The Josh Bersin Company
Why I’m Bullish On Workday: News From The Innovation Summit
Apr 19, 2024
Discover the exciting changes brewing at Workday as it celebrates its 19th anniversary! The company is shifting gears, embracing AI and an integrated business model. Topics range from advancements in recruiting technology to the role of chatbots in HR tech. With the labor market evolving, there's a focus on readiness for new challenges. Uncover how proactive management is driving strategic growth and innovative solutions in human capital management and financial services.
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Quick takeaways
- Workday is transforming to an open platform approach, allowing for greater flexibility and adaptability through collaboration with independent software vendors.
- The integration of AI technologies into Workday's system aims to improve user experience and streamline complex workflows across various enterprise applications.
Deep dives
Transformation in Company Philosophy
Workday is undergoing a significant transformation in its operational philosophy under the leadership of new CEO Carl Eschenbach. Historically, the company marketed itself as a product-led organization, emphasizing its architectural advantages and proprietary integrated system. However, this closed architecture has become a limitation, making it challenging for customers to adapt the system to their unique needs. To address this, Workday is shifting towards an open platform approach, partnering with independent software vendors and encouraging developers to create additional modules, thereby enhancing the flexibility and adaptability of its offerings.
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