Oracle, an American multinational computer technology corporation that sells database software and technology, cloud engineered systems, and enterprise software products, announced the availability of Oracle Analytics for Cloud HCM, which 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.
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.
“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.”
“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.
“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.”
“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.”
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.
