Oracle Analytics for Cloud HCM

2020: Release of the solution Oracle Analytics for Cloud HCM

On May 29, 2020 the Oracle company announced release of the analytical solution Oracle Analytics for Cloud HCM. Oracle Analytics Cloud relying on opportunities and Oracle Autonomous Database, the solution Oracle Analytics for Cloud HCM gives to heads of HR divisions, lines of business and analysts of knowledge of an obupravleniya by personnel, providing a complete overview of data on the scale of all organization. Opportunities for the independent analysis allow to obtain data on a number of areas, including structure of the state, effectiveness of heads, control range, a welfare variety of personnel, flowability/deduction of the personnel, contrastive analysis of coefficients and the analysis of valuable specialists.

"In a modern unstable business environment HR became the key strategic business partner for the organization. With the solution Oracle Analytics for Cloud HCM customers receive tools of HR analytics and analytical opportunities, ready to use, and at the same time reduce dependence on IT. It promotes closer interaction of HR department with other key divisions of the company, for example, with financial function that will help customers to overcome tough times and to create conditions for steady growth of business", 'T.K. Anand, the senior vice president for the Oracle Analytics direction noted'

According to the developer, the analytical solution Oracle Analytics for Cloud HCM has the following built-in functions.

• Cross-function model of data. Accelerates the analysis of large volumes of operational data in Oracle Cloud HCM. The data model is placed in elastically scalable service Oracle Autonomous Data Warehouse that provides coordination of these all business functions.
• KPI library and control panels. Offers set from more than 50 performance indicators (KPI) for HR, control panels and reports on key metrics of HR, including structure, flowability and deduction of personnel and also effectiveness of work of a command thanks to which HR specialists can quicker obtain valuable information. The preconfigured KPI are listed below:
  • demography of human resources, the sphere of control given about hiring and promotion;
  • flowability (voluntary and forced) and deduction of personnel;
  • statistical information on a welfare variety of personnel and corresponding trends;
  • trends in the field of remunerations and the amount of compensation;
  • ratios between indicators of productivity and number of specialists.

• Expanded analytics. Allows the staff of HR departments to save time and forces and also to avoid potential errors in calculations using the analysis of the following areas:
  • deduction of key experts;
  • relative indicator of flowability;
  • effectiveness of work of a command;
  • sphere of control;
  • variety.

• Building according to requirements of business. Allows customers to supplement data of Oracle Cloud HCM with data from other Oracle applications, applications of other suppliers or external sources.

"The organizations constantly report that use of cross-functional data provides competitive advantage. The analytics on the basis of the various data which are not limited to limits of division, for example, using Oracle Analytics for Cloud HCM allows the staff of different divisions to make decisions and to take actions which will help the organization to achieve the strategic and operational objectives", 'Dave Menninger, the senior vice president of Ventana Research noted'

"To bring benefit, the analytics should influence business process. Analytical applications are supported by business processes directly, providing different types of the analysis in the form of the ready-made solutions focused on specific processes and specific groups of business users. They cover different functions. Some support the business processes which are not depending on the industry such as purchases, others are specific to specific industries", 'Alice Vudvord and Gareth Gershel, analysts of Gartner noted'

As noted in Oracle, the analytical solution Oracle Analytics for Cloud HCM is the offer in a complex of Oracle applications Analytics for Fusion Applications. It has the same analytical potential, as well as the analytical Oracle Cloud ERP tools. Oracle is going to develop further a complex of Oracle applications Fusion Applications by implementation of additional analytical opportunities.