Oracle Transforms Business Software to Work with AI Assistants

Technology giant Oracle is redesigning its corporate finance and procurement software to integrate with artificial intelligence agents. The company aims to let AI handle routine data tasks while humans focus on strategic business decisions.

Technology corporation Oracle is transforming its cloud-based business software to integrate with artificial intelligence assistants, allowing companies to ask business questions and have AI locate the necessary information automatically.

The software updates, which Oracle revealed at a London event on Tuesday, represent part of an industry-wide shift where corporate software providers are modifying their platforms to support AI agents that can perform tasks for human users.

Oracle’s stock has declined approximately 40% this year amid investor worries that artificial intelligence tools may replace complex business software systems. Company leadership has maintained they are incorporating AI technology to keep their products competitive with these technological advances.

The tech firm is upgrading its Fusion software package, which handles essential business operations including factory production planning and customer payment collection.

Steve Miranda, Oracle’s executive vice president of applications development, explained the company wants to simplify focusing on business challenges, such as reducing costs and speeding up new product development while limiting supply chain risks.

Miranda noted that information required for these decisions is spread across Oracle’s various applications and connected third-party systems. Artificial intelligence will handle tasks like data entry, information gathering, and providing recommendations, while human workers will concentrate on skills such as supplier negotiations and determining acceptable risk levels for supply disruptions.

“Typing in an invoice isn’t a particularly high-value skill to your enterprise or to the person you know who does that part of their job,” Miranda stated.

“Decision making is still kind of up to that human and weighing the different pros and cons of that case. But certainly the execution, the typing of the invoices, the typing of the purchase order, that is what is going to be replaced in whole in AI,” he added.