Workday Strategy & Strategy Assessments

Workday announced Workday AI Marketplace today.

What is Workday? It’s a cloud-based software company that creates HR and Finance management applications. It reported 5.14 B in revenue in 2022, a 19% increase from 2021.

What is Workday AI marketplace? “a centralized place where Workday customers can find cutting edge AI and ML apps that they know they can trust.” It features AI and ML apps integrating with Workday data via APIs and apps developed through Workday Extend using Workday-trained large language models. The marketplace will go live in the first half of 2024.

Who are early adopter partners? Accenture, Amazon, Auditoria.AI, Avalara, BetterUp, Hiredscore, IntelAgree, Kainos, Kyriba, Paradox.ai, Relish, Scnalabs, Techwolf, Vertex and Workboard.

What is Workday strategy? “to build a cohesive skills data model that maps skills from various systems and ties them together for a single source of truth.”

It demonstrated that it passed two strategy assessment checks.

• Robustness check: Maintain strategy when things are changing around you, i.e., AI
• Scalability check: Grow without too much extra effort. Marketplace grows partnerships by providing APIs and language models.