Oracle Fusion Cloud HCM AI-capabilities enhance efficiency and streamline HR processes for candidates, employees, managers, and recruiters
ORACLE has made an exciting announcement about the integration of generative AI-powered capabilities into its Oracle Fusion Cloud Human Capital Management (HCM) system. This addition is made possible by leveraging the Oracle Cloud Infrastructure (OCI) generative AI service and aims to enhance various HR processes, resulting in faster business value, improved productivity, and an enhanced experience for candidates and employees.
“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.
Highlighting the potential of generative AI in the workplace, stating that it boosts productivity and unlocks new skills and creativity. By enabling content summarization, authorship, and recommendations, generative AI reduces friction in essential HR functions.
“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.”
The generative AI capabilities within Oracle Cloud HCM are built on OCI, ensuring high levels of security, performance, and business value. Built-in prompts assist customers in obtaining the best results while minimizing undesirable side effects like factual errors and bias. Crucially, each customer’s dedicated generative AI models are fine-tuned using their own proprietary data, keeping sensitive and proprietary information safe.
Kim Kohlman, the vice president of HCM Operations at Hearst, expressed enthusiasm for these generative AI features, believing they will elevate the workplace and workforce by saving time and resources for employees and candidates. This, in turn, is expected to drive productivity and meaningful business value.
“Generative AI is the future of workplace technology with untapped potential to transform HR processes. The new generative AI features being developed by Oracle Cloud HCM are projected to elevate both our workplace and our workforce, helping employees and candidates save critical time and resources. We anticipate that these improvements with generative AI will allow our teams to focus their efforts on increasing productivity and driving meaningful business value. We look forward to seeing the benefits it will bring,” Kohman said.
The newly embedded generative AI capabilities in Oracle Cloud HCM include:
- Assisted Authoring: Enables quick and easy content authoring, improving productivity. Employees, managers, and HR leaders can use short prompts to generate content that can be reviewed, revised, and approved, allowing them to focus on more value-added activities.
- Suggestions: Offers guidance based on natural language processing and best practices, helping users achieve better and faster results. This includes automated recommendations for survey questions and development tips for managers.
- Summarization: Increases efficiency by surfacing key insights from data sources. For example, it can provide a summary of an employee’s performance for their regular review cycle, based on feedback from various sources.
Oracle Cloud HCM generative AI services are powered by OCI, utilizing OCI Supercluster for efficient LLM training with high performance and low cost. This ensures fast AI innovation and attracts innovators like Cohere to contribute to the feedback cycle. Moreover, OCI’s generative AI services prioritize end-to-end security and customer data ownership.
As a cloud-native solution, Oracle Cloud HCM offers a comprehensive platform connecting every HR process from hiring to retirement. With AI acting as an advisor, HR teams can analyze workforce data and receive recommendations to improve business operations.
According to Holger Mueller, principal analyst & vice president at Constellation Research, Oracle’s integration of generative AI sets it apart from its HCM competitors, thanks to OCI’s superior performance in running generative AI workloads in the cloud. By engineering apps and infrastructure together, Oracle delivers more cost-effective and integrated processes, creating a competitive advantage for enterprises.
In conclusion, Oracle’s incorporation of generative AI capabilities into its Cloud HCM system promises to revolutionize HR processes, driving efficiency, productivity, and value for organizations and their workforce.
