PLEASANTON, CA and LONDON, UNITED KINGDOM--(Marketwired - Nov 4, 2014) - Workday, Inc. (
Announced at Workday Rising 2014, the new suite of applications is a focal point of the company's greater plan to deliver smarter technology and specific applications that further the value customers can gain with one system in the cloud. To achieve this, Workday introduced SYMAN, an intelligent information engine that weaves a predictive engine, a recommendation engine, matching algorithms, and search relevancy throughout the Workday foundation. As a result, customers will see smarter features and functionality across the Workday platform as well as within specific Workday Insight Applications.
Introducing Workday Insight Applications
With built-in reporting and analytics, Workday has historically equipped customers with real-time visibility into past and current business activity in order to make informed decisions about the people and financials in their organizations. As customer needs for more advanced analytics have increased, Workday has enhanced these insights with features including improved data visualization and the ability to pull in external data sources using Workday Big Data Analytics. Now, Workday is taking the next step forward in analytics with Workday Insight Applications, a new suite of applications that will help users predict future business events with recommendations a decision-maker can take in order to capitalize on business opportunities or minimize risks.
Designed in partnership with customers, Workday Insight Applications will deliver:
Workday is scheduled to make select Workday Insight Applications generally available to customers in calendar year 2015.
Comments on the News
"To make the decisions that matter most to their businesses, our customers want an experience similar to consumer applications that understand user activity over time to deliver more relevant, personalized recommendations on what book to buy, what movie to watch, or what route to take," said Aneel Bhusri, co-founder and CEO, Workday. "With Workday Insight Applications, we're placing that level of simplicity, accuracy, and value in the hands of our customers."
"Data science and machine learning are driving a new breed of enterprise applications that will drastically improve decision-making across the organization," said R "Ray" Wang, founder and chairman, Constellation Research, Inc. "The goal is to optimize business outcomes by finding patterns of insight in data. This ultimately should inform predictions and recommendations that decision-makers can act on within an application."
Please visit the Workday blog for additional perspective about Workday Insight Applications as well as other news announced from Workday Rising 2014:
Workday is a leading provider of enterprise cloud applications for finance and human resources. Founded in 2005, Workday delivers financial management, human capital management, and analytics applications designed for the world's largest companies, educational institutions, and government agencies. Hundreds of organizations, ranging from medium-sized businesses to Fortune 50 enterprises, have selected Workday.
This press release contains forward-looking statements including, among other things, statements regarding the expected performance and benefits of Workday's offerings. The words "believe," "may," "will," "plan," "expect," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these 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 quarter ended July 31, 2014 and our future reports that we may 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.
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