Workday Inc

1. What is Workday Inc?

1.1 What is the History and Background of Workday Inc?

Workday Inc. was founded in 2005 by Dave Duffield and Aneel Bhusri, two software visionaries who met at a diner in California. They decided to start a company that would revolutionize the enterprise software market by creating cloud-based applications for finance and HR. Duffield had previously founded PeopleSoft, a company that was acquired by Oracle in 2005, and Bhusri had held leadership positions at PeopleSoft.

The company's early years were marked by the development of its first application, Workday Human Capital Management, which was announced in 2006. This was followed by the beta release of Workday Financial Management in 2007, which was designed to help companies manage revenue, resources, and financial accounting.

In 2009, Workday hosted its first customer conference, Workday Rising, which brought together customers, partners, and employees to share best practices and exchange ideas. The company also received recognition as one of the Best Places to Work in the Bay Area.

By 2011, Workday had grown to over 100 customers in 46 countries, and had delivered its first unified system-of-record for both talent management and core human capital management.

In 2012, Workday went public with an initial public offering (IPO) on the New York Stock Exchange, with shares jumping as much as 83% in a red-hot trading debut.

Since then, Workday has continued to innovate and expand its product offerings, including the launch of Workday Student in 2013, which was designed to help higher education institutions manage student and faculty lifecycle information. The company has also expanded its talent management capabilities with the introduction of Workday Recruiting in 2014.

Today, Workday is a leading provider of cloud-based financial management, human capital management, and student lifecycle management applications, with over 9,500 customers worldwide, including Fortune 500 companies. The company is headquartered in Pleasanton, California, and has a global presence with offices in the United States, Europe, Asia, and Latin America.

Workday's mission is to help organizations manage their finances, HR, and student lifecycle information in a single, unified system that evolves as business evolves. The company's products are designed to be intuitive, user-friendly, and accessible on any device, and are built on a cloud-native architecture that provides a lower total cost of ownership and faster time to value.

Workday's leadership team includes Dave Duffield, Co-founder and Chairman of the Board, Aneel Bhusri, Co-founder and CEO, and other experienced executives with a background in software development, finance, and human resources. The company's values include a commitment to customer satisfaction, innovation, and social responsibility, and it has received numerous awards and recognition for its products and company culture.

1.2 What Products and Services does Workday Inc Offer?

Workday Inc. offers a range of products and services that cater to the financial, human resources, and planning needs of organizations. Some of the key products and services offered by Workday include:

Financial Management: Workday provides financial management applications that help organizations manage their financial operations, including general ledger, accounts payable, accounts receivable, and financial reporting.
Human Capital Management (HCM): Workday's HCM applications help organizations manage their workforce, including recruitment, talent management, performance management, and compensation management.
Planning: Workday's planning applications help organizations plan and budget for their financial and operational needs, including strategic planning, budgeting, and forecasting.
Student and Faculty Lifecycle Management: Workday's Student and Faculty Lifecycle Management applications help educational institutions manage the entire student and faculty lifecycle, including recruitment, admissions, curriculum management, and student records.
Time and Expense Tracking: Workday's time and expense tracking applications help organizations track and manage employee time and expenses, including time-off requests, expense reports, and reimbursement.
Analytics and Reporting: Workday's analytics and reporting applications provide organizations with real-time insights and analytics to help them make informed decisions, including financial reporting, HR analytics, and business intelligence.
Mobile Applications: Workday's mobile applications provide employees with access to Workday's applications and data on-the-go, including mobile access to financial, HR, and planning data.
Integration: Workday's integration capabilities allow organizations to integrate Workday with other applications and systems, including ERP, CRM, and HR systems.
Security and Compliance: Workday provides robust security and compliance features to ensure the integrity and confidentiality of organizational data, including data encryption, access controls, and compliance with regulatory requirements.

Overall, Workday's products and services are designed to help organizations streamline their financial, HR, and planning operations, improve employee engagement and productivity, and make better-informed decisions.

1.3 What is the Market Position of Workday Inc in the Industry?

Based on the search results, Workday Inc. is a leading provider of enterprise cloud applications for finance and human resources. Here are some key market position indicators:

Market Capitalization: Workday Inc. has a market capitalization of over $16.5 billion (as of January 31, 2024).
Revenue: The company generated revenue of $7.26 billion in 2024.
Operating Income: Workday Inc. reported operating income of $183 million in 2024.
Net Income: The company's net income was $1.38 billion in 2024.
Employee Base: Workday Inc. has a global workforce of over 18,800 employees.
Customer Base: The company serves over 10,000 organizations worldwide, across various industries, including professional and business services, financial services, healthcare, education, government, technology, media, retail, and hospitality.
Competitive Position: Workday Inc. is a major player in the enterprise cloud applications market, competing with other leading vendors such as SAP, Oracle, and Microsoft.
Industry Recognition: The company has received numerous industry recognitions, including being named the Best in KLAS 2024 in enterprise resource planning (ERP) for the seventh consecutive year.
Partnerships and Collaborations: Workday Inc. has formed strategic partnerships with companies like Insperity, Saab, and others to expand its offerings and reach.
Financial Performance: The company has reported strong financial performance, with a revenue growth rate of over 20% year-over-year in 2024.

Overall, Workday Inc. is a well-established and successful company in the enterprise cloud applications market, with a strong market position, significant revenue and profit growth, and a large and diverse customer base.

2. Why is Workday Inc Significant in the Tech Sector?

2.1 How Does Workday Inc Contribute to Digital Transformation in Businesses?

Workday Inc. contributes to digital transformation in businesses by providing a comprehensive suite of HR and financial management solutions that enable organizations to accelerate their digital acceleration. Here are some ways Workday helps businesses achieve digital transformation:

Comprehensive HR Functionality: Workday provides a comprehensive suite of HR solutions, including human capital management, payroll, talent management, time tracking, and more. This integrated approach eliminates silos and enables businesses to streamline their HR processes, creating a foundation for innovation in managing the workforce.
Cloud-Based Platform: Workday's cloud-based platform allows businesses to access their HR data and applications from anywhere, anytime. This flexibility promotes collaboration, agility, and remote work capabilities, facilitating innovation by enabling teams to work together seamlessly, regardless of geographical constraints.
Continuous Updates and Enhancements: Workday consistently releases updates and enhancements to its platform, incorporating new features, functionalities, and industry best practices. This commitment to continuous improvement ensures that businesses can leverage the latest innovations and stay at the forefront of digital transformation.
Integration Capabilities: Workday offers robust integration capabilities, allowing businesses to connect and exchange data with other systems, applications, and third-party solutions. This integration ecosystem promotes innovation by enabling businesses to leverage specialized tools, extend the functionality of Workday, and create a customized HR technology landscape that meets their unique needs.
User-Centric Design: Workday's user-centric design approach focuses on delivering an intuitive and engaging user experience. This design philosophy enhances user adoption and satisfaction, driving innovation and improving the overall effectiveness of digital transformation initiatives.
Emerging Technologies: Workday invests in emerging technologies, such as artificial intelligence (AI), machine learning (ML), and natural language processing (NLP), to drive innovation within its platform. These technologies enhance data analytics, automate routine tasks, improve decision-making, and unlock new possibilities for HR professionals and users.
Customer-Driven Innovation: Workday actively listens to customer feedback and incorporates it into their innovation initiatives. Regular interactions with customers through channels like user groups, conferences, and support forums provide valuable insights that drive the direction and focus of Workday's innovation efforts.
Industry Thought Leadership: Workday takes an active role in industry thought leadership, sharing insights, research, and best practices through publications, conferences, and events. By participating in industry dialogues, Workday contributes to shaping the future of HR technology and drives conversations around innovation and digital transformation.

By leveraging Workday's innovative solutions, businesses can drive HR transformation, optimize workforce management, and embrace digital innovation to stay competitive in today's dynamic business landscape.

2.2 What are the Key Features of Workday Inc's Technology Solutions?

The key features of Workday Inc.'s technology solutions include:

Workday Human Capital Management (HCM): Provides comprehensive solutions for HR, including talent management, workforce planning, and recruiting.
Workday Financial Management: Transforms financial processes with applications for planning, procurement, and analytics.
Workday Adaptive Planning: A flexible planning tool that enables businesses to budget, forecast, and analyze performance.
Workday Student: An application built to address the needs of higher education institutions for student recruiting, admissions, and financial aid.
Generative AI Capabilities: Unveiled new generative AI features to support use cases including job descriptions, contract analysis, knowledge management, collections letters, app development, employee growth plans, and statements of work.
Cloud Technology Platform: Built with a true cloud architecture, intelligent data core, configurable frameworks, business-optimized developer environment, and personalized, omni-channel experience.
Embedded AI and ML: Delivers true business adaptability using AI and ML, natively leveraging these technologies in workflows, analytics, and user experience.
Security and Trust: Meets every security and data privacy need, with a focus on transparency, explainability, and trust.
Industry Accelerator for Technology: A global ecosystem of partners to help technology organizations adapt, innovate, and scale, while fast-tracking digital transformation.
Analytics and Reporting: Provides real-time reporting, analytics, and integrated workforce scheduling to help organizations make informed decisions.
Employee Self-Service: Enables employees to track their own time, manage their benefits, and access HR information.
Talent Management: Provides tools to foster employee development, including performance evaluation and management, succession planning, and career development.
Time Tracking: Allows employees to track their time and manage their schedules.
Recruiting: Offers tools to manage the recruitment process, including job posting, applicant tracking, and interview scheduling.
Payroll and Benefits: Manages payroll, benefits, and compensation, including benefits administration, payroll processing, and compensation planning.

These features are designed to help organizations manage their financials, HR, and operations more effectively, while also providing a personalized and omni-channel experience for employees.

2.3 How Does Workday Inc Compare to Competitors in the Market?

Workday Inc. is a leading provider of human capital management (HCM) and financial management software, but it faces competition from several other vendors in the market. Here are some of the top Workday competitors:

UKG Pro: UKG Pro is a cloud-based HCM solution that offers a range of features, including HR, payroll, time and attendance, and talent management. It is known for its user-friendly interface and robust analytics capabilities.
Oracle HCM: Oracle HCM is a comprehensive HCM solution that offers a range of features, including HR, payroll, time and attendance, and talent management. It is known for its robust analytics capabilities and integration with other Oracle products.
SAP SuccessFactors: SAP SuccessFactors is a cloud-based HCM solution that offers a range of features, including HR, payroll, time and attendance, and talent management. It is known for its robust analytics capabilities and integration with other SAP products.
Dayforce: Dayforce is a cloud-based HCM solution that offers a range of features, including HR, payroll, time and attendance, and talent management. It is known for its user-friendly interface and robust analytics capabilities.
ADP Workforce Now: ADP Workforce Now is a cloud-based HCM solution that offers a range of features, including HR, payroll, time and attendance, and talent management. It is known for its robust analytics capabilities and integration with other ADP products.

These competitors offer similar features and functionalities to Workday, but with some differences in terms of user interface, analytics capabilities, and integration with other products. When evaluating these competitors, it is important to consider factors such as user reviews, pricing, and customization options to determine which solution best meets your organization's needs.

In terms of analyst ratings, Workday has a strong reputation in the market, with a rating of 77 out of 100 from SelectHub and a rating of 84 out of 100 from Gartner. UKG Pro and Oracle HCM also have strong ratings, with ratings of 85 out of 100 and 84 out of 100, respectively. SAP SuccessFactors and Dayforce have slightly lower ratings, with ratings of 79 out of 100 and 79 out of 100, respectively. ADP Workforce Now has a rating of 77 out of 100.

Overall, the choice between Workday and its competitors will depend on the specific needs and requirements of your organization. It is important to evaluate each solution carefully and consider factors such as user reviews, pricing, and customization options to determine which solution best meets your needs.

3. How Does Workday Inc Operate and Serve its Clients?

3.1 What is the Business Model of Workday Inc?

The business model of Workday Inc. is based on providing cloud-based enterprise software applications for financial management, human capital management, and student information systems. Here are the key components of their business model:

Cloud-based delivery: Workday's software is delivered through the cloud, eliminating the need for customers to maintain their own infrastructure.
Unified suite of applications: Workday offers a unified suite of applications that includes financial management, human resources, talent management, payroll, analytics, and more.
Lower total cost of ownership: Workday's cloud-based delivery model reduces the total cost of ownership for customers, as they do not need to purchase, install, or maintain hardware, software, middleware, or databases.
Rapid deployment and faster time to value: Workday's applications can be deployed quickly and easily, providing customers with a faster time to value.
Continuous innovation and adoption: Workday's cloud-based model allows for easy updates and upgrades, eliminating the need for customers to worry about becoming locked into old software.
Safety and security: Workday has a strong focus on security and passes industry-standard security audits and certifications, ensuring that customer data is safe and secure.
Customer satisfaction: Workday has a high customer satisfaction rate, with customers praising the company's customer service and support.
Add-on services: Workday offers add-on services, such as benchmarking services, codifying distinctive service capabilities, and collaborative production, to help customers get the most out of their software.
Integration with other systems: Workday's software is designed to integrate with other systems and applications, making it easy for customers to use with their existing technology infrastructure.
Scalability: Workday's cloud-based model allows for easy scalability, making it easy for customers to grow and adapt their software as their business needs change.

Overall, Workday's business model is focused on providing a unified, cloud-based suite of applications that is easy to use, scalable, and secure, with a strong focus on customer satisfaction and support.

3.2 How Does Workday Inc Implement its Solutions for Clients?

Workday Inc implements its solutions for clients through a combination of its own professional services team and a network of deployment partners. Here are the key ways Workday implements its solutions:

Deployment Methodology: Workday's deployment methodology is designed to ensure a successful launch, with a focus on predictability, minimal disruptions, and greater confidence in the outcome. This methodology is used for both custom deployments and preconfigured packages.
Partners: Workday has a network of deployment partners who share the same commitment to client success. These partners use the same methodology and tools as Workday's professional services team, ensuring consistency across deployments.
Workday Delivery Assurance: This program provides support to clients throughout the deployment process, ensuring that the deployment stays on track, on time, and on budget. It also helps to mitigate risk and ensure a successful outcome.
Workday Success Plans: These subscription-based service plans offer clients exclusive access to resources, tools, and expertise to help them get the most out of their Workday deployment.
Integration Cloud: Workday's Integration Cloud allows clients to securely and efficiently connect to third-party systems, without the need for additional costs or middleware.
Prebuilt Integrations: Workday provides over 600 prebuilt integrations that are ready for use, making it easier for clients to connect their systems and applications.
AI and Machine Learning: Workday's AI and machine learning capabilities are embedded into its platform, enabling intelligent predictions and automation that can help clients streamline their operations and improve decision-making.

Overall, Workday's implementation approach is designed to provide clients with a seamless and successful deployment experience, with a focus on predictability, minimal disruptions, and greater confidence in the outcome.

3.3 What Industries and Sectors does Workday Inc Primarily Serve?

Workday Inc. primarily serves the following industries and sectors:

Financial Services: Workday provides cloud-based financial management and human capital management solutions to financial services companies, helping them manage payroll, benefits, HR, and employee data.
Professional Services: Workday offers its solutions to professional services firms, including those in the consulting, law, and accounting sectors, to help them manage their workforce, financials, and operations.
Healthcare: Workday serves healthcare organizations, including hospitals, medical groups, and health systems, to help them manage their workforce, patient data, and financials.
Education: Workday provides its solutions to educational institutions, including universities, colleges, and K-12 schools, to help them manage their workforce, student data, and financials.
Manufacturing: Workday serves manufacturing companies, including those in the aerospace, automotive, and pharmaceutical sectors, to help them manage their workforce, supply chain, and financials.
Retail: Workday provides its solutions to retail companies, including those in the e-commerce, fashion, and consumer goods sectors, to help them manage their workforce, inventory, and financials.
Technology: Workday serves technology companies, including those in the software, hardware, and IT sectors, to help them manage their workforce, financials, and operations.

Workday's solutions are designed to help organizations across various industries and sectors manage their workforce, financials, and operations more efficiently and effectively.

4. Who are the Key Stakeholders and Market Trends in Workday Inc's Industry?

4.1 Who are Workday Inc's Major Clients and Partners?

Based on the search results, the major clients and partners of Workday Inc. are:

Kainos: Kainos is one of Workday's most respected partners, experienced in complex deployment and integrations, and trusted by customers to launch, test, and implement Workday's software suite.
Accenture: Accenture is a global management consulting firm that provides services to Workday customers, including strategy, operations, and technology consulting.
Deloitte: Deloitte is a global professional services firm that provides services to Workday customers, including consulting, auditing, and tax services.
Capgemini: Capgemini is a global consulting, technology, and outsourcing company that provides services to Workday customers, including IT consulting, business process outsourcing, and digital transformation.
BJSS: BJSS is a global consulting firm that provides services to Workday customers, including IT consulting, business process outsourcing, and digital transformation.
Atos: Atos is a global IT services company that provides services to Workday customers, including IT consulting, business process outsourcing, and digital transformation.
Equal Experts: Equal Experts is a global consulting firm that provides services to Workday customers, including IT consulting, business process outsourcing, and digital transformation.
NTT Data: NTT Data is a global IT services company that provides services to Workday customers, including IT consulting, business process outsourcing, and digital transformation.
Alight: Alight is a global HR and benefits company that provides services to Workday customers, including HR consulting, benefits administration, and payroll processing.
One Source Virtual: One Source Virtual is a global HR and benefits company that provides services to Workday customers, including HR consulting, benefits administration, and payroll processing.
Collaborative Solutions: Collaborative Solutions is a global HR and benefits company that provides services to Workday customers, including HR consulting, benefits administration, and payroll processing.
Worksoft: Worksoft is a global software company that provides services to Workday customers, including IT consulting, business process outsourcing, and digital transformation.
Turnkey: Turnkey is a global software company that provides services to Workday customers, including IT consulting, business process outsourcing, and digital transformation.
CloudBera: CloudBera is a global software company that provides services to Workday customers, including IT consulting, business process outsourcing, and digital transformation.

These clients and partners are major players in the IT, consulting, and HR industries, and they work closely with Workday to provide services to their customers.

4.2 What Factors Influence Workday Inc's Market Performance?

The factors that influence Workday Inc's (WDAY) market performance include:

Analyst upgrades and downgrades: Changes in analyst opinions can lead to sudden stock price adjustments. As of October 05, 2023, there were 0 analysts who downgraded WDAY's stock and 1 analyst who upgraded over the last month.
Relative price strength: Measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks. WDAY has a weighted four-quarter relative price strength of 2.00%, translating to a Momentum Score of 75 and is considered Strong.
Earnings growth: Workday's exceptional 50% net income growth over the past five years is a significant factor in its stock price.
Return on Equity (ROE): WDAY's ROE compares favorably to the industry average of 13%, indicating a decent return on equity.
Earnings retention: Workday's high earnings retention rate, with no regular dividends paid, contributes to its high earnings growth.
Market trends: The company's commitment to innovation and customer satisfaction has been central to its success, with its suite of applications designed to help organizations adapt to the changing business landscape.
Digital transformation: The ongoing digital transformation in workplaces, fueled by the COVID-19 pandemic's push towards remote work, has further underscored the importance of Workday's services, potentially leading to sustained growth and interest in WDAY stock.
Competition: The market for cloud services is crowded, with giants like Oracle, SAP, and Salesforce competing for a share of the pie. Workday's ability to maintain its growth momentum amid such competition depends on its continued innovation, customer retention, and successful expansion into new markets and product areas.
Macroeconomic factors: Fluctuations in technology spending and economic downturns could pose risks to the company's growth trajectory and, by extension, WDAY stock.
PESTLE analysis: Workday's performance is influenced by various external factors, including political, economic, social, technological, legal, and environmental factors.
Financial health and valuation: Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Workday.

These factors contribute to the overall performance of WDAY's stock, which is influenced by market supply and demand.

4.3 What are the Emerging Trends in the Tech Sector that Impact Workday Inc?

Based on the search results, the emerging trends in the tech sector that impact Workday Inc. include:

Data-driven decision making: The future of the technology industry is defined by data, and companies are racing to modernize their data foundations to spur innovation and growth.
AI integration: AI is expected to play a significant role in the future of work, with trends such as AI integration, hyperautomation, decentralized work platforms, and the metaverse for work.
Digital transformation: Technology, media, and entertainment companies are at a digital transformation crossroads, with a focus on upleveling forecasting and planning capabilities and using data-driven insights to gain a competitive advantage.
Cloud technology: Cloud technology is expected to improve employee experiences, operational efficiencies, and decision-making, with a focus on ERP modernization and the adoption of cloud-based ERP environments.
Responsible AI governance: Workday is shaping the future of responsible AI, with a focus on empowering innovation through responsible AI governance and closing the AI trust gap.
Skills-based workforce: CIOs are using AI to foster a skills-based workforce, with a focus on unlocking a skills-based strategy for IT and creating a seamless employee experience.
Generative AI: Generative AI is expected to make a significant impact on the future of IT, with a focus on tech leadership in the age of generative AI and the potential for generative AI to disrupt HR technology.
Interoperability: Harnessing the potential of interoperable technology is expected to unlock the benefits of interoperable technology and enable organizations to adapt and innovate with future-proof technology.

These trends are expected to shape the future of work and impact Workday Inc.'s products and services, particularly in the areas of HR, finance, and planning.

5. What are the Challenges and Opportunities for Workday Inc?

5.1 What are the Regulatory and Compliance Challenges Faced by Workday Inc?

The regulatory and compliance challenges faced by Workday Inc. include:

Compliance with regulations: Workday may face challenges in adhering to local, national, and international labor laws, as mentioned in.
Data privacy and security: With the increasing use of artificial intelligence (AI) and machine learning (ML) in their products, Workday may need to ensure that their systems are secure and compliant with data privacy regulations, as discussed in.
Global and multi-entity support: Workday may need to navigate complex regulatory environments and ensure compliance with different laws and regulations in various countries and regions, as mentioned in.
Governance, Risk, and Compliance (GRC): Workday may need to ensure that their products and services are compliant with GRC regulations, which can be a complex and challenging task, as mentioned in.
Integration with third-party systems: Workday may need to ensure that their products integrate seamlessly with third-party systems, which can pose regulatory and compliance challenges, as mentioned in.
Platform-as-a-Service (PaaS) compliance: Workday may need to ensure that their PaaS offerings comply with regulatory requirements, which can be a complex and challenging task, as mentioned in.
Customization and personalization: Workday may need to ensure that their customized and personalized solutions comply with regulatory requirements, which can be a complex and challenging task, as mentioned in.

These regulatory and compliance challenges can impact Workday's ability to deliver their products and services, and may require significant investments in compliance and risk management.

5.2 What Technological Advancements are Shaping the Future of Workday Inc?

Based on the search results, here are some technological advancements that are shaping the future of Workday Inc.:

Artificial Intelligence (AI) and Machine Learning (ML): Workday has been embedding AI and ML into its platform for nearly a decade, and it believes that these technologies will power the future of work. Workday's unique approach to AI and ML includes using ML to analyze skills and map them to a skills-centric workforce, and using AI to help finance teams manage risk and eliminate inefficiencies.
Generative AI: Workday is exploring the potential of generative AI, which is a type of AI that can generate human-like text, images, and music. This technology has the potential to revolutionize the way Workday's customers interact with its platform.
Cloud Computing: Workday's partnership with Amazon Web Services (AWS) is accelerating innovation in enterprise management. The collaboration is enabling Workday to leverage AWS' cloud computing services to deliver more efficient and scalable solutions to its customers.
Data Analytics: Workday's data analytics capabilities, including Workday Prism Analytics, are enabling customers to gain insights from their data and make more informed decisions.
Digital Transformation: Workday is helping its customers navigate the digital transformation of their organizations, including the adoption of new technologies and the development of new business models.
Skills Cloud: Workday's Skills Cloud is a machine learning capability that enables the future of work by analyzing the way skills are used in human language and mapping them to a skills-centric workforce.
Financial Management: Workday's financial management capabilities, including its use of AI and ML, are enabling finance teams to manage risk and eliminate inefficiencies.
Human Capital Management: Workday's human capital management capabilities, including its use of AI and ML, are enabling HR teams to manage the workforce more effectively and make more informed decisions.

Overall, Workday is leveraging a range of technological advancements to deliver innovative solutions to its customers and help them navigate the changing landscape of work.

5.3 What Growth Opportunities and Innovations are Available for Workday Inc in the Market?

Based on the search results, here are some growth opportunities and innovations available for Workday Inc. in the market:

Personalized Experiences: Workday is introducing new innovations to help customers gain richer insight into the skills of their workforce, enabling more personalized experiences for employees.
Industry-Specific Solutions: Workday is expanding its ecosystem to provide industry-specific solutions that help enable faster time to value and the ability to bring in new customers.
Low-Code/No-Code App Development: Workday is planning to introduce low-code/no-code app development functionality in Workday Extend, making it easier for customers to create custom applications.
Intuitive UX Capabilities: Workday is introducing intuitive UX capabilities to help customers quickly adapt to changing business needs.
Artificial Intelligence (AI) and Machine Learning (ML): Workday is investing in building trustworthy AI innovations that augment human capability, not displace it.
Environmental, Social, and Governance (ESG) Solutions: Workday is expanding its ESG solutions to help customers better respond to rapidly evolving ESG management and disclosure requirements.
Talent Acquisition and Internal Mobility: Workday is acquiring HiredScore to provide organizations with a comprehensive and intelligent talent acquisition and internal mobility solution.
Collaboration and Co-Innovation: Workday is expanding its partner ecosystem to enable co-innovation and collaboration with customers, partners, and other stakeholders.
Skills Technology: Workday is introducing next-generation skills technology to help organizations support evolving talent strategies and provide employees with opportunities to develop market-leading skills.
Digital Transformation: Workday is helping customers adapt to the changing world of work by providing digital transformation solutions that enable them to connect workers with internal opportunities and deliver more personalized experiences.

These innovations and growth opportunities are designed to help Workday customers adapt to the changing world of work, improve employee experiences, and drive business success.