Oracle Sees AI Advancing Finance, Supply Chains

Corporate finance and IT departments along with supply chain managers are the largest benefactors of AI technology, according to an emerging technologies study released this week by Oracle. Separately, Oracle (NYSE: ORCL) new cloud-based database infrastructure along with an expanded interoperability partnership with Microsoft (NASDAQ: MSFT). The AI research released Wednesday (Feb. The survey of 700 finance executives and IT managers concludes that AI-driven technologies such as blockchain and the Internet of Things have "passed the adoption tipping point" and in some cases exceeded corporate expectations. Among the early results are reductions in errors within finance departments and greater use of digital assistants to increase productivity and accelerated financial analysis.