The human arsenal doesn’t quite know any boundaries, and yet it hasn’t seen an element more significant than that desire of ours to improve at a consistent pace. We say this because the stated desire has already fetched the world some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is purposed around its skill-set, which was unprecedented enough to realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centerpiece of every horizon. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, this prodigious concept called technology will somehow keep on delivering the goods. The same has grown to become a lot more evident in recent times, and assuming one HRM-themed development shakes out just like we envision, it will only propel that trend towards greater heights over the near future and beyond.
Workday Inc., a leader in enterprise cloud applications for finance and human resources, has officially confirmed the release of its patented Elastic Hypercube Technology (EHT), which is conceived to support the company’s Workday Adaptive Planning solution. To understand the significance of this development, we must start by acknowledging how modern businesses are constantly asked to function within a heightened competitive landscape, a demand that makes meticulous planning almost indispensible. While these businesses do have a major advantage in terms of how much data they can access to facilitate their planning, new types of data and data sources, the emergence of artificial intelligence (AI) and machine learning (ML), and a growing number of stakeholders have somewhat turned that upside into a complication. Fortunately, Workday’s EHT is now at your rescue. But how does it deliver on this promised value proposition? For starters, it provides you a mix of reports, dashboards, and sheets that can be accessed quickly, and this also applies for very large, multi-dimensional views. Next up, we dig into EHT’s AI factor, which should help the technology in anticipating and seamlessly computing calculations based on past behaviors. Moving on, the solution also comes decked up with an improved user concurrency framework. This means more people across an organization can use the platform at the same time, thus establishing a much better brand of coordination among all parties. Interestingly, Workday’s EHT even has the means to accelerate the import or export of vast financial and non-financial data. Such a feature can unsurprisingly play a pivotal role when it comes to generating accurate models.
“For many organizations, the ability to quickly model and understand implications of business decisions and disruptions is more important than ever before,” said Dennis Yen, general manager of Workday Adaptive Planning at Workday. “With our continued EHT innovations – including adding to the solution’s existing AI and ML functionality – Workday Adaptive Planning is helping more than 6,000 companies take control and plan proactively for their futures by providing continuous planning, company-wide planning, deeper insights, and the ability to adapt and perform at scale.”
The new development starts to look much better once you place it alongside Workday Adaptive Planning solution’s glorious track record so far. For instance, the product has already empowered a giant like Boeing to standardize its company-wide procedures and increase visibility into open job requisitions, driving cost savings and operational efficiency. Apart from that, it has also got another industry leader in Mondelēz International to work more effectively and make better strategic decisions about the future of its non-production workforce.
“Planning is becoming more complex for large organizations, and with more than 90,000 employees across 82 countries, workforce planning at Mondelēz is no exception,” said Marcel Sakr, functional lead of performance, rewards & workforce planning at Mondelēz International. “With Workday Adaptive Planning, we’re able to analyze high volumes of data with multiple dimensions and pull detailed reports in seconds versus minutes. The next generation EHT has helped us gain employee-level visibility and simplify our monthly plan-to-actuals variance analysis, saving time and driving faster analysis decision-making.”
