Oracle to enhance candidate experience with AI-powered recruiting

LAS VEGAS - Oracle (NYSE:ORCL), a prominent player in the software industry with a market capitalization of $852 billion, announced new AI capabilities for its Oracle Fusion Cloud Recruiting service on Wednesday, designed to improve the hiring process for both candidates and recruiters. The company, which has demonstrated strong revenue growth of 9.67% over the last twelve months, continues to expand its cloud services portfolio.

The new Oracle Career Coach, built using Oracle AI Agent Studio, analyzes candidates' backgrounds, skills, and interests to provide better job matches and deliver more comprehensive talent insights to hiring teams, according to a press release from the company. This innovation comes as Oracle maintains a robust financial position, with InvestingPro analysis showing the company's overall financial health score as "GOOD."

The AI-powered system aims to create personalized candidate experiences through deep analysis of work experience, delivering job recommendations based on talent profiles and preferences, and providing 24/7 conversational AI assistance for candidates.

For recruiters, the system offers features to expedite applications by automatically transferring candidate profile data into application fields and simplifying interview scheduling with one-click coordination based on interviewer availability.

"Oracle Career Coach applies AI to remove these obstacles and streamline the process from exploration to application," said Nagaraj Nadendla, senior vice president of HCM Product Development at Oracle.

The new capabilities allow organizations to maintain unified branding across all candidate interactions and offer multi-channel access through mobile-responsive experiences and messaging platforms like SMS and WhatsApp.

Oracle Cloud HCM is part of Oracle Fusion Cloud Applications, connecting human resource processes across organizations with embedded AI capabilities. The company states that customers can also create their own AI agents using AI Agent Studio for Fusion Applications.

Oracle (NYSE:ORCL) noted that the features outlined represent the company's general product direction and may be subject to change in development, release, timing, and pricing.

In other recent news, Oracle has made significant advancements in its cloud and AI offerings. Oracle introduced new networking capabilities within its Oracle Acceleron suite, aimed at enhancing the speed and cost-effectiveness of workloads on Oracle Cloud Infrastructure. Additionally, Oracle launched its AI Data Platform to facilitate enterprise AI initiatives by connecting generative AI models with data and workflows. In a collaboration with Microsoft, Oracle is working on integrating Oracle Fusion Cloud Supply Chain & Manufacturing with Microsoft's Azure IoT Operations to optimize manufacturing supply chains.

Several AI startups, including Baseten and Luma AI, have chosen Oracle Cloud Infrastructure for their AI workloads, benefiting from its low-latency networking and high-performance storage. Meanwhile, PwC has expanded its use of Oracle Fusion Cloud Enterprise Resource Planning to standardize financial operations across its global network, utilizing AI capabilities for enhanced financial controls. These developments highlight Oracle's continued efforts to strengthen its cloud infrastructure and AI capabilities for a diverse range of industries.

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