Oracle NetSuite today announced the latest updates to NetSuite Analytics Warehouse - the first and only AI-enabled, prebuilt cloud data warehouse and analytics solution for NetSuite. The new AI features will help customers accelerate data analysis and gain the contextual insights needed to enhance decision-making and grow faster.

“For growing businesses, making sense of data can be a time-consuming process that may require advanced data science and coding skills. With limited resources, many businesses are not able to invest in these skills and miss out on valuable data insights,” said Evan Goldberg, founder and executive vice president, Oracle NetSuite. “We’re dedicated to helping businesses of all sizes unlock the full potential of their data. The latest updates to NetSuite Analytics Warehouse will help customers automate data analysis and leverage AI to produce fast and meaningful insights that can help improve decision-making.”

Built on Oracle Analytics Cloud and Oracle Autonomous Data Warehouse, NetSuite Analytics Warehouse leverages AI to harness business data and identify opportunities to drive efficiency. The latest updates provide new AI tools and models to help customers analyse data more efficiently and gain predictive insights to improve forecasting. New NetSuite Analytics Warehouse capabilities include:

• Auto-Insights: Help customers accelerate reporting and improve decision-making by generating data visualisations and natural language insights based on a dataset’s attributes, measures, and other points of interest.
• Explain: Help customers gain a greater understanding of their business by leveraging AI to identify meaningful business drivers, contextual insights, and data anomalies.
• Oracle Analytics AI Assistant: Helps customers streamline data discovery through conversational interactions; where customers can ask questions on data patterns, and the Assistant will create an answer and relevant data visualisations using Generative AI.
• Out-of-the-box AI models: Help customers improve decision-making by enabling them to automate analysis with no-code models built for specific use cases that can predict scenarios, such as customer churn and inventory stockouts.
• AutoML: Help customers improve insights and enhance efficiency without requiring technical AI skills by automating algorithm selection and customising modeling workflows.
• Oracle Machine Learning: Help customers improve algorithm performance, expand insights, and enhance decision-making by providing a collaborative interface to explore data visually and tailor ML models to address unique business needs.

Customer Success with NetSuite Analytics Warehouse

BirdRock Home(opens in a new tab) is a manufacturer of home goods including furniture accents, storage, serveware, lawn and garden, and kitchen items. With more than half of its sales completed via ecommerce marketplaces like Amazon, BirdRock Home is using the new predictive model for customer churn in NetSuite Analytics Warehouse to help optimise its product strategy, improve customer experiences, and grow revenue while keeping existing customers engaged.

“Ecommerce marketplaces are extremely competitive environments, and it can be difficult for merchants to stand out and create brand loyalty,” said Mark Chuberka, senior NetSuite administrator, BirdRock Home. “With predictive insights on customer churn, NetSuite helps us understand customer demand for specific product lines and forecast which new products will likely drive continued growth”

Get all the latest updates from SuiteWorld by registering for SuiteWorld On Air: netsuitesuiteworld.com/onair(opens in a new tab). By registering, attendees will have access to keynotes, sessions, and demos. Learn more about how organisations are leveraging the power of NetSuite to improve productivity and drive growth.

About Oracle NetSuite

For more than 25 years, Oracle NetSuite has helped organisations grow, scale, and adapt to change. NetSuite provides an integrated system that includes financials / Enterprise Resource Planning (ERP), inventory management, HR, professional services automation and omnichannel commerce, used by more than customers in countries and dependent territories.

Future Product Disclaimer

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle’s products may change and remains at the sole discretion of Oracle Corporation.

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Media Contact
Dallas Ripka
Oracle Corporation
dallas.ripka@oracle.com
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