Juergen Linder, Oracle

Oracle has introduced increased artificial intelligence and machine learning technology in both its ERP and EPM Cloud. The move is aimed at handling the mass of data that humans cannot handle by themselves in the era of big data.

 

And it’s aimed at making the use of the company’s software more about people doing their jobs and less about learning how to use the software.  “We have opened up the software to become more conversational,” Juergen Linder, SVP of product marketing for SaaS,  noted during a briefing. He said increasing automation is necessary because “The sheer volume of data is increasing at such a rapid pace.” Oracle is doubling down on the use of digital assistants. If tasks or items are recurring, “It’s really about making the process a non-event.” New elements include the Expense Reporting Assistant, which has a voice interface, and the Project Management Digital Assistant, which learns from past entries made by users. Advanced Financial Controls utilizes built-in algorithms to provide continuous analysis of transactions, setups and configurations while Advanced Access Controls uses graph-based analysis for security analysis. Linder noted Access Controls can enforce access policies, such as segregation of duties, to “make sure we have the opportunity to prevent fraud.” The applications also take advanced of Oracle Datafox integration  which provides AI-sourced and validated company data to power supplier scoring and categorization from information from sources such as news articles and press releases. This is combined with company data sources to automatically manage supplier risk. 

Last modified on Friday, 29 March 2019
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