# NetSuite Unveils World’s First Intelligent Cloud Suite Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-04-25 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Oracle NetSuite: Intelligent Cloud Suite with AI & ML Meta Description: Oracle NetSuite introduces groundbreaking AI and machine learning capabilities within its cloud business management suite to provide real-time insights and URL: https://financedigest.com/netsuite-unveils-worlds-first-intelligent-cloud-suitehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd250418-1-1-1736842813347-compressed.jpg) **Artificial intelligence and machine learning deliver insights, automation and intelligent interactions** Providing customers with the tools and insight required to meet rapidly evolving business demands, Oracle NetSuite today announced the world’s first intelligent cloud suite. By natively building powerful artificial intelligence and machine learning-based capabilities within its leading cloud business management suite, [NetSuite](http://www.netsuite.com) can deliver the insight, interaction and automation customers need to grow their business. “A pioneer in the cloud, NetSuite has long been a leader in providing powerful business intelligence across its suite,” said Jim McGeever, executive vice president, Oracle NetSuite. “With new [artificial intelligence and machine learning](https://www.financedigest.com/machine-learning-in-artificial-intelligence.html "Machine learning in artificial intelligence") capabilities within NetSuite, we’re equipping our customers to understand not only what’s happened with their business, but what will happen in the future and how they can stay ahead.” Businesses can no longer rely on backward-looking data or traditional [business intelligence](https://www.financedigest.com/social-business-intelligence-market-to-reach-a-valuation-of-us29-bn.html "Social Business Intelligence Market to reach a valuation of US Bn") (BI) systems to successfully grow, scale and adapt to change. To provide the real time-insights businesses [need today](https://www.financedigest.com/cfos-need-to-embrace-todays-technology-for-tomorrows-success.html "CFOs need to embrace today’s technology for tomorrow’s success "), NetSuite has built upon its existing native BI functionality by incorporating advanced machine learning and sophisticated data science within its unified cloud suite. The new [intelligent cloud combines NetSuite and third-party data to enable businesses to make proactive and timely](https://www.financedigest.com/now-is-the-time-for-banks-to-introduce-intelligent-account-analysis.html "Now Is the Time for Banks to Introduce Intelligent Account Analysis") decisions and take action from right within the NetSuite application. “A future where AI drives new business models is quickly becoming the present,” said R “Ray” Wang, principal analyst and founder, Constellation Research. “Having business applications that can deliver predictive, prescriptive and [automated outcomes is going to be an imperative for businesses](https://www.financedigest.com/the-importance-of-upskilling-to-prepare-for-business-automation.html "The importance of upskilling to prepare for business automation") that want to grow and succeed in the years to come.” The new [artificial intelligence](https://www.financedigest.com/how-artificial-intelligence-is-simplifying-sanctions-screening-for-insurers.html "How Artificial Intelligence is Simplifying Sanctions Screening for Insurers") and machine learning based capabilities enable businesses to glean better insights, drive efficiencies by further automating processes and determine the next best action with predictive actions. The intelligent [cloud suite can deliver](https://www.financedigest.com/trend-micro-cloud-one-delivers-projected-roi-of-up-to-188.html "Trend Micro Cloud One Delivers Projected ROI of Up to 188%") benefits to business users across the organization. - **Finance and Procurement Professionals**: AI and machine learning enables finance professionals to improve audit risk analysis, analyze past payment history with vendors and customers and enhance [cash flow](https://www.financedigest.com/covestro-sees-lower-2023-profit-cash-flow-as-macro-challenges-prevail.html "Covestro sees lower 2023 profit, cash flow as macro challenges prevail") predictions, a key pain point for growing businesses. - **HR Professionals**: AI and machine learning enables HR professionals to create profiles of the best candidate based on existing top performers, predict high performers who might be a flight risk and better automate employee self-service by identifying what questions employees might have based on role, [time of year](https://www.financedigest.com/elon-musk-named-times-2021-person-of-the-year.html "Elon Musk named Time’s 2021 ‘Person of the Year’") or other factors. - **[Supply Chain](https://www.financedigest.com/amazon-introduces-seller-storage-service-to-tackle-supply-chain-woes.html "Amazon introduces seller storage service to tackle supply chain woes") Professionals**: AI and machine learning offers supply chain professionals the potential to not only identify risks or potential upcoming problems in the supply chain but, as it learns, provide potential solutions. - [**Manufacturing Professionals**: AI and machine learning helps manufacturing professionals optimize labor schedules in the warehouse based on past performance or predicted demand](https://www.financedigest.com/the-biologics-contract-manufacturing-demand-market-to-encapsulate-digitization.html "The Biologics Contract Manufacturing Demand Market to encapsulate digitization") and identify machinery in need of maintenance before it becomes a problem. - **Commerce Professionals**: AI and machine learning helps commerce professionals significantly boost searchandising and improve online sales and conversions by serving up products customers are more likely to buy based on [key indicators](https://www.financedigest.com/alanine-market-key-players-swot-analysis-key-indicators-and-forecast-to-2029.html "Alanine Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2029") such as past purchases, search history and results of similar buyers. - **Customer Services Professionals**: AI and machine learning provide customer service professionals with more accurate results around [total](https://www.financedigest.com/the-cervical-total-disc-replacement-market-to-grow-based-on-customized-digitization.html "The Cervical Total Disc Replacement Market to grow based on customized digitization") customer lifetime value by using predictions of costs to the support organization, anticipated satisfaction and information on a customer’s likelihood of renewal. - **Marketing Professionals**: AI and machine learning help [marketers improve](https://www.financedigest.com/leno-bags-market-witness-a-spike-in-growth-pace-recent-improvements-in-pricing-models-fmi.html "Leno Bags Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI") campaign optimization by identifying what type of campaigns lead to a conversion with what frequency and what type of sale based on demographics, a profile within the customer base, and activity on the website, at events or other available data points. - **Sales Professionals**: AI and machine learning for sales teams support intelligent interactions guiding agents through the sales process, personalizing it for the prospect, the product and upsell, and cross-sell opportunities. “Data is the new gold. With NetSuite, we have real-time insights and visibility into all of our key performance indicators, enabling us to make lightning fast decisions,” said Tony Drockton, Founder and CEO of [Hammitt](https://www.hammitt.com/), a Los Angeles-based luxury accessories brand. “Building in intelligence and [automation will make using NetSuite easier and more powerful](https://www.financedigest.com/transactions-disputes-the-power-of-automation.html "Transactions, Disputes & the Power of Automation") than it already is.” --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---