New generative AI-powered capabilities in Oracle Fusion Cloud HCM enhance efficiency and streamline HR processes for candidates, employees, managers, and recruitersAustin, Texas—June 28, 2023
Oracle today announced the addition of generative AI-powered capabilities within Oracle Fusion Cloud Human Capital Management (HCM). Supported by the Oracle Cloud Infrastructure (OCI) generative AI service, the new capabilities are embedded in existing HR processes to drive faster business value, improve productivity, enhance the candidate and employee experience, and streamline HR processes.
“Generative AI is boosting productivity and unlocking a new world of skills, ideas, and creativity that can have an immediate impact in the workplace,” said Chris Leone, executive vice president, applications development, Oracle Cloud HCM. “With the ability to summarize, author, and recommend content, generative AI helps to reduce friction as employees complete important HR functions. For example, with the new embedded generative AI capabilities in Oracle Cloud HCM, our customers will be able to take advantage of large language models to drastically reduce the time required to complete tasks, improve the employee experience, enhance the accuracy of workforce insights, and ultimately increase business value.”
Built on OCI and leveraging its best-in-class AI services, the embedded generative AI capabilities within Oracle Cloud HCM are designed to provide high levels of security, performance, and business value. Built-in prompts help customers get the best results while helping reduce undesirable side effects such as factual errors and bias. With Oracle Cloud HCM, customers use their own data to refine models for their specific business needs—each customer’s dedicated generative AI models are only tuned on the customer’s own proprietary data. By giving customers control of the data used by generative AI, Oracle is helping keep sensitive and proprietary information safe.
The new generative AI capabilities in Oracle Cloud HCM bolster existing embedded AI capabilities already in use by thousands of users and will help to transform candidate, employee, manager, and HR team productivity by streamlining processes and automating content generation within a single integrated solution. Newly embedded generative AI capabilities include:
“We have already identified more than 100 high-value-added scenarios for generative AI in HR. But we’re only just getting started! With the help of customers, who drive approximately 80 percent of updates to our products, we are continually embedding new use cases that enable organizations to embrace continuous innovation and perpetually improve HR processes and productivity,” added Leone.
Oracle Cloud HCM generative AI services are powered by OCI. Leveraging OCI Supercluster, which includes bare metal compute with NVIDIA GPUs and the highest bandwidth RDMA network in the cloud, OCI accelerates LLM training with the highest performance at the lowest cost. This allows Oracle to deliver the fastest AI innovation in the industry and attract the best enterprise-focused innovators, including Cohere, to build on OCI, further contributing to the innovation feedback cycle. In addition, OCI’s generative AI services provide end-to-end security and help ensure that customers have complete control and full ownership of their data.
Natively built for the cloud, Oracle Cloud HCM is a complete solution connecting every human resource process from hire to retire. By connecting all employee data on a single platform, HR teams have access to a single source of truth to help inform their people strategy. Built-in AI acts as an advisor to help analyze workforce data and surface recommendations to help HR teams improve business operations.
To learn more about Oracle Cloud HCM, please visit: oracle.com/human-capital-management
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
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