What’s New in Oracle Analytics Cloud 2024?

Discover Oracle Analytics Cloud's 2024 upgrades! Explore new features that simplify data analysis. Don’t miss our breakdown of top enhancements—Read now!

October 16, 2024
Mohammed Nadeem Uddin
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Published On October 16, 2024

Oracle Analytics Cloud (OAC) is a comprehensive, cloud-based analytics platform with a range of data analysis and visualization tools enabling businesses to make data-driven decisions. Oracle Analytics Cloud allows users to connect, prepare, analyze, and share data across multiple sources, allowing both technical and non-technical users to create insights from large datasets. Key features include:

Self-Service Analytics: Users can explore data independently, create visualizations, and build interactive dashboards without needing advanced technical skills.

AI and Machine Learning Integration: OAC integrates with Oracle Cloud Infrastructure (OCI) AI services, allowing users to incorporate machine learning models and AI-powered insights into their analytics.

Advanced Visualizations: The cloud-based analytics platform supports customizable charts, graphs, and geographic visualizations to represent data meaningfully.

Data Preparation Tools: It provides tools for data wrangling, cleansing, and transforming, streamlining the process of making data analysis-ready.

Collaboration and Sharing: Oracle Analytics Cloud allows teams to share reports and dashboards securely, facilitating collaboration across the organization.

Oracle Analytics Cloud is also designed to be scalable and adaptable, and its cloud infrastructure offers the flexibility to handle large data volumes for organizations of various sizes.

What's New in 2024

In its 2024 update, Oracle Analytics Cloud Services introduced several exciting enhancements across AI integration, data visualization, and user experience.

AI and Machine Learning: The new Oracle Analytics AI Assistant is a key feature, allowing users to interact with their data more intuitively by asking natural language questions. Additionally, integration with OCI AI Services simplifies embedding machine learning models into analytics workflows, enabling deeper insights and predictions.

Enhanced Visualizations: OAC now offers more map customization, including the ability to modify region colors, adjust line thickness, and use static reference layers for more detailed geographic insights. You can also add conditional formatting with icons and emojis, making data visualization more engaging.

Improved Parameters and Calculations: The enhanced parameter management tools allow users to enforce validations and create parameters more efficiently. There’s also support for nested calculations, streamlining complex data processing.

User Experience: The new filter chip style offers a more compact and flexible way to manage dashboard filters, optimizing space for visualizations while improving interactivity. Plus, negative values on the y-axis of charts are now easier to visualize, providing better clarity for financial and trend analysis.

How Can Organizations Leverage the New Features

Organizations can leverage the new features of Oracle Analytics Cloud Services to drive better data insights, operational efficiency, and decision-making.

AI and Machine Learning Integration

AI Assistant: The AI assistant allows teams to access data through natural language queries, simplifying analytics for non-technical users. This allows anyone within the organization to generate insights quickly without needing deep technical skills.

OCI AI Services: The ability to integrate AI services directly into analytics workflows helps organizations automate predictions, anomaly detection, and trend forecasting. For example, an FMCG company could use these AI features to predict supply chain disruptions or shifts in consumer demand, leading to better inventory management.

Enhanced Visualizations

Map Customizations and Static Layers: Organizations that rely on geospatial data, such as retail chains or logistics firms, can customize maps with new region colorings, line adjustments, and static reference layers. For instance, a retail company could visualize store locations alongside custom layers showing population density or weather patterns, aiding in site selection and distribution planning.

Conditional Formatting with Icons and Emojis: This feature enhances the visual appeal of dashboards and can be particularly useful for quickly identifying key trends. A financial services company could use icons to highlight positive or negative trends in financial data, making it easier for executives to focus on critical insights.

Advanced Parameters and Calculations

Enhanced Parameters: With more robust parameter management, organizations can create more dynamic reports that adapt based on user input. For example, a healthcare organization could use this feature to create dynamic dashboards that adjust based on parameters like date range, department, or patient category, providing more tailored insights to decision-makers.

Nested Calculations: Organizations dealing with complex datasets (like manufacturing or telecommunications) can use nested calculations to build multi-layered reports, making data processing more efficient and reducing manual intervention.

Improved User Experience

Filter Chip Style: The new filter chip style can make dashboards more interactive and space-efficient, providing a cleaner layout for users. This is particularly useful in organizations where dashboards are frequently used to monitor real-time operations, such as in customer service or IT support environments.

Visualization of Negative Values: The ability to better visualize negative values on the y-axis will help organizations improve their financial reporting, especially for profit and loss statements. This feature aids industries like retail, where losses or returns are essential metrics.

How Can We Help?

Rite Software can help you implement and deploy Oracle Analytics Cloud and Oracle Analytics Server by leveraging our expertise in both on-premise and cloud analytics platforms. With a track record in delivering tailored data and analytics solutions, Rite Software ensures seamless integration of OAC and OAS into your existing systems, helping you unlock advanced analytics, AI-driven insights, and customized dashboards. Our end-to-end support includes data migration, configuration, advanced analytics, and ongoing optimization, helping your business harness the full potential of Oracle’s on-premise and cloud analytics platforms.