However, Dynamic Skills is not new and was initially introduced in April 2023 as part of Fusion Cloud HCM. What’s new though are the AI-powered capabilities, which according to Oracle, provide a complete view of skills woven into processes across the enterprise and can help it optimize its workforce performance, planning, budgeting, and reskilling or upskilling efforts.
The new AI-powered capabilities include a skills inventory, a skills library, skills data analysis, and integrated skills intelligence.
While the skills inventory capability allows enterprise HR teams to gain a complete and updated catalog of their organization’s skills that can be modified or refined, the skills library in Dynamic Skills is designed to help HR teams jumpstart their skills journey with an extensive pre-populated library of all skills currently available.
