Transformative AI Features Unveiled in NetSuite Next Release

Revolutionizing Business Operations with NetSuite Next

The next generation of NetSuite incorporates conversational AI and agentic workflows to redefine business operations.

During a recent event, Oracle NetSuite showcased its latest offering, NetSuite Next. This innovative platform is designed to enhance collaboration, insight, adaptability, and trustworthiness in business operations. By embedding advanced AI capabilities such as conversational intelligence and natural language processing, NetSuite Next allows businesses to automate repetitive tasks efficiently and effectively, paving the way for quicker and more reliable outcomes.

As Evan Goldberg, the founder and executive vice president of Oracle NetSuite, emphasized, "NetSuite Next leverages AI to integrate seamlessly with existing business practices." He pointed out that the innovations embedded within NetSuite Next aim to provide valuable insights while autonomously managing complex and routine tasks, always respecting established data governance and roles. This means that every action taken through the platform is informed by reliable data sources while adapting to users' unique contexts.

Enhanced User Experience with Ask Oracle

A cornerstone of the NetSuite Next experience is a feature called Ask Oracle. This natural language assistant empowers users to interact with the entire NetSuite database using everyday language. It provides context-aware answers, visualizations, and reasoning, effectively taking the user experience to the next level. More than just a search tool, Ask Oracle enables users to engage with the system intuitively, making data-driven decisions based on a comprehensive understanding of their business environment.

Furthermore, the Ask Oracle functionality encompasses customizations and extensions developed on the SuiteCloud Platform. This ensures a seamless integration of third-party applications while providing deeper insights that resonate with a user's operational context.

Switching to NetSuite Next: A Seamless Transition

Transitioning to NetSuite Next is designed to be incredibly straightforward for existing customers. With a simple button press, the platform will enable users to switch without needing to undergo extensive migration processes or disrupt current customizations. Built on the Oracle Cloud Infrastructure (OCI), NetSuite Next merges a unified data model with transparent, auditable AI. This lays a solid foundation for a user-friendly experience focused on security, reliability, and trust.

Healthcare professionals and organizational decision-makers will find that NetSuite Next not only streamlines existing operations but also identifies potential risks and opportunities in real time. By understanding each user's role and operational context, the platform assures that it can handle both routine tasks and more intricate complexities, allowing users to maintain control over their business processes.

Key Features of NetSuite Next

NetSuite Next introduces an array of groundbreaking features:

• AI Canvas: A dynamic collaborative workspace that empowers teams to convert data into actionable insights. AI Canvas supports problem analysis, solution brainstorming, and the initiation of agentic workflows all from an interactive visual layout.
• Narrative Summaries and Insights: This feature automates contextual explanations and is accessible across record forms, reports, and various other areas of the suite. By leveraging NetSuite's unified data model, these summaries proactively highlight correlations and trends that help users anticipate challenges and seize opportunities.
• Agentic Workflows: Intelligent workflows that utilize AI to automate complex processes such as payment proposals, vendor selections, and supply chain management. Users have the flexibility to approve vital decisions or allow AI agents to act autonomously.
• Document and Knowledge Integration: Implementing large language models to extract and validate data from various document types, NetSuite Next enhances insight accuracy. It transforms isolated documents into actionable workflows, lessening manual efforts significantly.

Looking Ahead: Availability and Future Developments

NetSuite Next is expected to be accessible initially for customers in select regions within the upcoming year. This rollout plan emphasizes the commitment of Oracle NetSuite to deliver cutting-edge technological solutions while ensuring a smooth transition for current users.

Frequently Asked Questions

What is NetSuite Next?

NetSuite Next is the latest platform by Oracle NetSuite that integrates advanced AI capabilities to improve business processes and enhance productivity.

How does Ask Oracle enhance user experience?

Ask Oracle allows users to inquire and interact with NetSuite using natural language, providing context-aware responses and simplifying data analysis.

Can existing customers easily switch to NetSuite Next?

Yes, customers can transition to NetSuite Next with a single button press without any need for extensive migration or disruptions.

What are agentic workflows in NetSuite Next?

Agentic workflows are AI-driven processes designed to automate complex tasks, giving users the option to approve decisions or allow AI to operate autonomously.

When will NetSuite Next be available?

NetSuite Next is expected to be available initially for customers in specific regions in the upcoming year, with a focus on seamless adoption.

About The Author

Hi there, I'm Hannah Lewis, a writer and financial specialist of 36 years old committed to making money understandable and approachable to everyone. Years of working in the field have given me a thorough grasp of market trends, investment techniques, and economic fundamentals. My objective is to enable people, by means of understandable, useful guidance, to take charge of their financial destiny.

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