Oracle Launches Oracle Analytics for Cloud HCM

By CIO Applications| Friday, May 15, 2020

Oracle Analytics for Cloud HCM provides HR executives, analysts, and line-of-business leaders with deeper insights into workforce management by enabling a comprehensive view of data from across the organization

Fremont, CA: Computer technology firm Oracle announced the availability of Oracle Analytics for Cloud HCM. The new platform is built on Oracle Analytics Cloud and powered by Oracle Autonomous Database. Oracle Analytics for Cloud HCM provides HR executives, analysts, and line-of-business leaders with deeper insights into workforce management by enabling a comprehensive view of data from across the organization. The platform's new self-service analytics capabilities help customers maximize the value of Oracle Cloud HCM.

"In today's volatile business environment, HR has become a key strategic business partner for the organization," said T.K. Anand, senior vice president, Oracle Analytics. "With Oracle Analytics for Cloud HCM, customers are now able to leverage out-of-the-box HR analytics to gain unprecedented intelligence and reduce the organization's reliance on IT. This allows for closer collaboration between HR and other key business units – such as finance – to help our customers navigate uncertain times and position them for sustained business growth."

The Oracle Analytics for Cloud HCM is targeted at HR decision-makers and business partners and includes multiple pre-built features like:

Cross-functional Data Model

This accelerates the analysis of large volumes of operational data within Oracle Cloud HCM. The data model resides within the high-performing, easy-to-use, and elastically scalable Oracle Autonomous Data Warehouse, enabling alignment across business functions.

KPI and Dashboard Library

It helps deliver a rich set of more than 50 HR KPIs, dashboards, and reports for crucial HR metrics, including workforce composition, Turnover, and retention, and team effectiveness, to help HR teams gain faster insights. Some of the pre-built KPIs include Workforce demographics, Span of control, and hire and promotion status, Turnover (voluntary and involuntary) and retention, Diversity statistics and trends, Compensation trends and ratios, and Performance talent ratios.

Advanced Analytics

This saves HR team time, effort, and potential errors in calculations by analyzing key areas like Top talent retention, Turnover by compa-ratio, Team effectiveness, Span of control, and Diversity.

Extensibility to Fit the Business

Enables customers to augment Oracle Cloud HCM data with data from other Oracle applications, non-Oracle applications, or other external data sources.

"Organizations routinely report that utilizing cross-functional data delivers competitive advantage," said Dave Menninger, SVP, Ventana Research. "Analytics based on a range of data that extends beyond the limits of the department – such as the capabilities in Oracle Analytics for Cloud HCM – enable line-of-business personnel to make decisions and take actions for the organization to best meet its strategic and operational objectives."

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