Introducing the Future of HR: Oracle’s Fusion Cloud HCM Gets a Generative AI Upgrade
Are you ready to unlock the full potential of your HR department? Oracle Corp. has just announced groundbreaking generative AI features for its Fusion Cloud Human Capital Management (HCM) offering. This exciting development is set to revolutionize HR workflows and boost productivity in enterprises across the globe. But Oracle is not alone in this movement. SAP, a major player in enterprise resource planning (ERP), has also partnered with Microsoft to enhance HR workflows with gen AI. Keep reading to discover how Oracle Fusion Cloud HCM is getting better and why this advancement is a game-changer.
Oracle Fusion Cloud HCM is a comprehensive cloud-based solution that empowers HR teams to seamlessly manage every aspect of the employee lifecycle – from attracting and screening top talent to onboarding, payroll management, and skill development. Now, Oracle is taking this platform to new heights by introducing three groundbreaking generative capabilities: assisted authoring, suggestions, and summarization.
With assisted authoring, users can tap into built-in prompts to easily generate content and focus on more crucial tasks. For example, HR professionals can effortlessly craft engaging job descriptions, create automated and detailed goals, or generate informative HR helpdesk articles to assist employees. This feature saves both time and effort, allowing HR teams to tackle higher-value tasks.
The suggestions feature takes content automation further by automatically providing valuable recommendations to accelerate day-to-day tasks. For instance, it can suggest relevant questions for a survey being designed or offer advanced career development tips to help managers effectively nurture their workforce. These intelligent suggestions empower HR professionals to make better-informed decisions and streamline their work.
Summarization is another valuable tool that provides quick content summaries. Imagine being able to see an employee’s performance overview, including feedback from managers, goal progress, and achievements – all in one concise summary. This feature saves time and effort for HR teams while ensuring they have a comprehensive understanding of their employees’ performance.
According to Chris Leone, EVP of applications development for Oracle Cloud HCM, generative AI simplifies HR functions and reduces friction for employees. Oracle has already identified over 100 high-value scenarios where generative AI can enhance HR processes, and this is just the beginning. With feedback from customers, who drive 80% of updates to Oracle’s products, new use cases are continually being incorporated to ensure perpetual innovation and improved productivity in HR.
What sets Oracle apart from its competitors in the HCM realm is the ability to use proprietary data to refine these generative AI capabilities according to specific business needs. This level of control not only enhances accuracy but also ensures the security of sensitive and proprietary information. Furthermore, Oracle’s use of its own infrastructure, Oracle Cloud Infrastructure (OCI), ensures superior performance and cost-effectiveness, catapulting them ahead of other HCM providers.
In a recent announcement, Oracle revealed its collaboration with Toronto-based Cohere to develop a new cloud service that allows enterprises to train their own customized LLMs (Language Model Models). This exciting addition further solidifies Oracle’s commitment to pushing boundaries and empowering organizations to adapt and innovate.
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In conclusion, Oracle’s Fusion Cloud HCM upgrade with generative AI capabilities is poised to revolutionize HR workflows and drive productivity in enterprises. The introduction of assisted authoring, suggestions, and summarization features brings unrivaled efficiency and convenience to HR professionals. Oracle’s commitment to continuous innovation, customer feedback, and the secure use of proprietary data sets them apart from competitors. Don’t miss out on this transformative development in HR technology. Register now for Transform 2023 and be at the forefront of the AI revolution.