In an effort to revolutionize business workflows, Oracle has recently introduced new generative artificial intelligence (AI) capabilities to its popular Fusion Cloud Applications Suite. This groundbreaking update encompasses various domains including finance, supply chain, HR, sales, marketing, and service, as stated in a press release made by the software company on Thursday, March 14.
Furthermore, the latest rollout includes an enhanced extensibility framework for Oracle Guided Journeys, allowing customers and partners to incorporate additional generative AI functionalities into their operations. By utilizing Oracle’s robust cloud infrastructure, the company ensures that customer data remains secure and protected, avoiding any sharing with large language model (LLM) providers or other customers.
To prioritize data privacy, Oracle has established strict protocols. Each customer has exclusive access to custom models trained on their specific data, while role-based security is embedded directly into Oracle Fusion Applications workflows to guarantee that end users only view content they are authorized to see.
Generative AI has the potential to profoundly transform the relationship between humans and technology, as recent insights from the PYMNTS “AI Effect” series suggest. Computers are now capable of emulating human behavior, allowing for articulation, writing, and communication that is strikingly similar to that of humans. This level of innovation in AI has given rise to new possibilities in various industries.
The spectrum of applications and the speed at which generative AI operates surpass the capabilities of previous AI models in automating repetitive tasks and making intelligent decisions based on data. As AI technology continues to evolve, it is crucial to acknowledge that the significance and impact it will have in the next decade may be greatly underestimated.
The advent of ChatGPT, one of the pioneering generative AI models, has propelled artificial intelligence and advanced deep learning into public discourse, according to industry experts. This breakthrough in AI technology has revolutionized numerous industries and catalyzed conversations surrounding the potential of AI.
Frequently Asked Questions
What is generative AI?
Generative AI is a branch of artificial intelligence that focuses on systems capable of producing original content, such as language, images, or music, without relying on predefined data or human input. It leverages algorithms and deep learning techniques to create new, unique outputs.
How does Oracle ensure data privacy with generative AI capabilities?
Oracle employs a robust cloud infrastructure to ensure data privacy. Customer data is not shared with large language model (LLM) providers or other customers. Each customer has exclusive access to custom models trained on their specific data. Role-based security is integrated into Oracle Fusion Applications workflows, ensuring that only authorized users have access to recommended content.
What are the potential applications of generative AI?
Generative AI can be applied across various industries, including finance, supply chain management, HR, sales, marketing, and customer service. Its capabilities extend to content generation, creative design, personalized recommendations, and process automation, among others. The possibilities are vast and continuously expanding as AI technology advances.
Sources: PYMNTS
FAQ: Generative AI and Oracle Fusion Cloud Applications Suite
What is generative AI?
Generative AI is a branch of artificial intelligence that focuses on systems capable of producing original content, such as language, images, or music, without relying on predefined data or human input. It utilizes algorithms and deep learning techniques to create new and unique outputs.
How does Oracle ensure data privacy with generative AI capabilities?
Oracle ensures data privacy by employing a robust cloud infrastructure. Customer data is not shared with large language model (LLM) providers or other customers. Each customer has exclusive access to custom models trained on their specific data. Role-based security is integrated into Oracle Fusion Applications workflows, ensuring that only authorized users have access to recommended content.
What are the potential applications of generative AI?
Generative AI has a wide range of applications across various industries, including finance, supply chain management, HR, sales, marketing, and customer service. It can be used for content generation, creative design, personalized recommendations, and process automation, among others. The possibilities are continually expanding as AI technology advances.
For more information, please visit the PYMNTS website: PYMNTS
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