Company Builds on Its AI Platform and Expands
Its Partner and Developer Ecosystem to Bring the Power of Workday
AI to More Businesses Around the World
SAN
FRANCISCO, Sept. 27, 2023 /PRNewswire/
-- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise
cloud applications for finance and human resources, today
announced at Workday Rising, the company's annual customer
conference, a series of new AI and ML capabilities and partner
ecosystem updates to help businesses drive productivity, streamline
business processes, empower their people, and make better
decisions.
"More than 10,000 organizations around the world rely on Workday
to manage their most valuable assets – their people and their
money," said Carl Eschenbach,
co-CEO, Workday. "They trust Workday to provide powerful,
responsible, transparent solutions that will propel their
businesses forward. Today, we're reinforcing that trust by sharing
cutting-edge solutions that will completely transform the way our
customers do business. With the power of AI and ML and an ecosystem
of industry-leading partners, we are writing the playbook for the
way the future works."
Workday AI Capabilities to Drive Efficiency and Enhance
Employee Experiences
Workday's leadership in AI is set apart by the company's
platform strategy, unrivaled dataset, and commitment to delivering
responsible and trustworthy solutions. AI is embedded in the core
of the Workday platform, enabling the company to rapidly deliver
cutting-edge solutions to customers across all applications.
Workday AI models are fueled by more than 625 billion transactions
processed by the system every year – resulting in the world's
largest, cleanest set of financial and HR data. Workday's unrivaled
dataset, together with the company's responsible AI safeguards,
allow for consistently accurate, meaningful, trustworthy results.
Leveraging the speed and reach of its platform approach, the
company unveiled multiple new AI solutions, including:
- Generative AI capabilities to address common
business challenges such as generating job descriptions, knowledge
base articles, employee growth plans, and statements of work, and
contract analysis and corrections.
- The Workday AI Marketplace to help customers
easily find and deploy proven, trustworthy, and responsible AI and
ML apps within the Workday ecosystem.
- Workday AI Gateway within Workday Extend to
enable developers to build intelligent and responsible apps using
Workday AI.
"Workday is the technical backbone that brings our finance, HR,
and operational data together in one place to help us manage our
people and effectively run our business," said Art Kilmer, chief operating officer, P.F.
Chang's China Bistro. "The AI embedded into the Workday platform
helps augment our people so we can move faster, make more strategic
decisions, and deliver operational efficiencies across our entire
business, ultimately enabling us to better serve our
customers."
New Tools to Help Businesses Better Manage Their Most
Valuable Assets: Their People and Money
Finance and HR professionals need real-time access to data and
information to make faster decisions and better manage their people
and money. To help them deliver on these needs, Workday is
unveiling new capabilities, including:
- Generative AI capabilities in Workday Adaptive
Planning for a streamlined user experience, and new
features to help drive collaboration across finance and HR,
streamline headcount planning, reconcile and report faster, and
deliver increased transparency to business stakeholders.
- Manager Insights Hub, a new solution within
Workday Human Capital Management (HCM) that delivers a simplified
and elevated manager experience powered by AI.
- A new User Success Platform, which includes new
tools that give employees real-time, contextual guidance on how to
complete complex tasks right within their workflow.
Workday Rising is celebrating its 15th year and taking
place in San Francisco through
Friday, September 29. Workday Rising
EMEA will take place in Barcelona
from November 14-16.
For More Information
- Read the blog, "How Workday Is Leading the Enterprise
Generative AI Revolution," by Jim
Stratton, CTO, Workday.
- Read the blog, "Responsible AI Governance at Workday," by
Rich Sauer, chief legal officer and
head of corporate affairs, Workday.
- Register and attend Workday Rising sessions in the digital
program:
- Workday Experience: Strategy and Vision [PSV2211], Sept. 27 at 12:30pm
PDT.
- Workday AI and Machine Learning: Strategy and Vision [PSV2227],
Sept. 27 at 1:45pm PDT.
- Changemaker Keynote: Leadership Insights From Our Workday
Community [KEY03], Sept. 28 at
9:00am PDT.
About Workday
Workday is a leading provider of
enterprise cloud applications for finance and human resources,
helping customers adapt and thrive in a changing world. Workday
applications for financial management, human resources, planning,
spend management, and analytics are built with artificial
intelligence and machine learning at the core to help organizations
around the world embrace the future of work. Workday is used by
more than 10,000 organizations around the world and across
industries – from medium-sized businesses to more than 50% of the
Fortune 500. For more information about Workday, visit
workday.com.
© 2023 Workday, Inc. All rights reserved. Workday and the
Workday logo are registered trademarks of Workday, Inc. All other
brand and product names are trademarks or registered trademarks of
their respective holders.
Forward-Looking Statements
This press release contains
forward-looking statements including, among other things,
statements regarding Workday's plans, beliefs, and expectations.
These forward-looking statements are based only on currently
available information and our current beliefs, expectations, and
assumptions. Because forward-looking statements relate to the
future, they are subject to inherent risks, uncertainties,
assumptions, and changes in circumstances that are difficult to
predict and many of which are outside of our control. If the risks
materialize, assumptions prove incorrect, or we experience
unexpected changes in circumstances, actual results could differ
materially from the results implied by these forward-looking
statements, and therefore you should not rely on any
forward-looking statements. Risks include, but are not limited to,
risks described in our filings with the Securities and Exchange
Commission ("SEC"), including our Form 10-Q for the fiscal quarter
ended July 31, 2023, and other
reports that we have and will file with the SEC from time to time,
which could cause actual results to vary from expectations. Workday
assumes no obligation to, and does not currently intend to, update
any such forward-looking statements after the date of this
release.
Any unreleased services, features, or functions referenced in
this document, our website, or other press releases or public
statements that are not currently available are subject to change
at Workday's discretion and may not be delivered as planned or at
all. Customers who purchase Workday services should make their
purchase decisions based upon services, features, and functions
that are currently available.
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SOURCE Workday Inc.