How is Oracle revamping its cloud financial software?

Oracle is updating its cloud-based financial software to work with artificial intelligence agents, enabling users to ask business questions and have AI find the data.

What tasks will AI handle in Oracle's updated software?

AI will take on tasks such as entering and gathering data, and making recommendations, which were previously handled by human employees.

How will Oracle's software update affect human employees?

Human employees will shift their focus to skills like negotiating with suppliers and assessing risks, as AI automates repetitive tasks like invoice processing.

Home / Business and Economy / Oracle Overhauls Cloud Software for AI Agents

Oracle Overhauls Cloud Software for AI Agents

24 Mar

Summary

Oracle updates its cloud financial software for AI agents.
AI will handle data gathering and recommendations.
Human roles shift to negotiation and risk assessment.

Oracle Overhauls Cloud Software for AI Agents

Oracle is making significant changes to its cloud-based financial software, specifically tailoring it for interaction with artificial intelligence agents. This initiative aims to allow users to pose business queries, with AI autonomously identifying and gathering the required data.

This strategic update to Oracle's Fusion suite, which manages core business functions like production planning and collections, aligns with a broader industry trend. Providers of specialized corporate software are adapting their offerings to be compatible with AI agents that can execute tasks on behalf of human users.

Oracle executives emphasize that these AI integrations are designed to enhance, not replace, their software. The company's strategy is to leverage AI to maintain its competitive edge in the evolving tech landscape. Oracle shares have experienced a notable decline this year, influenced by investor apprehension regarding AI's potential to supersede conventional business software solutions.

In the updated system, AI will undertake data entry, information retrieval, and provide recommendations. This allows human employees to concentrate on more complex responsibilities, including supplier negotiations and assessing supply chain disruption risks. Oracle views repetitive tasks like invoice processing as prime candidates for AI automation, freeing up human capital for strategic decision-making.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

Home / Business and Economy / Oracle Overhauls Cloud Software for AI Agents

Oracle Overhauls Cloud Software for AI Agents

24 Mar

•

Summary

Oracle updates its cloud financial software for AI agents.
AI will handle data gathering and recommendations.
Human roles shift to negotiation and risk assessment.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.