Technological innovation and embedded artificial intelligence will enable global organizations like Boeing and Mondelez International to meet the growing scale and complexity of large enterprise projects.
Pleasanton, California, July 11, 2023 /PRNewswire/ — Workday Co., Ltd. (NASDAQ: WDAY) is the leader in enterprise cloud applications. finance and human resourcestoday introduced its patented next-generation Elastic Hypercube Technology (EHT). this is, Workday Adaptive Planningto meet the growing demands of your organization as you model more complex business scenarios, manage changing business needs, and scale plans to more users.
Today’s economic uncertainty, market volatility and increasing competitive environment require planning teams to analyze and report on massive data sets while considering a huge number of scenarios. Increased dimensionality, new types of data and data sources, the emergence of artificial intelligence (AI) and machine learning (ML), and more stakeholders make the planning process even more complex and easier than ever for planning tools. has become important. Ease of use, speed, scale.
Workday Adaptive Planning’s next-generation EHT is enhanced with new built-in AI and performance improvements to efficiently compute complex models and dynamically auto-scale by adding memory and compute power as needed Realize This new technology is designed to support even the most complex multidimensional planning requirements and high levels of concurrent users without sacrificing speed or performance.
Gain power and scale without compromising flexibility and ease of use
Boeing used Workday Adaptive Planning to transform workforce planning from a siled process into a flexible, consistent and scalable solution. By storing all employee data in one system, Boeing has been able to standardize processes, increase visibility of unpublished job listings, and drive cost savings and operational efficiencies.
“We migrated from hundreds of manual spreadsheets to a more flexible configuration of Workday Adaptive Planning, effectively removing our reliance on disconnected data sets. It was an extra cost,” he said. Jeremy McCann, Boeing Enterprise Workforce Planning Manager. “His latest EHT innovation gives us confidence that we have the processes and visibility we need to build the right workforce to execute our long-term business strategy.”
With Workday Adaptive Planning, Mondelēz International is able to work more efficiently and make faster, more strategic decisions about the future of its non-production workforce.
“Larger organizations have more complex plans, and with more than 90,000 employees in 82 countries, Mondelez’s workforce plan is no exception,” he said. Marcel Sacre, Functional Leaders, Performance, Compensation and Workforce Planning, Mondelez International. “With Workday Adaptive Planning, we are able to analyze large amounts of data across multiple dimensions and get detailed reports in seconds instead of minutes. , which simplifies month-to-month variances between plans and actuals, saving time in analysis and speeding up analytical decision-making.”
Faster answers to complex questions with enhanced performance, speed, and scale
With next-generation EHT, Workday Adaptive Planning customers can experience:
- Optimized speed and performance. Reports, dashboards, and sheets are designed to open quickly without slowing down performance, including very large multidimensional views. The AI built into EHT predicts and computes calculations based on past behavior and inspects the entire model to identify empty data cells that don’t need analysis.
- Support for higher user concurrency. Increased scalability allows more users to access the platform at the same time, supporting the growing number of finance, HR, and business users involved in your organization’s planning process.
- Accelerate data integration. Faster import and export of large amounts of financial and non-financial data provides complete and accurate models.
“For many organizations, the ability to rapidly model and understand the impact of business decisions and disruptions has never been more important,” he said. Dennis Yen, Workday, General Manager of Workday Adaptive Planning. “With continued EHT innovations, including additions to the solution’s existing AI and ML capabilities, Workday Adaptive Planning provides continuous planning, enterprise-wide planning, deeper insight, and the ability to adapt and execute at scale. ”
availability
Next Generation EHT is generally available to all Workday Adaptive Planning customers.
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About Workday
working day is a leading provider of enterprise cloud applications. 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 around artificial intelligence and machine learning to help organizations around the world embrace the future of work. Workday is used by his 10,000+ organizations worldwide in a variety of industries, ranging from midsize businesses to over 50% of enterprises. luck 500. For more information about Workday, please visit: workday.com.
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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 solely on currently available information and our current beliefs, expectations and assumptions. Forward-looking statements are forward-looking and are subject to inherent risks, uncertainties, assumptions and changes in circumstances that are difficult to predict, many of which are beyond our control. If risks materialize, assumptions prove to be incorrect, or unforeseen changes in circumstances occur, actual results may differ materially from those implied by these forward-looking statements. As such, you should not rely on any forward-looking statements. Risks include, but are not limited to, those risks described in filings with the Securities and Exchange Commission (“SEC”), such as Form 10-Q for the closed fiscal quarter. April 30, 2023, and other reports filed with the SEC and filed from time to time by the Company, could cause actual results to differ from those projected. Workday does not undertake, and does not currently intend to, update any such forward-looking statements after the date of this release.
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Source: Workday Inc.
