Workday Unveils Cutting-Edge Elastic Hypercube Technology for Advancing Workday Adaptive Planning

Workday, a pioneer in enterprise cloud applications for finance and human resources, has unveiled the latest iteration of its groundbreaking Elastic Hypercube Technology (EHT), a patented intelligent modeling engine that drives Workday Adaptive Planning. This advancement addresses the escalating demands placed on organizations as they grapple with more intricate business scenarios, dynamic business needs, and the expansion of planning across a wider user base. In today's environment of economic unpredictability, market volatility, and heightened competition, planning teams are tasked with analyzing and reporting on vast datasets while accommodating numerous scenarios.

The proliferation of dimensions, novel data types and sources, the rise of artificial intelligence (AI) and machine learning (ML), and a growing array of stakeholders amplify the intricacy of the planning process. Therefore, planning tools must deliver ease of use, rapidity, and scalability.The new generation of EHT within Workday Adaptive Planning incorporates embedded AI and performance enhancements, facilitating the efficient computation of intricate models by dynamically adding memory and compute power as required. This innovation has been designed to support the most complex multi-dimensional planning needs and accommodate a high volume of concurrent users, all without compromising speed or performance.

Enhancing Power and Scale While Retaining Flexibility and User-Friendliness

Boeing has leveraged Workday Adaptive Planning to revolutionize its workforce planning process, transitioning from siloed methodologies to a flexible, consistent, and scalable solution. Centralizing workforce data within a single system enabled Boeing to standardize processes, enhance visibility into open job requisitions, and drive cost savings and operational efficiency.Jeremy McCann, Manager of Enterprise Workforce Planning at Boeing, commented, "By transitioning from numerous manual spreadsheets to a more flexible configuration on Workday Adaptive Planning, we've eliminated our reliance on disconnected datasets, which were administratively burdensome.

With the latest EHT advancements, we are now more confident in our processes and visibility, enabling us to build the optimal workforce for executing our long-term business strategy."Mondelēz International, through Workday Adaptive Planning, has achieved enhanced effectiveness and expedited decision-making concerning its non-production workforce.Marcel Sakr, Functional Lead for Performance, Rewards & Workforce Planning at Mondelēz International, stated, "Large organizations are grappling with increasingly complex planning requirements, and with over 90,000 employees across 82 countries,

Mondelēz's workforce planning is no exception. Workday Adaptive Planning empowers us to analyze substantial data volumes with multiple dimensions, producing detailed reports in seconds rather than minutes. The next generation EHT has provided us with visibility down to the employee level, simplifying monthly plan-to-actuals variance analysis and streamlining decision-making.

Enhancing Performance, Speed, and Scale to Address Complex Inquiries Efficiently

With the new EHT generation, customers of Workday Adaptive Planning can anticipate:

Optimized Speed and Performance:

Rapid access to reports, dashboards, and sheets, even when dealing with extensive, multi-dimensional views. Embedded AI within EHT anticipates and computes calculations based on historical behavior and assesses the overall model to identify redundant data cells, optimizing analysis efficiency.

Increased User Concurrency Support:

Enhanced scalability provides greater access to the platform concurrently, catering to the expanding number of financial, human resources, and business users engaged in an organization's planning process.

Accelerated Data Integration:

Streamlined import and export of substantial financial and non-financial data, resulting in comprehensive and precise models.

Empowering Proactive Planning and Continuous Adaptation

Dennis Yen, General Manager of Workday Adaptive Planning at Workday, emphasized the significance of swift modeling and understanding of business implications, especially in today's context. He stated, "Our ongoing EHT innovations, coupled with existing AI and ML functionality, enable Workday Adaptive Planning to assist over 6,000 companies in proactively planning for their futures. This entails providing continuous planning, organization-wide planning, deeper insights, and the capacity to adapt and excel on a larger scale.

Availability

The next generation of EHT is now available to all Workday Adaptive Planning customers.

About Us

The Business Scan News That Matters To Lead The Future | The Business Scan is a technology-focused magazine that features the world's best global news on innovation, investment, leadership, startup, entrepreneurship, ideas, events, education, projects, employment, business opportunities as an official media partner of entrepreneurship cell IIT, Kharagpur India. Top leaders are only invited by The Business Scan Magazine for getting subscription and cutting-edge branding solutions tailored to their needs. For corporate leaders, we offer exclusive branding, PR, insights, market intelligence, empowering growth and success. Educational institutions like IIT Kharagpur benefit from institutional promotion and student-focused campus event media partnership. Startups gain brand identity, investor funding and product launch support. Government policymakers rely on us for data-driven decisions & public sector innovation. Charitable organizations trust our social cause advocacy and impactful community outreach. Our commitment to excellence and empowering professionals, businesses and institutions sets us apart. Some of the innovative products promoted include Daedalus Mark 1 (world's fastest flying jet suit), PAL-V (world's best flying car), StadiaPitch (world's 1st automated pitch change over the system for the stadium) to name a few. If you want to get featured and noticed worldwide for having a great organization, product or service then contact to start, grow, and lead your brand faster today. Join us on this transformative journey to shape a prosperous future together. For more information, head over to our web pages at http://www.thebusinessscan.com

Forward-Looking Statements

This press release contains forward-looking statements regarding Workday's plans, beliefs, and expectations. These statements are based on currently available information and Workday's current beliefs, expectations, and assumptions. As forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances. These risks include those described in Workday's filings with the Securities and Exchange Commission ("SEC"), including the Form 10-Q for the fiscal quarter ended April 30, 2023, and other reports filed with the SEC.

If these risks materialize, assumptions prove incorrect, or unexpected changes in circumstances occur, actual results could differ materially from the results implied by these forward-looking statements. The Business Scan Magazine team assumes no obligation to update forward-looking statements after the date of this release.

Unreleased Services

Any unreleased services, features, or functions mentioned in this document, the website, or other press releases or statements may be subject to change at Workday's discretion and may not be delivered as planned or at all. Customers considering Workday services should make purchase decisions based on currently available services, features, and functions.

For more information please visit https://www.workday.com/