Workday People Analytics Delivers Automated Insights to Help Companies Better Optimize Workforces Amid Changing World

Machine Learning Powers Augmented Analytics; Reveals Hidden Insights and Identifies Opportunities to Help Companies Emerge from Crisis Stronger

PLEASANTON Calif., June 24, 2020 (GLOBE NEWSWIRE) -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced the availability of Workday People Analytics, a new augmented analytics application that identifies top risks and opportunities regarding an organization’s workforce and delivers these insights in easy-to-digest story form. These insights empower HR and business leaders to make better people decisions—faster—to shape business outcomes.

Workday customers—which include more than 65 percent of the Fortune 50—can use Workday People Analytics with Workday Human Capital Management (HCM) to maintain business continuity and solve challenges created by the pandemic. In addition to announcing availability of Workday People Analytics, Workday also announced two new solutions for Workday People Experience—a machine learning-driven employee experience—to further help organizations manage the complexities associated with our new world of work.  

Fueling Strategic People Decisions with Machine Learning
Workday People Analytics offers companies a deep and accessible understanding of the workforce, which is critical to success in today’s ever-changing business environment. Companies that base decisions on workforce insights can focus on emerging stronger from crisis because they’re better positioned to take informed action to effectively manage talent, such as hiring, re-skilling, and retention. And, as companies seek to build a truly inclusive and diverse workplace, insights and trends regarding workforce demographics and representation across gender identity, race, ethnicity, and generation will shape workforce decisions. 

While applying analytics to the workforce is increasingly viewed as a strategic advantage, for many companies the demand for talent insights often outstrips the capacity or maturity of people analytics teams. Workday People Analytics is like having an additional team of specialized digital analysts that do the difficult work of studying patterns throughout the workforce over time to find the “needles in the haystack.”

Augmented Analytics Drives Workforce Optimization
Workday People Analytics automates insight discovery for a broad range of workforce questions using technology called augmented analytics. Augmented analytics uses pattern detection to look for important changes a human might not see and graph processing to find connections across vast datasets. Machine learning algorithms then identify the most important shifts for each user, and natural language generation explains the metric and trends in a simple and actionable story.