Oracle OpenWorld kicked off yesterday with the first of two keynotes from Oracle founder and chief technology officer Larry Ellison. The big news coming out of that keynote was the “world’s first truly autonomous cloud,” intended to automate many of the manual patches that often leave an organization’s data vulnerable to a breach. Today, the focus was on Oracle’s cloud applications with a keynote from development EVP Steve Miranda. The audience heard from such iconic companies as Hearst, Ferrari and Hilton about their successes with Oracle’s ERP, HR, supply chain and customer experience applications.
But the big news for finance professionals came from the ERP/EPM keynote, presented by development leaders Rondy Ng and Matt Bradley. The latest product and machine learning updates to Oracle ERP Cloud can help organizations take advantage of innovations in artificial intelligence, digital assistants, natural language processing, and the Internet of Things:
Other new capabilities include industry-specific finance functionality for higher education, healthcare, public sector, and oil and gas.
Continuing its aim to transform organizations into data- and insight-driven experts, Oracle also announced availability of its first Oracle Analytics for Applications offering, designed for Oracle ERP Cloud. And it unveiled AI voice for the enterprise, which brings conversational AI to the corporate environment. Oracle Digital Assistant makes voice and user interactions more expressive by processing complex queries and providing answers from enterprise applications, such as ERP, CRM and HR systems.
Other news of the day included customer success stories from Titan International, TrueBlue, Textron, and Industries for the Blind and Visually Impaired (IBVI), plus the announcement of an end-to-end planning offering for finance and supply chain.
“Oracle continues to extend its lead in the Cloud ERP market with powerful new innovations to support the changing demands placed on finance and operations teams,” said Rondy Ng in a recent press release. “Integrating intelligent assistants and machine learning capabilities into Oracle ERP Cloud enables customers to reduce the number of mundane—but important—tasks for their employees. This improves productivity and accuracy, enhances business insight and decision making and helps free up employees for strategic, creative and fulfilling work.”