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Announcing Workday Illuminate™: The Next Generation of Workday AI

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Workday, Inc. (NASDAQ: WDAY) has announced Workday Illuminate™, its next-generation AI solution. Built on the world's largest HR and finance dataset, Illuminate aims to accelerate manual tasks, assist employees, and transform business processes. Key features include:

1. Generative AI for content creation and task streamlining
2. Real-time AI assistance with Workday Assistant
3. AI orchestration for business process transformation
4. Integration with partner AI innovations through Workday AI Gateway

Illuminate processes over 800 billion business transactions annually, offering context-aware insights for precise decision-making. The platform is designed to drive productivity gains and cost savings while allowing employees to focus on strategic work.

Workday, Inc. (NASDAQ: WDAY) ha annunciato Workday Illuminate™, la sua soluzione AI di nuova generazione. Costruita sul più grande dataset di HR e finanza al mondo, Illuminate mira ad accelerare i compiti manuali, assistere i dipendenti e trasformare i processi aziendali. Le caratteristiche principali includono:

1. AI generativa per la creazione di contenuti e la semplificazione delle attività
2. Assistenza AI in tempo reale con Workday Assistant
3. Orchestrazione AI per la trasformazione dei processi aziendali
4. Integrazione con le innovazioni AI dei partner tramite Workday AI Gateway

Illuminate gestisce oltre 800 miliardi di transazioni commerciali all'anno, offrendo intuizioni contestuali per decisioni precise. La piattaforma è progettata per aumentare la produttività e ridurre i costi, consentendo ai dipendenti di concentrarsi su lavori strategici.

Workday, Inc. (NASDAQ: WDAY) ha anunciado Workday Illuminate™, su solución de IA de próxima generación. Construida sobre el conjunto de datos más grande del mundo en recursos humanos y finanzas, Illuminate tiene como objetivo acelerar las tareas manuales, ayudar a los empleados y transformar los procesos empresariales. Las características clave incluyen:

1. IA generativa para la creación de contenido y la agilización de tareas
2. Asistencia de IA en tiempo real con Workday Assistant
3. Orquestación de IA para la transformación de procesos empresariales
4. Integración con innovaciones de IA de socios a través de Workday AI Gateway

Illuminate procesa más de 800 mil millones de transacciones comerciales anualmente, ofreciendo información contextual para una toma de decisiones precisa. La plataforma está diseñada para impulsar aumentos de productividad y ahorros de costos, permitiendo que los empleados se centren en el trabajo estratégico.

워크데이, Inc. (NASDAQ: WDAY)는 차세대 AI 솔루션 워크데이 일루미네이트™를 발표했습니다. 세계 최대의 HR 및 재무 데이터 세트를 기반으로 구축된 일루미네이트는 수작업 작업을 가속화하고, 직원들을 지원하며, 비즈니스 프로세스를 혁신하는 것을 목표로 합니다. 주요 기능은 다음과 같습니다:

1. 콘텐츠 생성 및 작업 간소화를 위한 생성적 AI
2. 워크데이 어시스턴트를 통한 실시간 AI 지원
3. 비즈니스 프로세스 혁신을 위한 AI 오케스트레이션
4. 워크데이 AI 게이트웨이를 통한 파트너 AI 혁신과의 통합

일루미네이트는 매년 8000억 건 이상의 비즈니스 거래를 처리하며, 정확한 의사 결정을 위한 맥락 인식 통찰력을 제공합니다. 이 플랫폼은 생산성 향상과 비용 절감을 촉진하며, 직원들이 전략적인 작업에 집중할 수 있도록 설계되었습니다.

Workday, Inc. (NASDAQ: WDAY) a annoncé Workday Illuminate™, sa solution d'IA de nouvelle génération. Basée sur le plus grand ensemble de données RH et financières au monde, Illuminate vise à accélérer les tâches manuelles, aider les employés et transformer les processus commerciaux. Les fonctionnalités clés incluent :

1. IA générative pour la création de contenu et la simplification des tâches
2. Assistance IA en temps réel avec Workday Assistant
3. Orchestration IA pour la transformation des processus commerciaux
4. Intégration avec les innovations IA des partenaires via Workday AI Gateway

Illuminate traite plus de 800 milliards de transactions commerciales par an, offrant des informations contextuelles pour une prise de décision précise. La plateforme est conçue pour stimuler les gains de productivité et les économies de coûts tout en permettant aux employés de se concentrer sur des travaux stratégiques.

Workday, Inc. (NASDAQ: WDAY) hat Workday Illuminate™ angekündigt, seine KI-Lösung der nächsten Generation. Basierend auf dem größten HR- und Finanzdatensatz der Welt, zielt Illuminate darauf ab, manuelle Aufgaben zu beschleunigen, Mitarbeiter zu unterstützen und Geschäftsprozesse zu transformieren. Zu den Hauptmerkmalen gehören:

1. Generative KI zur Inhaltserstellung und Aufgabenoptimierung
2. Echtzeit-KI-Unterstützung mit Workday Assistant
3. KI-Orchestrierung zur Transformation von Geschäftsprozessen
4. Integration mit Partner-KI-Innovationen über das Workday AI Gateway

Illuminate verarbeitet jährlich über 800 Milliarden Geschäfts-transaktionen und bietet kontextbezogene Einblicke für präzise Entscheidungen. Die Plattform wurde entwickelt, um Produktivitätsgewinne und Kosteneinsparungen zu erzielen, während die Mitarbeiter sich auf strategische Arbeiten konzentrieren können.

Positive
  • Workday Illuminate leverages the world's largest HR and finance dataset for AI-driven insights
  • The platform processes over 800 billion business transactions annually
  • Illuminate offers generative AI capabilities for content creation and task automation
  • Introduction of Workday Assistant for real-time AI assistance in HR and finance tasks
  • AI orchestration feature to streamline and transform entire business processes
  • Integration with partner AI innovations through Workday AI Gateway
Negative
  • None.

Insights

Workday's Illuminate marks a significant leap in enterprise AI, leveraging a vast HR and finance dataset to enhance decision-making and productivity. The platform's ability to understand context alongside data is a game-changer, potentially leading to more accurate and personalized business insights.

The introduction of AI agents and cross-platform orchestration could revolutionize workflow efficiency, addressing the common challenge of integrating disparate AI systems. However, the real test will be in the implementation and adoption by enterprises, as well as how effectively Workday can address potential privacy and data security concerns inherent in AI systems handling sensitive HR and financial data.

Workday's Illuminate launch could significantly impact its market position and financial performance. By leveraging AI across its platform, Workday is positioning itself as an innovation leader in the enterprise software space. This move may lead to increased customer retention and attraction of new clients, potentially boosting revenue growth.

The AI-driven efficiency gains promised by Illuminate could translate to cost savings for clients, enhancing Workday's value proposition. However, investors should monitor the costs associated with AI development and implementation, as well as any potential regulatory challenges that may arise from handling sensitive data with AI. The success of Illuminate will likely be a key factor in Workday's future financial performance and stock valuation.

Illuminate Harnesses the Power of the World's Largest HR and Finance Dataset to Drive Enterprise Transformation With AI

Experience the Future of Work at Workday Rising 2024

LAS VEGAS, Sept. 17, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced Illuminate, the next generation of Workday AI. Built on the world's largest and cleanest HR and finance dataset, Illuminate accelerates manual tasks, assists every employee, and ultimately transforms entire business processes. 

AI That Taps Into the Combined Power of HR and Finance Data and Context
Illuminate models are fueled by the more than 800 billion business transactions processed by the Workday platform annually. But the data alone doesn't tell the full story. Illuminate understands not only the data but also the context—the "why" or "how" behind every HR and financial process, such as how processes are connected, the people and roles involved, and the current task at hand – along with previous conversational AI interactions. With this powerful combination of data and context, Illuminate enables precise decision-making, anticipates employee needs, and delivers personalized experiences like never before.

"The business world is in the midst of a tectonic shift, excited about the immense potential of AI while also struggling to implement it in a way that drives meaningful results," said Carl Eschenbach, CEO, Workday. "By placing tangible business value, responsible innovation, and user-centric design at the forefront, Workday Illuminate empowers businesses to harness AI's full potential to drive unprecedented productivity and move forever forward."

Illuminate: Transforming the Way People Work
Illuminate works across the Workday platform, delivering powerful insights for precise decision making and streamlined actions. Illuminate will help organizations drive exponential productivity gains and significant cost savings in the following ways:

  • Accelerating common tasks with generative AI. Illuminate leverages generative AI to expedite content creation and summarization for things like job descriptions, talent highlights, messages, knowledge articles, contracts, and more. Additionally, it offers insights and automation tools, including anomaly detection, auto-filling, prompting, and document scanning to further streamline tasks.
  • Delivering real-time AI assistance in the flow of work. Illuminate reduces friction and helps employees prioritize critical work. The new Workday Assistant facilitates seamless, intuitive assistance across routine HR and finance tasks, providing real-time guidance through complex processes to allow employees to focus on more strategic work.
  • Transforming entire business processes with AI orchestration: Illuminate anticipates and streamlines common business processes to transform the way work gets done. It will provide every user with a "team" of business process experts, or agents, that can operate with and on behalf of the user. Illuminate will also conduct end-to-end business process orchestration, coordinating multiple agents and managing complex cross-platform processes.

Illuminate elevates people by enabling them to focus on the work that matters and do the things that are uniquely human – from spending more time with customers, constituents, or patients to pursuing more creative and meaningful work to building critical peer, team, and stakeholder relationships.

Workday Ecosystem Extends the Power of Illuminate
Illuminate also lets customers use AI innovations from Workday's partners, or developed through Workday AI Gateway, and orchestrates processes across all of them on the same platform. This allows customers to leverage their existing AI investments and extend the power of Illuminate, driving even greater value and innovation across their organizations.

"The rapid adoption of AI across enterprises has created a complex web of models, data pipelines, and infrastructure," said Bob Evans of Cloud Wars. "For businesses that want to effectively manage, scale, and govern their AI initiatives – ensuring they deliver real value while also mitigating risk – it's absolutely essential to get all of those AI components working together to complete more complex cross-functional tasks. Workday Illuminate will provide that cross-platform AI orchestration that businesses will need to be successful in this age of AI."

Availability
Workday Illuminate is available to customers now, and will continue to evolve as part of Workday's robust three year AI roadmap.

For More Information

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 plans, beliefs, and expectations. 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 inherent 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, risks described 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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/announcing-workday-illuminate-the-next-generation-of-workday-ai-302249986.html

SOURCE Workday Inc.

FAQ

What is Workday Illuminate and when was it announced?

Workday Illuminate is Workday's next-generation AI solution, announced on September 17, 2024. It's designed to accelerate manual tasks, assist employees, and transform business processes using AI powered by Workday's extensive HR and finance dataset.

How many business transactions does Workday Illuminate process annually?

Workday Illuminate processes over 800 billion business transactions annually, providing a vast dataset for AI-driven insights and decision-making.

What are the key features of Workday Illuminate (WDAY)?

Key features of Workday Illuminate include generative AI for content creation, real-time AI assistance with Workday Assistant, AI orchestration for business process transformation, and integration with partner AI innovations through Workday AI Gateway.

When will Workday Illuminate (WDAY) be available to customers?

Workday Illuminate is available to customers now, with ongoing evolution planned as part of Workday's three-year AI roadmap.

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