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By Jeff Erickson | May 2021
Data analytics might start with numbers, but it’s a craft dedicated to uncovering and telling stories. And while that sounds simple, it belies the exacting technical journey that data must travel before it can tell its tale.
Now, a raft of added capabilities and enhancements in Oracle Analytics Cloud (OAC) simplify that journey and offer new ways to learn from data using the power AI, machine learning, and natural language processing.
“The Oracle Analytics team has been hard at work on capabilities that power the entire analytics workflow,” for everyone from business analysts, to data scientists, and data engineers, says T.K. Anand, senior vice president of Oracle Analytics. The new features cover tasks including connecting to a data source; transforming and preparing the data; modeling the data with relationships, hierarchies, and metrics; and exploring the data to find insights.
The enhancements go beyond exploring data to helping people use information to take action. These include new ways of sharing data in infographics or data stories, so people can create custom visual experiences with little or no code. “One of the important principles behind instilling a data-driven culture is the ability to engage your audience with visually compelling data experiences,” Anand says.
“One of the important principles behind instilling a data-driven culture is the ability to engage your audience with visually compelling data experiences.”
Oracle Analytics Cloud brings all these capabilities together in one secure platform that can operate on all your data wherever it may reside. “That includes data from applications and databases that run in Oracle Cloud, in third-party clouds, or even in on-premises systems,” Anand says. In addition, Oracle Analytics Server (OAS) lets companies have the capabilities of Oracle Analytics Cloud while operating inside their own data center. “If you’re ready to move to the cloud, you can migrate your Oracle Business Intelligence (OBI) instance to OAC. But if you need to stay on-premises, there’s a fast upgrade from OBI to OAS that means you can benefit from all the innovation in OAC over the past many years,” Anand says.
Thousands of enterprise customers have already benefited from Oracle Analytics Cloud. For example, the UK’s National Health Service (NHS) has saved more than £1 billion by using data analytics to identify inefficiencies and fraud and optimize patient treatments. Likewise, the UK’s Home Office cut their recruitment time by one-third through the insights they gained into their hiring process. And FedEx was able to create a data-driven culture by deploying modern analytics to more than 20,000 business users.
These are examples of “folks who are innovating with OAC in their organizations and creating a data-driven culture,” says Anand. Around them Oracle has built a Global Leaders program, through which “they provide valuable feedback to the product team that helps us with our roadmap. And most importantly, they share their learnings with each other and help build a vibrant Oracle Analytics community across the globe.”
Here are some examples of the recently added features that will help businesses learn more from their data:
Video: T.K. Anand, senior vice president, Oracle Analytics, discusses how Oracle Cloud is leading the third wave of data analytics.
Illustration: Wes Rowell