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Workday People Analytics Delivers Automated Insights to Help Companies Better Optimize Workforces Amid Changing WorldPLEASANTON Calif., June 24, 2020 (GLOBE NEWSWIRE) -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced the availability of Workday People Analytics, a new augmented analytics application that identifies top risks and opportunities regarding an organization’s workforce and delivers these insights in easy-to-digest story form. These insights empower HR and business leaders to make better people decisions—faster—to shape business outcomes. Workday customers—which include more than 65 percent of the Fortune 50—can use Workday People Analytics with Workday Human Capital Management (HCM) to maintain business continuity and solve challenges created by the pandemic. In addition to announcing availability of Workday People Analytics, Workday also announced two new solutions for Workday People Experience—a machine learning-driven employee experience—to further help organizations manage the complexities associated with our new world of work. Fueling Strategic People Decisions with Machine Learning While applying analytics to the workforce is increasingly viewed as a strategic advantage, for many companies the demand for talent insights often outstrips the capacity or maturity of people analytics teams. Workday People Analytics is like having an additional team of specialized digital analysts that do the difficult work of studying patterns throughout the workforce over time to find the “needles in the haystack.” Augmented Analytics Drives Workforce Optimization Workday People Analytics automatically surfaces insights across five critical focus areas, empowering HR and business leaders to better understand and confidently optimize their workforce:
“Now, more than ever, companies need to understand their workforce—who they’ve got, what’s working, what’s not, and where there’s opportunity to improve,” said Pete Schlampp, executive vice president, product development, Workday. “The crisis is forcing workforces to rapidly shift and companies need easily understood talent insights to help them quickly respond, so they can emerge stronger and continually build more optimal, diverse, and productive workforces.” “Workforce analytics is a strategic area of investment for HR leaders today,” said Erin Vincent, global HRIS director, Sonoco. “Workday People Analytics accelerates our efforts by uncovering issues we haven’t previously looked for and makes insights available with very little work on our part. With these insights, our HR business partners and business leaders can focus their attention on actions that matter most.” “Today’s business environment is evolving faster than ever before, underscoring the need for organizations to have a deep understanding and clear insights into the challenges that stand in their way,” said Pat Russo, principal and Workday Analytics Leader, Deloitte Consulting LLP. “Workday People Analytics, with enhanced machine learning and augmented analytics capabilities, provides the key to unlocking automated insights so our clients can make informed decisions and effectively respond to the needs of their organization. Together the combined experience of Deloitte’s strategy, implementation, and managed services with Workday’s platform will empower our clients to unlock the full potential of their workforce and prepare for whatever lies ahead.” “As a Workday alliance partner, Accenture has been an early innovator and implementer of analytics solutions for our clients. Accenture has helped empower many organizations to unlock valuable insights and drive intelligent business decisions with Workday,” said Gloria Samuels, senior managing director and Workday Business Lead at Accenture. “Now, with the availability of Workday People Analytics, we can help our clients access insightful metrics and trends about their workforce, further increasing the value of the Workday platform.” Additional Information
About Workday Forward-Looking Statements 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,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “seek,” “plan,” “project,” 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 fiscal quarter ended April 30, 2020 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. 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, Inc. services should make their purchase decisions based upon services, features, and functions that are currently available. © 2020 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. News Contact: Diane Orr Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/45718885-d70f-4960-b3e7-145abda4d9b7 https://www.globenewswire.com/NewsRoom/AttachmentNg/0531d9c0-4137-46df-95a2-a5c5d331f2d8 |