REDWOOD SHORES, Calif., May 12,
2020 /PRNewswire/ -- ORACLE ANALYTICS SUMMIT --
Oracle today announced the availability of Oracle Analytics for
Cloud HCM. Built on Oracle Analytics Cloud and powered by
Oracle Autonomous Database, Oracle Analytics for Cloud HCM provides
HR executives, analysts, and line-of-business leaders with deeper
insights into workforce management by enabling a comprehensive view
into data from across the organization. The new self-service
analytics capabilities help customers maximize the value of Oracle
Cloud HCM.
"In today's volatile business environment, HR has become a key
strategic business partner for the organization," said T.K. Anand,
senior vice president, Oracle Analytics. "With Oracle Analytics for
Cloud HCM, customers are now able to leverage out-of-the-box HR
analytics to gain unprecedented intelligence and reduce the
organization's reliance on IT. This allows for closer collaboration
between HR and other key business units – such as finance – to help
our customers navigate uncertain times and position them for
sustained business growth."
Built for HR Decision-Makers and Business Partners
Oracle Analytics for Cloud HCM includes the following pre-built
features:
- Cross-functional data model: Accelerates analysis of
large volumes of operational data within Oracle Cloud HCM. The data
model resides within the high-performing, easy-to-use, and
elastically scalable Oracle Autonomous Data Warehouse, enabling
alignment across business functions.
- KPI and dashboard library: Delivers a rich set of more
than 50 HR KPIs, dashboards, and reports for key HR metrics
including workforce composition, turnover and retention, and team
effectiveness to help HR teams gain faster insights. Pre-built KPIs
include:
-
- Workforce demographics, span of control, and hire and promotion
status
- Turnover (voluntary and involuntary) and retention
- Diversity statistics and trends
- Compensation trends and ratios
- Performance talent ratios
- Advanced analytics: Saves HR teams time, effort, and
potential errors in calculations by analyzing key areas
including:
-
- Top talent retention
- Turnover by compa-ratio
- Team effectiveness
- Span of control
- Diversity
- Extensibility to fit the business: Enables customers to
augment Oracle Cloud HCM data with data from other Oracle
applications, non-Oracle applications, or other external data
sources.
"Organizations routinely report that utilizing cross-functional
data delivers competitive advantage," said Dave Menninger, SVP, Ventana Research.
"Analytics based on a range of data that extends beyond the limits
of the department – such as the capabilities in Oracle Analytics
for Cloud HCM – enable line-of-business personnel to make decisions
and take actions for the organization to best meet its strategic
and operational objectives."
The latest offering in the Oracle Analytics for Fusion
Applications suite, Oracle Analytics for Cloud HCM offers the
same breadth of analytics capabilities added to Oracle Cloud ERP in
September 2019. Oracle plans to
continue enhancing the full suite of Oracle Fusion Applications
with advanced analytics capabilities.
What Customers Are Saying
"We are a people-first company," said Wendy Cottrell, head of global HR information
systems, National Instruments. "Oracle Analytics makes complex
analysis easy for executives and HR to help them make informed
decisions on a regular basis."
National Instruments is a Texas-based producer of automated test
equipment and virtual instrumentation software. A design partner
and early adopter of Oracle Analytics for Fusion Applications,
National Instruments is using Oracle Analytics for Cloud HCM for
retention analysis and improved team effectiveness.
"The packaged insights and architectural flexibility of Oracle
Analytics will quickly enable us to drive strategic initiatives in
partnership with the COEs and HRBPs in a data-driven manner," said
Andrew Dennan, head of HR shared
services, Synlait Milk Limited.
Synlait Milk Limited is a New
Zealand-based 21st century milk nutrition company combining
expert farming with state-of-the-art processing. Synlait Milk is
using Oracle Analytics for Cloud HCM to gain insights on team
effectiveness, diversity, and attrition, in addition to integrating
survey data with Oracle Cloud HCM data.
What Partners Are Saying
"Clients are searching for analytics solutions that can drive
value from existing data across all areas of their business," said
Richard Solari, managing director,
Deloitte Consulting LLP, and global Oracle analytics and cognitive
leader. "Oracle Analytics for Cloud HCM can provide intuitive
insights that will help organizations make more informed decisions
that will drive lasting business value."
"Oracle Analytics for Cloud HCM enables HR professionals to hit
the ground running in turning workforce data into meaningful
insights," said Todd Randolph,
Principal, Advisory Services, KPMG and US Oracle Analytics Leader.
"As a result, our customers' HR teams are empowered to become
highly strategic advisors to the entire business."
About Oracle Analytics for Cloud Apps
Oracle
Analytics for Fusion Applications is a core pillar of Oracle
Analytics, Oracle's newly simplified single brand that connects
data, analytics, and applications. Oracle Analytics empowers
customers with industry-leading AI-powered self-service analytic
capabilities for data preparation, visualization, enterprise
reporting, augmented analysis, and natural language processing
(NLP).
Supporting Resources
- Oracle Analytics for Cloud HCM
- Oracle Cloud HCM
- Oracle Analytics for Fusion Applications
- Oracle Analytics Cloud
- Oracle Autonomous Data Warehouse
- Oracle Autonomous Database
To learn more about Oracle Analytics for Cloud HCM, please join
the Oracle Analytics Summit: www.oracle.com/oasummit
About Oracle
The Oracle Cloud offers a complete suite
of integrated applications for Sales, Service, Marketing, Human
Resources, Finance, Supply Chain and Manufacturing, plus Highly
Automated and Secure Generation 2 Infrastructure featuring the
Oracle Autonomous Database. For more information about Oracle
(NYSE: ORCL), please visit us at www.oracle.com.
Trademarks
Oracle and Java are registered trademarks
of Oracle and/or its affiliates. Other names may be trademarks of
their respective owners.
Future Product Disclaimer
The preceding is intended
to outline our general product direction. It is intended for
information purposes only, and may not be incorporated into any
contract. It is not a commitment to deliver any material, code, or
functionality, and should not be relied upon in making purchasing
decisions. The development, release, timing, and pricing of any
features or functionality described for Oracle's products may
change and remains at the sole discretion of Oracle
Corporation.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/oracle-announces-oracle-analytics-for-cloud-hcm-to-enable-hr-teams-to-enhance-decision-making-boost-business-performance-301057809.html
SOURCE Oracle