Categories: Blogs | Date: May 19, 2024
  • Written By: adminDPRSolutions

Artificial Intelligence (AI) is rapidly transforming the enterprise software landscape. While AI has been integrated into applications for some time, we are now seeing the emergence of “Agentic AI” – systems that can not only analyze data and provide insights but also take proactive actions and automate complex tasks autonomously. This evolution is set to redefine how businesses interact with their core applications, and Oracle is at the forefront of embedding these capabilities within its comprehensive SaaS Cloud suite (ERP, HCM, SCM, CX, etc.).

Beyond Insights: What is Agentic AI?
Traditional AI in business applications often focuses on pattern recognition, prediction, and providing recommendations. Think of an AI suggesting the next best action in a sales process or identifying potential risks in a supply chain. Agentic AI takes this a step further. It involves AI systems acting as intelligent agents that can:

  • Understand context: Comprehend the nuances of a business process or request.
  • Plan and execute tasks: Break down complex goals into smaller steps and perform them within the application.
  • Interact with other systems/users: Communicate and collaborate to achieve objectives.
  • Learn and adapt: Improve performance based on outcomes and new information.
  • Operate autonomously: Perform tasks without constant human intervention, often proactively.

Essentially, Agentic AI aims to empower the software itself to become a more active participant in business operations, reducing manual effort and accelerating processes.

Oracle’s Journey Towards Agentic Capabilities
Oracle has been steadily embedding AI and Machine Learning (ML) across its SaaS portfolio for years. This foundation includes features like:

  • Intelligent Document Recognition in ERP/SCM for automating invoice or receipt processing.
  • Recruiting Assistants in HCM for screening candidates.
  • Supply Chain Planning optimizations based on demand forecasts.
  • Customer Service chatbots and sentiment analysis in CX.

The evolution now is towards making these AI capabilities more interconnected, context-aware, and capable of initiating actions autonomously.

Examples of Agentic AI in Oracle SaaS (Current & Future)
While full autonomy is a journey, Oracle is integrating agentic principles into its applications:

  • In ERP Cloud:
    • An AI agent could proactively identify potential payment discrepancies, automatically initiate an investigation workflow, and notify the relevant AP clerk with a suggested resolution.
    • It could monitor cash balances and automatically recommend or even initiate transfers between accounts based on predefined rules and forecasts.
  • In HCM Cloud:
    • An AI agent could monitor employee engagement metrics and proactively suggest personalized learning paths or manager check-ins for at-risk employees.
    • It could automate routine onboarding tasks, triggering system access requests and notifying relevant teams based on the employee’s role and department.
  • In SCM Cloud:
    • An AI agent could detect a potential supply chain disruption (e.g., weather event, supplier issue) and automatically re-route orders or suggest alternative suppliers, notifying the planning team of the action taken.
    • It could monitor inventory levels and automatically trigger replenishment orders based on real-time demand signals and lead times.
  • In Procurement Cloud:
    • An AI agent could analyze spend patterns and contract terms, proactively identifying opportunities for cost savings or contract renewals and initiating the necessary procurement process.

These examples illustrate a shift from AI as a passive advisor to AI as an active participant, capable of understanding a situation and taking intelligent steps to address it.

The Impact on Businesses
The evolution towards Agentic AI in Oracle SaaS promises significant benefits for organizations:

  • Increased Efficiency: Automating routine and complex tasks frees up employees for higher-value work.
  • Faster Decision Making: Proactive identification of issues and automated actions accelerate response times.
  • Improved Accuracy: Reducing manual intervention minimizes human error.
  • Enhanced Employee Experience: Automating mundane tasks makes work more engaging.
  • Greater Agility: Systems can respond more dynamically to changing business conditions.

The Future is Agentic
As Oracle continues to infuse its SaaS Cloud applications with more sophisticated AI capabilities, the role of Agentic AI will become increasingly prominent. These intelligent agents will work alongside human users, handling complexity, automating workflows, and providing a level of proactive support that was previously unimaginable. Businesses leveraging Oracle SaaS are well-positioned to benefit from this evolution, transforming their operations and gaining a significant competitive edge in the age of intelligent automation.

Are you ready for your Oracle applications to become more agentic?