Oracle Announces New AI Features at Oracle Cloud World Mumbai
At Oracle Cloud World Mumbai 2024, the company introduced several new features in logistics and AI for customers. The new logistics features in its Fusion Cloud Supply Chain & Manufacturing (SCM) portfolio aim to improve customer logistics operations. This includes expanded business intelligence capabilities, improved logistics network modeling, a new trade incentive program, an updated Oracle Transportation Management Mobile App, and enhanced workbenches. Additionally, the enterprise IT service provider has unveiled AI enhancements for its Autonomous Database. These innovations aim to simplify the integration of AI and advanced machine learning into applications. The important updates include Autonomous Database Select AI for creating AI-enabled applications, a spatial enhancement in Oracle Machine Learning for better location relationships in ML models, a user-friendly “no-code” model monitoring interface. A new UI for Autonomous Database Graph Studio to create property graph views on RDF knowledge has also been released. This involves using a drag-and-drop method, allowing organisations to explore interconnections across knowledge silos without complex coding or data duplication. “Our goal is to help customers leverage AI to optimise costs and performance and minimise the need for human action. Oracle Fusion Applications business has been growing and Oracle Fusion Cloud ERP is one of the biggest contributors, growing at 34%,” said Deepa Param Singhal, vice president, cloud applications, Oracle India. Read more: Oracle’s Generative AI Madness Begins
The company has reported a 50% growth in cloud consumption in 2024.
The company has reported a 50% growth in cloud consumption in 2024.
["Oracle"]
["Go", "machine learning", "AI", "ML", "Oracle", "RAG", "Aim", "generative AI", "model monitoring", "GAN", "R"]
["AI", "machine learning", "ML", "generative AI", "Aim", "model monitoring", "RAG", "R", "Go", "GAN"]
Shritama (she/her) is a technology journalist at AIM who is passionate to explore generative AI with a special focus on big techs, database, healthcare, DE&amp;I, hiring in tech and more.