Elevating Data Strategies: New Innovations from Oracle NetSuite
Elevating Data Strategies with Oracle NetSuite
New advanced analytics features deliver faster insights to help businesses solve challenges and drive growth.
Latest Innovations in NetSuite Analytics Warehouse
Oracle NetSuite has introduced exciting updates to the NetSuite Analytics Warehouse, designed as the first AI-enabled, prebuilt cloud data warehouse and analytics solution for businesses. These innovations aim to simplify data analysis, providing valuable insights that empower businesses to accelerate their growth.
Unlocking the Potential of AI
With the rapid evolution of business data, Oracle NetSuite recognizes the challenges many organizations face in making sense of their data. Evan Goldberg, founder and executive vice president of Oracle NetSuite, emphasizes the importance of empowering businesses, regardless of size, to harness their data effectively. The latest updates to NetSuite Analytics Warehouse facilitate automation in data analysis, allowing users to quickly obtain significant insights that can enhance decision-making.
Features That Matter
The latest enhancements offer an array of tools and models, helping customers analyze their data more efficiently. Among the new features are:
- Auto-Insights: Enables quick reporting with data visualizations and natural language insights tailored to specific datasets.
- Explain: Provides customers with a deeper understanding of their business metrics by identifying key drivers and anomalies in data.
- Oracle Analytics AI Assistant: A conversational tool that allows users to query data patterns and receive instant visualizations.
- Out-of-the-box AI models: Designed to automate analysis for common scenarios like customer churn, enabling better decision-making without technical intervention.
- AutoML: Allows easy insights with automated algorithm selection, making it accessible for users without technical skills.
- Oracle Machine Learning: Enhances algorithm performance and supports users with a collaborative interface to visualize and refine machine learning models.
Case Study: Customer Success with NetSuite Analytics Warehouse
Consider the example of BirdRock Home, a manufacturer specializing in home goods. This organization has significantly transformed its operations by utilizing the predictive model for customer churn in NetSuite Analytics Warehouse. In a competitive ecommerce landscape, they rely on these insights to enhance product strategy, elevate customer experiences, and drive revenue growth.
Mark Chuberka, senior NetSuite administrator at BirdRock Home, notes the challenges of standing out in a crowded market. Thanks to predictive insights, the company can effectively anticipate customer preferences and trends, ensuring continued business success.
Availability of Exciting New Features
The new capabilities of Auto-Insights, Explain, Oracle Analytics AI Assistant, AutoML, and Oracle Machine Learning are now available for all users of NetSuite Analytics Warehouse. Moreover, the out-of-the-box AI models are expected to launch within the next year, promising further enhancements for data-driven decision-making.
About Oracle NetSuite
For over 25 years, Oracle NetSuite has played a pivotal role in assisting organizations to grow, adapt, and thrive in an ever-changing environment. By providing an integrated system supporting financials, ERP, inventory management, HR, professional services automation, and omnichannel commerce, they cater to over 40,000 customers across 219 countries and territories.
Frequently Asked Questions
What is the NetSuite Analytics Warehouse?
The NetSuite Analytics Warehouse is an AI-enabled, prebuilt cloud data warehouse that provides businesses with analytics solutions to enhance decision-making and operational efficiency.
How does Oracle NetSuite improve data analysis?
Oracle NetSuite enhances data analysis through innovative AI tools that automate insights generation, enabling companies to make data-driven decisions faster.
What are some features of the latest updates?
Key features include Auto-Insights, Oracle Analytics AI Assistant, and AutoML, designed to streamline data processing and improve business intelligence.
Who can benefit from using Oracle NetSuite?
Organizations of all sizes across various industries can benefit from using Oracle NetSuite to optimize their data strategies, drive growth, and enhance customer engagement.
When will the new AI models be available?
The out-of-the-box AI models for NetSuite Analytics Warehouse are planned to be available in the next 12 months, enhancing analytics capabilities further.
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