Oracle Unveils AI Agents to Revolutionize Supply Chain Management
Streamlining Operations with Autonomous AI Bots
Oracle has taken a significant leap in the world of artificial intelligence with the introduction of its latest AI agents, designed specifically for manufacturers. This move comes on the heels of the company’s announcement of its involvement in the ambitious Stargate Project, a collaboration with OpenAI and SoftBank to build AI data centers across the US.
The Power of AI Agents
AI agents are specialized AI bots that can perform tasks on behalf of users, either autonomously or with oversight, across multiple applications. This technology has the potential to transform the way businesses operate, allowing them to streamline mundane but time-consuming tasks and focus on more strategic initiatives. Industry giants such as Microsoft, Google, and Nvidia are also investing heavily in AI agents, recognizing their potential to drive efficiency and innovation.
Oracle’s AI Agents for Supply Chain Management
Oracle’s new AI agents are designed to help supply chain workers across various roles, from procurement to sustainability. These agents can automate routine tasks, enable greater accuracy and efficiency, and facilitate smarter decision-making. According to Chris Leone, Oracle’s executive vice president of applications development, “Our AI agents for supply chain management help ease the administrative burden by streamlining workflows and automating routine tasks to enable greater accuracy and efficiency, smarter decision-making, and ultimately, a more agile and responsive supply chain.”
The Oracle Fusion Cloud Supply Chain and Manufacturing Platform
Oracle’s AI agents are available through its Oracle Fusion Cloud Supply Chain and Manufacturing platform, which provides a comprehensive suite of tools to help employees manage everything from product inspections to detailed delivery instructions for goods.
The AI Agent Explosion
The tech industry is witnessing an explosion of AI agent development, as companies seek to maximize the potential of their AI investments. Microsoft has released its own AI agent builder, while Google has its Vertex AI Agent Builder. Oracle’s announcement is a significant step in this direction, demonstrating the company’s commitment to driving innovation and efficiency in the AI space.
Oracle’s Cloud Service on the Rise
While Oracle’s cloud service lags behind that of Amazon, Microsoft, and Google in terms of market share, the company is gaining ground rapidly. In Q2, Oracle reported a 52% increase in cloud infrastructure revenue to $2.4 billion, while cloud application revenue jumped 10% to $3.5 billion. Shares of Oracle have risen sharply over the last year, climbing 41% over the last 12 months.
A Bright Future Ahead
As the AI wave continues to gather momentum, Oracle is well-positioned to ride the trend. With its latest AI agents and involvement in the Stargate Project, the company is poised to make a significant impact on the tech industry and drive growth in the years to come.
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