Press release
Workday Introduces the Next-Generation Elastic Hypercube Technology for Workday Adaptive Planning
Technical Innovation and Embedded Artificial Intelligence Enable Global Organizations Like Boeing and Mondelēz International to Meet the Growing Scale and
About this update from Workday, Inc.
[{"type":"text","content":"Technical Innovation and Embedded Artificial Intelligence Enable Global Organizations Like Boeing and Mondelēz International to Meet the Growing Scale and Complexity of Large Enterprise Planning\nPLEASANTON, Calif., July 11, 2023 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today introduced the next generation of its patented Elastic Hypercube Technology (EHT), the intelligent modeling engine that powers Workday Adaptive Planning, to address the growing demands on organizations as they model more complex business scenarios, manage changing business needs, and expand planning to more users. \n\n \n \n \n \n \n \n\n \nToday's economic uncertainty, market volatility, and heightened competitive landscape mean planning teams must analyze and report on massive datasets while accounting for a vast number of scenarios. More dimensionality, 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.\nThe next generation EHT in Workday Adaptive Planning is enhanced with new embedded AI and performance improvements that efficiently calculate complex models by adding memory and compute power as needed, resulting in dynamic, automatic scaling. This new technology is designed to support even the most complex multi-dimensional planning requirements and a high level of concurrent users, without sacrificing speed or performance.\nPower and Scale, Without Compromising Flexibility and Ease of UseBoeing transformed its workforce planning from a siloed process to a flexible, consistent, and scalable solution with Workday Adaptive Planning. With all its workforce data in one system, Boeing was able to standardize processes and increase visibility into open job requisitions, driving cost savings and operational efficiency.\n\"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,\" said Jeremy McCann, manager of enterprise workforce planning, Boeing. \"...