- Accenture and Oracle are jointly developing generative AI solutions and tools to improve business workflows.
- The companies announced an expansion of their existing partnership in which Accenture will leverage generative AI solutions on Oracle’s Cloud Infrastructure (OCI).
- Accenture and Oracle will develop generative AI solutions to tackle use cases including financial planning, scenario planning and analysing procurement spending.
Accenture and Oracle collaborate on generative AI solutions to enhance business workflows, initially focusing on the finance industry. Their partnership aims to develop advanced data analysis and recommendation capabilities for finance teams.
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The collaboration brings other industries into the picture
“For chief financial officers, generative AI can help speed tasks that were once arduous, time-intensive and manual, simplifying finance processes, accounting closes, filings and planning,” according to a company announcement.
The pair will later look to develop generative AI solutions for other industries, including health care and the public sector.
“Our clients are laser-focused on moving beyond generative AI experimentation to value realisation,” said Lan Guan, Accenture’s chief AI officer. “According to Accenture research, 85% of C-suite leaders are confident they will achieve the expected return on investment on their generative AI investments this year.
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Oracle claims their forefront of enterprise AI
“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, Oracle’s senior vice president for AI and Data Management Services. “We’re excited to be partnering with Accenture to deliver enterprise-class generative AI-powered solutions that address real-world business problems.”
