Oracle Enhances Cloud HCM With AI to Boost HR Efficiency

Oracle Corporation (NYSE: ORCL) is seeing a positive response in its stock prices following the recent launch of new role-based AI agents within its Cloud Human Capital Management (HCM) solution.

Overview: The Oracle Fusion Cloud HCM, which is part of the Oracle Fusion Cloud Applications Suite, offers a comprehensive platform that manages all HR processes from recruitment to retirement.

The new AI tools are designed to bolster employee experience and increase productivity for HR professionals and business leaders.

These AI agents automate repetitive tasks and streamline complex workflows, allowing employees to concentrate on more significant responsibilities.

With these new capabilities, Oracle Cloud HCM is set to enhance workplace dynamics by offering tailored career support, automating administrative functions, and simplifying procedures related to onboarding, contract management, performance evaluations, and benefits administration.

Significance: Chris Leone, Oracle's Executive Vice President, emphasized, “The new AI agents in Oracle Cloud HCM help HR and business leaders automate some of the most time-consuming tasks, enabling employees to focus on work that truly matters, and unlocking new levels of productivity across their workforce.”

Recently, Oracle has also partnered with Starlink, the world’s largest satellite network, to enhance connectivity for its Enterprise Communications Platform (ECP).

Investors can explore exposure to Oracle's stock through exchange-traded funds such as Pacer Funds Pacer Data and Digital Revolution ETF and iShares Expanded Tech-Software Sector ETF.

Market Performance: At last check on Thursday, Oracle's shares have risen by 1.01%, reaching $173.40 in premarket trading.

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Oracle, Cloud, HCM, AI, Productivity