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04 Oct
Better Late Than Never: Olympus Consulting at CloudWorld 2024
We knew CloudWorld 2024 was going to be an unforgettable experience. But boy, did it exceed our expectations! Our team had an absolute blast attending the EPM Partner Summit, sessions, participating in hands-on workshops, and mingling with Oracle product managers, clients, and new friends. Here’s a recap of our exciting journey.
Immersive Sessions and Workshops
CloudWorld 2024 was packed with insightful sessions and workshops that offered a deep dive into the latest Oracle technologies and innovations. Our team attended numerous sessions on Enterprise Performance Management (EPM), artificial intelligence, and cloud infrastructure. The hands-on workshops were particularly enriching, allowing us to apply what we learned in real-time and gain a practical understanding of Oracle’s cutting-edge solutions.
Insider Insights from Oracle Product Managers
One of the highlights of our trip was meeting with Oracle product managers. These interactions provided us with invaluable insights into the latest product updates and upcoming features. We got the inside scoop on how Oracle is leveraging AI to enhance EPM applications, the latest advancements in cloud security, and much more. These conversations will undoubtedly help us better serve our clients and stay ahead of the curve in the fast-paced world of enterprise technology.
Connecting with Clients and Making New Friends
CloudWorld 2024 also provided a fantastic opportunity to connect with our clients. We had productive discussions about their current challenges, future goals, and how Olympus Consulting can continue to support their success. It was rewarding to see the trust and confidence our clients have in us.
But the fun didn’t stop there. We also met many new clients and forged new friendships with fellow attendees. The energy and enthusiasm at the event were contagious, and it was inspiring to be surrounded by so many like-minded professionals passionate about technology and innovation.
AI Takes Center Stage at CloudWorld
This year, there was a huge push on AI at CloudWorld—and for good reason. Oracle EPM Cloud now leverages AI in several innovative ways to enhance performance management and decision-making processes. Here are some standout features:
- EPM Digital Assistant: This assistant provides real-time help, answering questions and producing reports. You can also interact with the assistant through voice recognition, making it more intuitive and user-friendly.
- Predictive Planning: Uses AI algorithms to analyze historical data and provide highly precise forecasts based on trends and patterns. This enhances an organization’s planning and budgeting process, enabling proactive identification of risks and opportunities.
- Machine Learning Model Import: Enables EPM administrators to import and deploy fully trained ML models into Planning applications. Planners can then use advanced predictive modeling to generate accurate forecasts.
- Generative AI in Narrative Reporting: Oracle introduced generative AI features in Narrative Reporting, which help provide insights, draft descriptions, and create visuals. This saves time and ensures accuracy, making it easier for financial managers to create comprehensive reports.
Oracle Cloud EPM Sales Planning
Another significant focus at CloudWorld 2024 was Oracle Cloud EPM Sales Planning. The event highlighted how EPM Sales Planning helps organizations streamline their sales processes, align sales forecasts with financial plans, and improve overall sales performance. This focus underscores Oracle’s commitment to providing comprehensive solutions that integrate sales planning with broader enterprise performance management. Here are some key details:
- Automated Processes: Sales Planning automates critical processes by eliminating spreadsheets in key sales operations processes. This reduces manual effort and minimizes errors.
- Collaboration and Modeling: The platform improves collaboration for planning, modeling, and reporting of sales quotas, attainment, and sales forecasts. Teams can work together more effectively, ensuring alignment across departments.
- Extensibility: Sales Planning is extensible using the EPM Cloud platform, allowing for additional configurations and personalization. Custom navigation flows, dashboards, and infolets can be created to meet specific business needs.
- Integration with Sales Cloud: Sales Planning can be integrated with Oracle Engagement Cloud – Sales Cloud for pushing quota targets to incentive compensation or bringing in actual attainment. This seamless integration ensures that sales and financial planning are closely aligned.
- Enhanced Calculation and Business Rules: Groovy rules can be used to customize calculations and business rules further, enhancing the accuracy and relevance of sales forecasts.
- Scenario Analysis: The platform supports scenario analysis, allowing organizations to create and evaluate multiple sales scenarios. This feature helps in understanding the potential impact of different strategies and making informed decisions based on comprehensive analysis.
Looking Ahead
As we reflect on our time at CloudWorld 2024, we’re filled with excitement and anticipation for what’s to come. The knowledge and connections we gained will be instrumental in driving our mission forward and delivering exceptional value to our clients. We’re grateful for the experience and eager to implement what we’ve learned.
Here’s to more incredible experiences!
