Google Cloud Expands Partnership with Workday to Enhance App Development With Generative AI

Rhea-AI Summary

Google Cloud and Workday have announced an expanded partnership aimed at enhancing app development through generative AI. Workday will incorporate Google's Gemini models and Vertex AI into its Extend platform, allowing developers to leverage AI for code generation, troubleshooting, and natural language processing. This will enable quicker and more efficient app deployment, optimizing business performance and generating better insights. Additionally, Workday solutions are now available on Google Cloud Marketplace, simplifying the purchasing and deployment process for customers. This collaboration aims to expedite transaction processes and provide sophisticated AI tools to thousands of developers.

Positive

• Workday's use of Google's Gemini models and Vertex AI enhances app development with AI-powered code generation and troubleshooting.
• Availability of Workday solutions on Google Cloud Marketplace simplifies the purchasing and deployment process, potentially reducing costs and procurement cycles.
• The partnership aims to optimize business performance and generate powerful business insights for Workday customers.
• Integration with Vertex AI provides sophisticated reasoning and natural language processing capabilities for Workday Extend developers.
• Combination of Google Cloud's Document AI with Workday Extend allows for efficient information extraction from external documents.

Negative

• No direct financial details or projections were provided, leaving the financial impact of the partnership ambiguous.
• The benefits described are largely theoretical and dependent on successful implementation and adoption by customers.
• The announcement lacks specific timelines for when these new capabilities will be fully available to all customers.

Insights

Financial Analyst

The expanded partnership between Google Cloud and Workday has the potential to create significant value for both companies. By integrating generative AI capabilities like Gemini models and Vertex AI, Workday can enhance its app development platform, Workday Extend. This enhancement will likely attract more developers to use Workday tools, thereby increasing its customer base.

Additionally, the inclusion of Workday solutions on the Google Cloud Marketplace simplifies the procurement process, which is advantageous for both existing and new customers. This strategic move could lead to an increase in Workday's sales and a greater market share.

However, the financial impact on Workday will depend on how well these new capabilities are adopted by existing and potential clients. While the market could respond positively to the news, the real financial benefits will be seen in the coming quarters as the adoption rate becomes clearer. Investors should keep an eye on Workday's quarterly earnings reports to see if this partnership translates into tangible revenue growth.

Tech Expert

The incorporation of Gemini models and Vertex AI into Workday Extend represents a substantial technological advancement. Gemini's capabilities in reasoning, code generation and natural language processing are set to enhance developers' efficiency substantially.

This integration will likely lead to quicker development cycles and improved app quality, addressing fast-changing business needs more effectively. This could set a new standard for app development within the enterprise software sector. Additionally, the use of Document AI for information retrieval from external documents could streamline various business processes, making Workday's platform more attractive to large enterprises.

However, it is essential to monitor the actual deployment and user feedback over time to see if the technology lives up to its promise. There's always a risk of over-promising and under-delivering, especially with cutting-edge technologies like generative AI.

Workday will use Gemini Models and Vertex AI to support software development; Workday solutions are also now available on Google Cloud Marketplace

SUNNYVALE, Calif., June 3, 2024 /PRNewswire/ -- Google Cloud today announced an expanded partnership with Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions that help organizations manage their people and money, that will bring new generative AI capabilities to enhance how customers build and manage apps on Workday. Through the partnership, Workday will use Gemini models and Vertex AI to enable gen AI capabilities within Workday Extend, helping customers optimize business performance, generate powerful business insights, and expedite transaction and closing processes. 

The two companies also announced that Workday solutions are now available on Google Cloud Marketplace, making it even easier for Google Cloud customers and new Workday customers to purchase and deploy Workday solutions on Google Cloud's global, trusted infrastructure.

Accelerating Intelligent App Development in Workday Extend with Gemini

Workday has integrated with Vertex AI to bring Gemini's sophisticated reasoning, code generation, and natural language processing capabilities to developers building apps in Workday Extend. These tools will provide developers with AI-powered code generation, troubleshooting, and information retrieval to increase the quality and speed of deploying apps on top of the Workday platform.

For example, customers can now use Google's gen AI tools within Workday Extend to rapidly develop new purchase requisition workflows or new-hire onboarding experiences, enabling them to efficiently address fast-changing fast-changing business needs. Additionally, combining Google Cloud's Document AI with Workday Extend allows customers to use natural language chat to query, analyze, and extract information from external documents.

"Thousands of developers use Workday Extend to innovate on the Workday platform and to rapidly build apps that help organizations adapt to fast changing needs," said Shane Luke, Vice President of Product and Engineering and Head of AI and ML at Workday. "With the expanded partnership, Workday users will be able to leverage sophisticated Gemini AI models to continue to accelerate innovation."

"Enterprises depend on Workday to manage millions of documents and power critical finance and HR functions," said Stephen Orban, VP of Migrations, ISVs, and Marketplace at Google Cloud. "Google Cloud's generative AI can help these organizations more efficiently search, analyze, and retrieve information from the Workday platform, including code generation that expedites the development of new applications."

Workday Now Available on Google Cloud Marketplace

Workday solutions are now available on Google Cloud Marketplace, enabling Google Cloud and new Workday customers to reduce procurement cycles through a quicker and simpler buying process, including consolidated Google Cloud billing. Purchasing through Google Cloud Marketplace also provides customers with more options to bill against existing Google Cloud commitments, which can help to reduce costs.         

About Google Cloud
Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated, and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner. 

 

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SOURCE Google Cloud

FAQ

What did Google Cloud and Workday announce in June 2024?

Google Cloud and Workday announced an expanded partnership to enhance app development with generative AI capabilities.

What new tools will Workday use for app development?

Workday will use Google's Gemini models and Vertex AI for code generation, troubleshooting, and natural language processing.

How will customers benefit from the Google Cloud and Workday partnership?

Customers will benefit from optimized business performance, better insights, and expedited transaction and closing processes.

Are Workday solutions available on any new platforms?

Yes, Workday solutions are now available on Google Cloud Marketplace, simplifying the purchasing and deployment process.

What specific capabilities does the partnership bring to Workday Extend?

The partnership brings AI-powered code generation, troubleshooting, information retrieval, and natural language chat for querying and analyzing documents.