The rapidly changing environment over the past year has required organizations to adapt faster than ever before. Across every industry and business function, people have had to change how they work together, the tools they use, and their expectations. But regardless of the circumstances, the story from our customers and partners is the same: sustaining the pace of change required is only possible if they have equally rapid insight into what’s happening in their business. That insight comes from data and analytics.
Data is the most valuable asset that any organization possesses, and it is growing at a tremendous rate. Oracle Fusion Cloud Applications are trusted systems of record that contain high-value data about the organization’s finances, operations, employees, and customers. Most organizations also have data residing in non-Oracle applications, bespoke in-house systems, and real-time data streaming from website traffic, social media, IoT sensors, and more. The ability to bring all this data together and turn it into actionable insights is the key to achieving business success in this digital age.
That’s why I’m excited about Oracle Fusion Analytics, an innovative and turnkey cloud offering that brings all your Fusion Applications data together in one place for business users, managers, and executives to consume via rich interactive dashboards, visualizations, and AI-powered analytics.
Think of it this way: Fusion Cloud Applications are the Systems of Record in your organization, and Fusion Analytics is your System of Insight.
This system and the value it delivers for Fusion Applications customers is the topic of our recent Oracle Live, Connect Your Enterprise with AI-Driven Analytics. In this event, we heard from two customers, the University of Pittsburgh Medical Center (UPMC) and Corsair Gaming, and from Chandana Gopal, Research Director, Future of Intelligence, at IDC. I spoke with my colleague Steve Miranda, executive vice president of Oracle Fusion Cloud Applications, about the new innovations in Fusion Analytics spanning ERP, HCM, and our new supply chain offering, Fusion SCM Analytics.
At this point, everyone has either heard about or experienced supply chain challenges in our economy. Supply chain professionals need to do more than just detect and understand issues; they need to predict them and take proactive action. Fusion SCM Analytics provides them with a comprehensive view of supply chain operations to better understand the impact of their supply chain’s performance on business goals and predict and prepare for future disruptions.
Fusion SCM Analytics complements our existing Fusion Analytics offerings. Fusion ERP Analytics is helping customers to drive investment decisions and operational improvements such as faster time-to-close. Fusion HCM Analytics delivers deep workforce insights that enable HR leaders to reduce employee turnover, identify top talent, and shape their overall people strategy. Fusion Analytics is built on our industry-recognized platform services, Oracle Analytics Cloud and Oracle Autonomous Data Warehouse.
As Steve and I discussed, we share the view that our customers and partners are at the center of everything we do, and their success drives ours. UPMC is an excellent example of a customer succeeding using applications and analytics.
UPMC has given the most vaccinations of any health organization in the state of Pennsylvania and, crucially, it has reached populations in need thanks to analytics. UPMC looked at its vaccination statistics through the lens of diversity, examining demographics behind vaccination numbers which showed some communities were being left behind. They then undertook strategic initiatives to change this, including forming a group called UPMC Ambassadors, led by employees of color who connected with communities in Pennsylvania with lower vaccination rates. These connections paved the way to equitable vaccination for previously unreached communities and UPMC’s own 90,000 employees.
UPMC has also applied analytics to employee retention, leveraging data from Oracle Cloud HCM. In the face of a widespread labor shortage which is especially critical in healthcare, UPMC has drilled into turnover data, including evaluating gender and diversity trends. Now they are moving to predicting workforce patterns and sharing that information with managers throughout the organization to help reduce turnover and retain talent.
The past 18 months has more than proved the rule that the only constant is change. To learn more about how Fusion Analytics helps you monitor your business, detect and even predict problems, and adapt to change as it happens, I invite you to watch Oracle Live and engage with us on Cloud Customer Connect.