Oracle has announced a groundbreaking open skills architecture within Oracle Dynamic Skills, designed to help organizations build and execute a comprehensive skills-based talent strategy. Part of Oracle Fusion Cloud Human Capital Management (HCM), this new feature enables businesses to better understand and leverage employee skills, expand talent access, and make data-driven workforce decisions.
- Overview of Oracle Dynamic Skills
- Skills-Based Talent Strategy:
- Helps organizations develop and implement a skills-based approach to talent management.
- Provides tools to enhance skills data management and align skills with business priorities.
- Skills-Based Talent Strategy:
- Key Features of the Open Skills Architecture
- AI-Powered Bespoke Skills Inventory:
- Creates and maintains a comprehensive catalog of organizational skills.
- Enhances data consistency and relevance for better insights.
- AI-Powered Data Enrichment:
- Combines internal and third-party skills data for expanded insights.
- Aligns talent with business needs using enriched data.
- Skills Library:
- Offers a pre-populated library to accelerate skills-based strategy adoption.
- Enhances workforce decision-making with ready-to-use data.
- Skills Data Analysis:
- Analyzes skills strengths, gaps, and trends with user-friendly business intelligence tools.
- Helps fill skills gaps and nurture the right skills.
- Integrated Skills Intelligence:
- Leverages third-party data and labor market analytics for broader insights.
- Supports informed talent decisions with external data.
- Skills Curation and Management:
- Provides tools for browsing, adding, and refining skills data.
- Personalizes and manages skills library effectively.
- Multiple Language Support:
- Allows engagement with skills data in 30 languages and additional translations.
- Enhances global operations and workforce performance.
- AI-Powered Bespoke Skills Inventory:
- Customer Testimonial
- Kandi Thomas, Senior Technical Program Manager at Navy Federal Credit Union, highlights the importance of Oracle Dynamic Skills in providing visibility into organizational skills and enhancing workforce performance.
- Oracle Cloud HCM
- Complete Solution:
- Connects all HR processes from hire to retire with embedded AI capabilities.
- Provides a single source of truth for informed people strategy and improved business operations.
- Complete Solution:
Oracle’s new open skills architecture within Oracle Dynamic Skills marks a significant advancement in managing and leveraging skills within organizations. By offering comprehensive tools and features for skills management, data enrichment, and global support, Oracle enables businesses to optimize their workforce, enhance decision-making, and stay ahead in a rapidly evolving job market.
