AI technology was revealed at Workday Rising Vegas 2018, with the algorithms that Workday are developing will be available to customers in 2019
A major theme at Workday Rising Vegas was new capabilities for the vendor’s platform; machine learning and pattern recognition were top of the list. This is something for the Workday Rising Vienna attendees to look forward to next month.
The algorithms are designed to run automatic queries which will reduce the chance of human error and bring any changes to a Workday end users attention.
These capabilities aren’t revolutionary but it’s certainly a move in the right direction; the tech could be able to find irregular financial transactions saving companies money.
The driver behind these changes is not Workday developing AI technology but rather their acquisitions of companies such as Adaptive Insights who have provided Workday with the necessary algorithms.
Workday’s secret weapon is their numerous customers with easily available data on standardised data models, this data allows the algorithm to be trained to what Workday need them to do for their customers’ benefit.
Users will be able to see the data through a dashboard with many different categories, and the algorithms will highlight any unusual spikes and give the user information that they can act on straight away
You’ll be able to buy this technology in 2019 as a stand-alone product – Workday People Analytics.
This is an exciting time to be a part of Workday’s journey as they make another great (on the face of it) acquisition. I can only see Workday continuing to establish itself as the number one platform in the HCM space and maybe soon to be Financials. 2019 should give Workday a solid base with new capabilities such as their AI algorithms, providing the cloud platform’s customers a future-proof solution.