Accenture and Oracle are investing in new generative AI solutions, tools, and training to help organizations maximize the value of their data to drive next-level growth and continuous innovation.
Together, Accenture and Oracle will help clients across industries reinvent their businesses with generative AI, moving from experimentation to adoption at scale.
The companies will leverage Oracle Cloud Infrastructure (OCI) Generative AI to help increase efficiency, improve resilience, and deliver superior customer and employee experiences while keeping client’s data private and secure. With an initial focus on driving digital finance transformation across industries, new generative AI-powered OCI solutions can provide finance teams with real-time data analysis and recommendations, transforming decision-making.
“Our clients are laser-focused on moving beyond generative AI experimentation to value realization. In fact, according to new Accenture research, 85% of C-suite leaders are confident they will achieve the expected ROI on their generative AI investments this year,” said Lan Guan, chief AI officer at Accenture. “Together with Oracle, we’re delivering the enterprise-grade generative AI solutions organizations need to drive new value and completely reimagine business functions and processes.”
For chief financial officers (CFOs), generative AI can help speed up tasks that were once arduous, time-intensive, and manual, simplifying finance processes, accounting closes, filings, and planning. Harnessing Accenture’s extensive experience — in financial planning and analysis, corporate finance and risk, finance and accounting operations, and organizational design — coupled with Oracle technology, specific solutions and use cases can include:
- Procurement Spend Analysis: Leveraging client-specific data and generative AI and machine learning (ML) algorithms, procurement teams can make data-driven decisions based on business-relevant insights.
- Financial Planning and Analysis Demand Forecast: With generative AI and ML, organizations can get a clear explanation of variances and impacts for more accurate demand forecasts.
- Dynamic Scenario Planning: Through generative AI, historical and real-time data analysis and a curated knowledge base, finance teams can explore various financial scenarios. This generative AI-augmented analysis can reduce the time and allowing organizations to respond promptly to market changes.
“Oracle continues to be at the forefront of enterprise AI, making generative AI available throughout our stack—from infrastructure to data and applications—to meet customers’ unique needs,” said Greg Pavlik, senior vice president of AI and Data Management Services, Oracle. “We’re excited to be partnering with Accenture to deliver enterprise-class generative AI-powered solutions that address real-world business problems.”
Accenture has launched a new generative AI-powered Oracle assistant that enhances the development and delivery of Oracle solutions by integrating specific Oracle and Accenture data. By contextualizing large language models (LLMs) tool tailored responses to Oracle-related queries and supports the software delivery lifecycle by automating tasks, generating documentation, improving code quality, and accelerating development.
Today’s announcement builds on Accenture’s $3 billion investment in AI.
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