Company Showcases New AI Services for Workday
Extend and Launches Workday AI Marketplace at Annual Developer
Conference
LAS
VEGAS, June 3, 2024 /PRNewswire/ -- Workday,
Inc. (NASDAQ: WDAY), a leading provider of solutions to help
organizations manage their people and money, today announced new AI
innovations to make it easier than ever for developers and partners
to build intelligent solutions on the Workday platform – and for
customers to discover and benefit from those solutions. This
includes AI updates to the company's developer platform, Workday
Extend, and the general availability of Workday AI Marketplace,
giving customers access to the best AI solutions from Workday and
its partners in one centralized place.
These innovations are being showcased at Workday DevCon 2024,
the company's fourth annual developer conference with more than
1,200 attendees. The Workday developer ecosystem and Workday DevCon
have both grown by more than 50% since last year.
"We are leading the enterprise AI revolution, and we're doing
that not only by innovating at Workday – but by enabling AI
innovation for our customers and partners as well," said
Matt Grippo, senior vice president,
core software, Workday. "With these new offerings, we are unlocking
more possibilities for organizations to drive business efficiency
and realize greater value from the Workday platform and
ecosystem."
Propelling Intelligent App Development with Workday AI
Gateway
Workday unveiled several new AI services via
Workday AI Gateway, which gives developers access to the power
of Workday AI to build intelligent apps with Workday Extend. Along
with enhancements to existing skills analysis and document
intelligence services, planned new AI services include:
- Intelligent Answers. Leverages generative AI to enable
users to get answers on existing documents or multiple files (e.g.
an employee handbook, expense policy, travel rules, PTO, sabbatical
policies) by querying them using natural language.
- HCM Recommender. Applies machine learning to worker
profile data and job requisition data to recommend similar workers
based on user-defined attributes, helping managers create new
connections and opportunities for their team's career growth and
development.
- Data Query. Leverages generative AI to simplify the data
query process in Workday by enabling a user to create a data query
in natural language.
Workday AI Marketplace: Unifying Trusted AI Innovation from
Workday and Partners
Workday also announced the general
availability of Workday AI Marketplace, giving Workday customers
access to the best AI solutions from Workday and its partners,
together in one place.
There are currently more than 15 AI partner solutions available
in Workday AI Marketplace, making it easier than ever for Workday
customers to leverage the power of AI to streamline business
processes and enhance decision-making. Customers can choose from
trusted AI solutions to help them address business challenges in
areas such as accounting, contracts, fraud detection,
recruiting, skills transformation, and more – saving valuable time
and resources.
"While AI is making it possible to innovate and deliver customer
value faster, it's increasingly difficult to assess the quality and
trustworthiness of the myriad AI solutions in the market," said
Damien Taylor, chief technology
officer, Workday practice, Kainos. "Workday AI Marketplace makes it
easy for our joint customers to find responsible AI solutions that
extend the value of the Workday platform and gives partners a
launch pad to co-innovate and showcase our best AI solutions that
are responsible by design."
Putting Generative AI to Work at Workday DevCon
At
Workday DevCon, developers will participate in a 24-hour hackathon
to experiment with the new AI services as part of Workday AI
Gateway and use Workday Extend Developer Copilot, the human-machine
teaming capability in the Workday Extend Developer Site that
leverages generative AI, to support the development lifecycle.
Workday Extend Developer Copilot is natively embedded into App
Builder – Workday's no/low-code web-based developer toolset – to
provide more rapid developer learning through natural language
search and chat, and text-to-code generation capabilities designed
to improve developer productivity and customer time-to-value by
turning natural language into app code.
Availability
Workday AI Gateway is available with
Workday Extend Professional. Intelligent Answers, HCM Recommender,
and Data Query are planned to be made available to early adopter
customers this month. Workday Extend Developer Copilot is planned
to be available to early adopter customers beginning next
month.
For More Information
- Register to attend Workday DevCon 2024 in the digital
program.
- Read the blog, "Unleashing the Power of Innovation With Public
Cloud."
About Workday
Workday is a leading enterprise
platform that helps organizations manage their most important
assets – their people and money. The Workday platform is built
with AI at the core to help customers elevate people, supercharge
work, and move their business forever forward. Workday is used by
more than 10,500 organizations around the world and across
industries – from medium-sized businesses to more than 60% of the
Fortune 500. For more information about Workday, visit
workday.com.
© 2024 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 full-year and second quarter fiscal
2025 subscription revenue and non-GAAP operating margin, growth,
demand, strategy, and investments. 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 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: (i) breaches in our security measures or those of our
third-party providers, unauthorized access to our customers' or
other users' personal data, or disruptions in our data center or
computing infrastructure operations; (ii) service outages, delays
in the deployment of our applications, and the failure of our
applications to perform properly; (iii) privacy concerns and
evolving domestic or foreign laws and regulations; (iv) the impact
of continuing global economic and geopolitical volatility on our
business, as well as on our customers, prospects, partners, and
service providers; (v) any loss of key employees or the inability
to attract, train, and retain highly skilled employees; (vi)
competitive factors, including pricing pressures, industry
consolidation, entry of new competitors and new applications,
advancements in technology, and marketing initiatives by our
competitors; (vii) our reliance on our network of partners to drive
additional growth of our revenues; (viii) the regulatory, economic,
and political risks associated with our domestic and international
operations; (ix) adoption of our applications and services by
customers and individuals, including any new features,
enhancements, and modifications, as well as our customers' and
users' satisfaction with the deployment, training, and support
services they receive; (x) the regulatory risks related to new and
evolving technologies such as AI and our ability to realize a
return on our development efforts; (xi) our ability to realize the
expected business or financial benefits of any acquisitions of or
investments in companies, (xii) delays or reductions in information
technology spending; and (xiii) changes in sales, which may not be
immediately reflected in our results due to our subscription model.
Further information on these and additional risks that could affect
Workday's results is included in our filings with the Securities
and Exchange Commission ("SEC"), including our most recent report
on Form 10-Q or Form 10-K and other reports that we have filed 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, except
as required by law.
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.