite of cloud-based enterprise software that cover various domains such as finance, human resources, supply chain, customer experience, and more. Oracle Fusion applications leverage AI to provide intelligent insights, recommendations, and automation that help users make better decisions and optimize their workflows. Some of the AI features and capabilities in Oracle Fusion applications include:

  • Intelligent Process Automation: AI can automate repetitive and manual tasks, such as invoice processing, expense reporting, employee onboarding, and more. This reduces errors, saves time, and improves productivity.
  • Intelligent Performance Management: AI can analyze employee performance data, such as goals, feedback, ratings, and skills, and provide personalized and actionable suggestions for improvement. This enhances employee engagement, retention, and development.
  • Intelligent Forecasting: AI can use historical data, trends, and external factors to generate accurate and reliable forecasts for various business scenarios, such as revenue, cash flow, demand, inventory, and more. This helps users plan ahead and optimize their resources.
  • Intelligent Chatbots: AI can power conversational interfaces that allow users to interact with Oracle Fusion applications using natural language. Users can ask questions, get answers, perform tasks, and receive notifications through chatbots on various channels, such as web, mobile, voice, and messaging platforms.

AI in Oracle Fusion Analytics

Oracle Fusion Analytics is a cloud-based analytics platform that provides comprehensive and unified insights across Oracle Fusion applications and other data sources. Oracle Fusion Analytics leverages AI to deliver advanced analytics capabilities that enable users to discover hidden patterns, predict outcomes, and prescribe actions. Some of the AI features and capabilities in Oracle Fusion Analytics include:

  • Augmented Analytics: AI can augment the analytics process by automatically generating insights, visualizations, narratives, and suggestions based on the user's data and context. Users can also ask questions using natural language and get answers in the form of charts, tables, or narratives.
  • Predictive Analytics: AI can use machine learning algorithms to build predictive models that can forecast future events or behaviors based on the user's data. Users can also apply what-if scenarios and sensitivity analysis to understand the impact of different variables on the predictions.
  • Prescriptive Analytics: AI can use optimization techniques to recommend the best course of action for a given objective or constraint based on the user's data. Users can also compare different alternatives and trade-offs to make informed decisions.

Conclusion

AI is a powerful tool that can enhance the value and performance of Oracle Fusion applications and Oracle Fusion Analytics. By leveraging AI features and capabilities, users can gain deeper insights, make smarter decisions, and achieve better outcomes.