Workday Unveils Big Data Analytics for HR and Finance
PLEASANTON, CALIF - Nov 6, 2012 - Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for human resources and finance, today unveiled its plans for Workday Big Data Analytics. The new applications are expected to provide pre-packaged analytics that enable customers to combine Workday data with third-party data sources of any type, including big data, all delivered in the cloud. Tightly unified with the entire Workday suite of enterprise cloud applications, Workday Big Data Analytics will empower human resources and finance organizations to make more informed business decisions based on a holistic view of worker and financial information combined with any third-party data with limited reliance on IT.
Businesses face a significant challenge to manage and extract insights from all forms of data that are growing at an exponential rate inside and outside their organizations. Current industry solutions lack the critical cloud innovation and core capabilities they need to derive the insights from data and quickly put them into simple, easy-to-consume, and actionable dashboards and reports available to workers anytime, anywhere. Today’s business environment demands that teams across every organizational function have access to better information to make more informed business decisions.
Transforming the Way Organizations Gain Access to Insights
With Workday Big Data Analytics, customers will gain entirely new levels of insights into their organizations. The new pre-packaged analytics applications will enable Workday customers to combine Workday data with third-party data sources and deliver information in an easy-to-consume user interface. Workday Big Data Analytics incorporates Datameer’s Hadoop-driven analytics platform, which enables users to integrate, analyze, and visualize data of any type, size, or source. This, combined with Workday’s unified platform, is expected to give customers greater visibility and insight to take action within their organizations.
Workday Big Data Analytics is intended to deliver:
- A unified platform: Workday Big Data Analytics will be unified on the Workday platform to provide a single user experience for workers, a single security model, and a single source for workforce and financial insights. With a unified platform, all users can experience the same simple-to-use analytics– on a tablet, smartphone, or desktop – with Workday Big Data Analytics just as they do across Workday’s entire suite of applications.
- Pre-packaged applications: Workday Big Data Analytics is expected to come ready with pre-packaged analytics designed to answer pressing business questions, providing rapid time to value and enabling customers to easily configure the applications to their specific requirements without any additional coding necessary.
- Simplified for business user empowerment: Designed for the business analyst, Workday Big Data Analytics wil do away with the rigid ETL process, allowing business analysts to explore the raw data to determine what is relevant for their analysis. The spreadsheet-like interface will empower analysts to change data sources and modify calculations, and any user can adapt the look and feel of the reports with little involvement from IT.
- Lower total cost of ownership: Not only do customers gain all the benefits of cloud applications, Workday Big Data Analytics’ single, unified platform is designed to decrease the need for IT resources because there is no separate software and hardware to buy and manage.
Workday Big Data Analytics is scheduled to be generally available to Workday customers in the second half of 2013 as an add-on application, sold separately.
Comments on the News
"We are combining Workday data and any type of third-party data into our unified platform to create the analytics and dashboards in the intuitive Workday user experience our customers have come to expect," said Aneel Bhusri, chairman, co-founder, and chief executive officer, Workday. "With Workday Big Data Analytics we are re-thinking how insights that lead to better decisions should be delivered to businesses."
Workday is a leading provider of enterprise cloud applications for human resources and finance. Founded in 2005, Workday delivers Human Capital Management, Financial Management designed for the world’s largest organizations. Hundreds of companies, ranging from medium-sized businesses to Fortune 50 enterprises, have selected Workday.
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