Oracle has introduced generative AI capabilities, called Oracle Fusion Cloud Human Capital Management (HCM), to enhance HR functions and productivity within the organization. These capabilities will be integrated into existing HR processes using Oracle Cloud Infrastructure (OCI) gen AI service, with the goal of improving HR strategies, driving business value, and enhancing candidate and employee experiences.
Chris Leone, Executive Vice President for Applications Development and Oracle Cloud HCM, highlighted the benefits of these embedded generative AI capabilities, including reduced task completion time, improved employee experience, enhanced workforce insights accuracy, and increased business value.
Oracle Cloud HCM allows customers to leverage their data and customize models based on their specific business requirements. The system operates on dedicated generative AI models that sync with each customer’s proprietary data. Oracle emphasizes that customers have full control over the data used by generative AI, ensuring the protection of sensitive and proprietary information.
Deepa Param Singhal, Vice President of Applications at Oracle India, noted that despite progress in the business landscape, various HR challenges persist, hindering efficient work environments. Oracle’s generative AI-embedded Oracle Cloud HCM aims to address these challenges by automating mundane tasks and providing employees with modern, intelligent tools and features to enhance their experience.
During a quarterly meeting, Larry Ellison, Chairman and CTO of Oracle, announced the launch of a new generative AI cloud service in partnership with Cohere, a Canadian startup specializing in large language models. Ellison highlighted the growing significance of specialized large language models in the field of generative AI, predicting their increased adoption in the coming years.
