<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Accenture has partnered with Oracle to develop new GenAI solutions to enhance financial operations and planning.
      </p>
    </li>
    <li>
      <p>
        The partnership focuses on utilizing Oracle Cloud Infrastructure (OCI) Generative AI to provide real-time data analysis and recommendations for financial teams, aiming to improve decision-making processes, such as procurement spend analysis, financial planning, and dynamic scenario planning.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Additionally, the solution will utilize Accenture&rsquo;s proprietary switchboard to aid clients in selecting foundation models based on cost or accuracy.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake:</b>
         The partnership broadens Accenture&rsquo;s customer base for its proprietary switchboard (launched in 
        <a href="https://sp-edge.com/updates/24557">
          November 2023
        </a>
        ). In 
        <a href="https://sp-edge.com/updates/27793">
          March 2024
        </a>
        , Accenture partnered with AWS and Anthropic to provide its LLM fine-tuning services for Anthropic&rsquo;s models.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://newsroom.accenture.com/news/2024/accenture-and-oracle-collaborate-to-help-clients-accelerate-generative-ai-adoption-starting-with-the-finance-organization">
      Press release
    </a>
  </p>
</div>


Generative AI Infrastructure

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
   <p>Accenture and Oracle have joined hands to create new GenAI solutions for improving financial operations and planning. The partnership will leverage Oracle Cloud Infrastructure's Generative AI for real-time data analysis and advice for finance teams, helping improve decision-making in procurement spend analysis, financial planning, and dynamic scenario planning. Moreover, Accenture's private switchboard will be used to assist customers in choosing foundational models based on cost or accuracy.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> The partnership broadens Accenture’s customer base for its proprietary switchboard (launched in <a href="https:<br>
//sp-edge.com/updates/24557"> November 2023 </a> ). In <a href="https:<br>
//sp-edge.com/updates/27793"> March 2024 </a> , Accenture partnered with AWS and Anthropic to provide its LLM fine-tuning services for Anthropic’s models.</p>

Accenture partners with Oracle to build GenAI tools for finance

Data Infrastructure & Analytics

<div>
 
 <p>Oracle has introduced Oracle Database 23ai, a new product range available as cloud services. This software brings AI capabilities to the location of the data, enhancing the efficiency, security, and effectiveness of AI operations within Oracle databases in real-time. It is intended to simplify the integration of AI with data, hasten application development, and manage critical workloads.</p>
 <p>The release of Oracle Database 23ai includes support for Oracle AI Vector Search along with more than 300 other significant features. These features are designed to help simplify the use of AI with data, speeding up the development process for applications, and effectively running mission-critical workloads.</p>
 <p>Additional features of the release include Oracle Exadata System Software 24ai which enables Exadata smart storage to execute AI Vector Search effectively when dealing with large data volumes. Another key feature is OCI GoldenGate 23ai, which allows for the integration of heterogeneous data and maintains high availability across cloud data storage units.</p>
 
</div>

Oracle unveils Oracle Database 23ai, supporting AI Vector Search

<div>
 <p>Oracle has made its AI vector search feature in Oracle Database 23i generally available. This feature uses sentence semantics to help users find information more effectively than traditional keyword searches. The key features of this AI vector search include new SQL operators that help in generating vector embeddings and a VECTOR data type that helps in storing vector embeddings. Additionally, the integration enables comprehensive searches by combining business metrics, security filters, among other features.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> The update broadens Oracle’s activities in the space and follows the launch of its OCI GenAI service in <a href="https:<br>
//sp-edge.com/updates/25852"> January 2024 </a> , a cloud-based platform that allows enterprises to utilize LLMs for tasks like text generation, summarization, and semantic similarity.</p>

Oracle announces general availability of AI vector search feature in Oracle Database 23i

<div>

 <p>Reka, an AI startup, has established a partnership with Oracle Cloud Infrastructure to create AI models for individuals and commercial enterprises. This relationship allows Reka's multimodal models that support more than 20 languages to be trained on Oracle, powered by NVIDIA GPUs. Furthermore, this collaboration makes Reka's models available in the Oracle Cloud Marketplace.</p>

</div>

Reka partners with Oracle to advance GenAI models

Foundation Models

<div>

<p>AI startup Reka has formed a partnership with Oracle Cloud Infrastructure to develop AI models for both individuals and commercial enterprises. This cooperation will allow Reka’s multimodal models, which support more than 20 languages, to be trained using Oracle's NVIDIA GPUs. Furthermore, Reka’s models will also be accessible in the Oracle Cloud Marketplace as a result of this partnership.</p>

</div> <p><b>Analyst QuickTake</b> :<br>
 This partnership comes after the company’s recent launch of <a href="https:<br>
//sp-edge.com/updates/28508"> Core </a> , a frontier-class multimodal language model, this month, and <a href="https:<br>
//sp-edge.com/updates/26584"> Reka Flash </a> , a multimodal and multilingual language model, in February.&nbsp;</p>

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

<div>
 <p>Oracle has introduced new AI features for its Oracle Fusion Cloud Supply Chain &amp; Manufacturing platform. These features are mainly designed for procurement operations and include the automated creation of standardized product descriptions and identification of SEO keywords, suggestions about suppliers to aid in including new suppliers to supply chain activities, and generation of negotiation summaries with the help of AI-aided authoring.</p>
 <p>Oracle believes that these improvements will assist businesses in saving time, minimizing mistakes, and enhancing supplier operations and negotiation procedures. The predominant goal is to aid firms in preventing disruption in their supply chains.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> In the recent past, Oracle has been actively integrating AI into its product offerings to enhance efficiencies in supply chain operations. Earlier in March, the company <a href="https:<br>
//sp-edge.com/updates/27604"> launched </a> new GenAI features in the Fusion Cloud Applications Suite to deliver new GenAI capabilities for item description generation, supplier recommendations, and negotiation summaries. These enhancements are seen as Microsoft's strategy to compete with competitors such as " <a href="https:<br>
//redresscompliance.com/top-5-microsoft-copilot-features-empowerment/"> Copilot </a> " AI features from Microsoft.</p>

Oracle introduces GenAI features to Fusion Cloud Supply Chain & Manufacturing platform

<div>
<p>Oracle has launched "Oracle Smart Operations", a part of its Oracle Fusion Cloud Supply Chain and Manufacturing suite. This solution uses AI and advanced technologies to improve global supply chain processes.</p>
<p>Oracle Smart Operations comes with advanced features intended to increase productivity, improve product quality, minimize unexpected downtime, and improve operational visibility. Tools included in the solution, such as Operator Workbench and Digital Work Instructions for Oracle Cloud Manufacturing and the Maintenance Technician Workbench for Oracle Cloud Maintenance, are designed to streamline processes, mitigate risks of unplanned downtime, and provide better insights into operations.</p>
<p>Oracle developed this new solution with the goal of helping organizations increase their operational efficiency and resilience, even amidst disruption. A notable benefit of this product is its smart manufacturing and maintenance capabilities that automate and optimize manual processes, while enhancing safety and quality.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Oracle is actively expanding its capabilities in the supply chain space. Earlier in March, the company <a href="https:<br>
//sp-edge.com/updates/27604"> launched </a> new GenAI features in the Fusion Cloud Applications Suite, including supply chain software. It also <a href="https:<br>
//sp-edge.com/updates/27142"> expanded </a> its business intelligence tools, improved logistics network modeling, and launched an updated mobile app in the Fusion Cloud Supply Chain Suite.</p>

Oracle introduces Oracle Smart Operations to enhance supply chain procedures

<div>
 <p>Oracle has rolled out an expansion to its corporate software suite, incorporating GenAI features. The enhanced software targets aiding businesses in effectively running their operations, including supply chain tasks.</p>
 <p>The latest update focuses on boosting efficiency and productivity by automating functions. In supply chain management, the expanded software will offer new GenAI functions for generating item descriptions, suggesting suppliers, and delivering negotiation summaries.</p>
 <p>These new features are regarded as a crucial part of Oracle's strategy to rival competitor offerings like Microsoft's "Copilot" AI features.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> During the recent past, Oracle has been expanding its capabilities in the supply chain space. Earlier in <a href="https:<br>
//sp-edge.com/updates/27142"> March </a> , the company expanded its business intelligence tools, improved logistics network modeling, and launched an updated mobile app in the Fusion Cloud Supply Chain Suite.</p>

Oracle adds new GenAI features into Fusion Cloud Applications Suite, including supply chain software

<div>
 <p>Oracle has introduced new updates to the Oracle Fusion Cloud Supply Chain and Manufacturing suite to increase supply chain resilience. The improvements aim at increasing visibility, lowering cost, automating procedures, and promoting data-driven decisions to combat the current global supply chain issues.</p>
 <p>The enhanced features include extended business intelligence tools, improved logistics network modeling, a new trade incentive scheme, and an upgraded mobile application.</p>
 <p>Oracle insists that these upgrades will provide treasury departments with a deeper comprehension of global transportation and trade network dynamics, allowing them to forecast cash flow and scenario plans based on the most up-to-date and accurate supply chain data.</p>
</div>

Oracle introduces new logistics capabilities in Fusion Cloud Supply Chain Suite

<div>
 <p>Oracle has launched new logistical features into Fusion Cloud Supply Chain and Manufacturing (SCM) with no additional costs. The goal is to optimize logistics operations, enhancing visibility and decision-making.</p>
 <p>The enhancements made to Oracle Transportation Management and Oracle Global Trade Management includes the introduction of wider business intelligence capabilities, improved logistics network modeling, a novel trade incentive program, an updated Oracle Transportation Management mobile app, and advanced workbenches. The objective of these features is to simplify processes, ease navigation through regulatory compliance, and reduce the effect of shipping disruptions.</p>
</div>

All Updates

Accenture partners with Oracle to build GenAI tools for finance

Oracle unveils Oracle Database 23ai, supporting AI Vector Search

Oracle announces general availability of AI vector search feature in Oracle Database 23i

Reka partners with Oracle to advance GenAI models

Reka partners with Oracle to advance GenAI models

Oracle introduces GenAI features to Fusion Cloud Supply Chain & Manufacturing platform

Oracle introduces Oracle Smart Operations to enhance supply chain procedures

Oracle adds new GenAI features into Fusion Cloud Applications Suite, including supply chain software

Oracle introduces new logistics capabilities in Fusion Cloud Supply Chain Suite

Oracle enhances Fusion Cloud SCM to improve efficiencies in global supply chains

Generative AI Infrastructure

Accenture partners with Oracle to build GenAI tools for finance

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