Workday introduces its new Elastic Hypercube Technology
Workday, an expert in enterprise cloud applications for finance and human resources, has introduced the next generation of its Elastic Hypercube Technology (EHT) to power Workday Adaptive Planning.
The intelligent modelling engine is designed to address the growing demands of organisations as they model more complex business scenarios, manage changing business needs, and expand planning to more users.
Workday says that today's economic uncertainty, market volatility, and heightened competitive landscape mean planning teams must analyse and report on massive datasets while accounting for many scenarios.
More dimensionality, the company says that new types of data and data sources, the emergence of artificial intelligence (AI) and machine learning (ML), and a growing number of stakeholders add even more complexity to the planning process, making it increasingly important that planning tools deliver ease of use, speed, and scale.
The next generation EHT in Workday Adaptive Planning is enhanced with new embedded AI and performance improvements designed to efficiently calculate complex models by adding memory and compute power as needed, resulting in dynamic, automatic scaling.
This new technology is created to support complex multi-dimensional planning requirements and high concurrent users without sacrificing speed or performance.
Boeing transformed its workforce planning with Workday Adaptive Planning. With all its workforce data in one system, Boeing says it was able to standardise processes and increase visibility into open job requisitions, driving cost savings and operational efficiency.
Jeremy McCann, Manager of Enterprise Workforce Planning, Boeing, says: "We transitioned from hundreds of manual spreadsheets in favor of a more flexible configuration on Workday Adaptive Planning, effectively eliminating our reliance on datasets that were disconnected from each other, which came with extra costs to administrate."
"With the latest EHT innovations, we now feel more confident that we have the processes and visibility required to build the right workforce to execute on our long-term business strategy."
Moreover, with Workday Adaptive Planning, Mondelēz International also states that it has been able to work more effectively and make faster, more strategic decisions about the future of its non-production workforce.
Marcel Sakr, Functional Lead, Performance, Rewards & Workforce Planning, Mondelēz International, says: "Planning is becoming more complex for large organisations, and with more than 90,000 employees across 82 countries, workforce planning at Mondelēz is no exception."
"With Workday Adaptive Planning, we're able to analyse 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," says Sakr.
With the next generation EHT, Workday says that the Adaptive Planning customers will experience optimised speed and performance, with reports, dashboards, and sheets designed to open quickly, without any performance degradation.
Embedded AI in EHT will anticipate and compute calculations based on past behaviours and inspect the overall model to identify empty data cells without analysis.
Furthermore, higher user concurrency support is also ensured. With increased scalability, more users can access the platform concurrently to accommodate the growing number of financial, human resources, and business users engaged with an organisation's planning process.
Faster import and export of large amounts of financial and non-financial data is also ensured for complete and accurate Models.
Dennis Yen, General Manager of Workday Adaptive Planning, Workday, says: "For many organisations, the ability to quickly model and understand implications of business decisions and disruptions is more important than ever before."
"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."