Workday Rising 2024: Ushering in the Next Generation of AI
After an incredible week in Las Vegas, we’re recapping the top highlights from Workday Rising 2024. If you attended the conference or have been following ERPA’s coverage of Workday Rising, you know that the event delivered on its theme of “Forever Forward.”
New solutions took center stage, and exciting announcements were made that promise to revolutionize the world of work. With thousands of individuals in attendance, the excitement in the air was palpable.
Now that the conference is over, we want to ensure you know the key takeaways from the event and how these new developments could help your business in the future.
Workday Innovations to Move Your Organization “Forever Forward”
Whether you’re a Workday veteran or newcomer, you know that Workday Rising is not your typical industry conference.
It’s truly more of a celebration — a celebration of innovation and the Workday ecosystem partnerships that make it all possible.
That’s why the ERPA team is rounding up our top three highlights from Workday Rising 2024. Read on to explore the can’t-miss announcements from the event.
The Top 3 Highlights from Workday Rising 2024: The Future is Still AI
This year at Workday Rising, attendees had plenty to celebrate. Workday unveiled a pivotal acquisition and new AI-powered solutions that will usher in a new era of Human Resources (HR) and finance processes.
Ready to dive in? Join ERPA in exploring the top three highlights from Workday Rising 2024 and key takeaways for your organization.
1. Workday Illuminate Harnesses the Power of Generative AI
Once again, Generative Artificial Intelligence (AI) was a hot topic at this year’s conference.
While Workday has already integrated Generative AI capabilities into its platform, Workday Illuminate takes this innovation a step further.
Fueled by Powerful Technology
This new solution taps into Workday’s treasure trove of data — data from 800 billion business transactions processed by Workday’s platform each year.
But Workday Illuminate goes beyond data. It understands the “why” behind Human Capital Management (HCM) processes and has the ability to take manual tasks off your plate.
Designed to Increase Productivity
Workday Illuminate accelerates the time-consuming manual tasks that hold your team back from more strategic work. These could be tasks like writing job descriptions or summarizing contracts.
Plus, this solution provides intuitive AI assistance to help users complete complex processes and better prioritize.
Through the use of AI Agents, this tool transforms the Workday user experience. It provides business process expertise to streamline Human Resources (HR) and Financial Management tasks like succession planning and expense report processing.
2. Workday Acquires Evisort, an AI-Native Document Intelligence Platform
Workday isn’t just launching new solutions of its own. It’s also pursuing acquisitions of AI-focused businesses to enhance its platform’s capabilities.
Our second highlight from Workday Rising 2024 is Workday’s acquisition of Evisort. If you aren’t familiar with Evisort, let us provide a quick background on the company.
As a pioneer in document intelligence, Evisort offers AI-powered document analysis. Legal and business professionals use Evisort for contract analytics that help save costs and reduce risk.
Here’s what you can expect from the Workday-Evisort partnership:
Greater Visibility into Business Data
Looking through business documents for errors or specific details can be laborious and time-consuming work.
Evisort can change that. It leverages AI to search and analyze business documents like invoices, policies, and contracts.
Once identified, key details can be pulled directly into your Workday platform.
Actionable Insights for Strategic Decisions
Evisort’s document intelligence capabilities empower you to make business decisions with confidence.
You’ll have the data to support your decision-making and insights that guide your business strategy toward cost savings, increased ROI, and smoother contract management.
3. Workday Wellness Reimagines Benefits Programs
Our third Workday Rising highlight was the debut of Workday Wellness.
Announced on day 3 of Workday Rising, Workday Wellness is the company’s new AI-powered health benefits solution.
For Human Resource (HR) leaders, understanding the benefits that employees want is crucial. Workday Wellness makes it easy to do so.
Real-Time Visibility to Guide Your Strategy
The solution provides real-time visibility into employee sentiment about your benefits and wellness offerings, empowering you to make more strategic decisions about your benefits programs.
Workday Wellness builds on data from two other Workday solutions: Workday Illuminate and Workday Peakon Employee Voice.
This data gives you valuable insights into the benefits your employees are using (or not using) and can help you create more personalized benefits programs.
Increased Employee Engagement and Retention
Offering more personalized health benefits is a key part of boosting employee satisfaction and engagement.
By providing your employees with the benefits that they actually want and use, you’re better positioned to retain your talent.
Innovate Your Workplace With ERPA + Workday AI
Now, you’re caught up on the three biggest highlights from Workday Rising 2024: Workday Illuminate, the Evisort acquisition, and Workday Wellness.
Want to start taking advantage of these new innovations? Contact the ERPA team today!
As a trusted Workday Services Partner, we’d love to help you drive more value from your Workday investment and leverage all of Workday’s solutions to move work forever forward.
