Oracle(ORCL) Prnewswire·2024-09-11 13:08Oracle Cloud HCM and Dynamic Skills - Oracle announced a new open skills architecture within Oracle Dynamic Skills, part of Oracle Fusion Cloud Human Capital Management (HCM), to help organizations develop and execute a skills-based talent strategy [1] - Oracle Dynamic Skills enables organizations to manage skills data alongside work and people data for improved insights and data-driven decisions [2] - The new open skills architecture includes AI-powered bespoke skills inventory, AI-powered data enrichment, skills library, skills data analysis, integrated skills intelligence, skills curation and management, and multiple language support [2] Benefits of Skills-Based Talent Strategy - A skills-based talent strategy helps organizations uncover critical work and workforce insights, tap into more diverse talent, and maximize performance [2] - Oracle Dynamic Skills helps organizations better understand and leverage employee skills, expand access to talent, and make smarter workforce decisions [1] - Navy Federal Credit Union emphasized the importance of having visibility into organizational skills to identify specific needs, maximize workforce performance, and deliver exceptional service [3] Oracle Cloud HCM Features - Oracle Cloud HCM is a complete solution connecting every human resource process from hire to retire with a native employee experience platform and embedded AI capabilities [4] - The platform provides HR teams with a single source of truth for employee data to inform their people strategy [4] - Embedded AI acts as an advisor to help analyze workforce data, generate content, and augment or automate processes to improve business operations [4] Oracle and CloudWorld - Oracle offers integrated suites of applications and secure, autonomous infrastructure in the Oracle Cloud [5] - Oracle CloudWorld showcases the latest innovations in cloud technology, AI, and automation, helping customers and partners increase productivity and efficiency [6]