Human capital management company Workday has released a series of new AI and ML capabilities for its product suite.
The new features will help businesses “drive productivity, streamline business processes, empower their people and make better decisions,” the company said in a statement.
The company also released its new Workday AI Marketplace, which it says will help its customers find and deploy certified AI and ML partner solutions. Workday said all apps will have to complete a certification process so they are aligned with Workday’s AI principles and values, which includes a commitment to responsible use of AI, before being added to its marketplace.
The company said the new generative AI features will help HR teams to generate job descriptions quickly and accurately, create personalized content and formulate employee growth plans to improve talent retention.
It also unveiled the Workday AI Gateway within its Workday Extend product to enable developers to build intelligent and responsible apps using Workday AI.
The final area Workday announced new release relates to how organizations manage their people and finances. To help finance and HR teams gain real-time access to data and information it is releasing generative AI tools in its Workday Adaptive Planning product to help drive collaboration between HR and finance teams, streamline headcount planning and produce reports faster.
The tools include a Manager Insights Hub within the Workday HCM that delivers a new, simplified AI-powered manager experience and a new User Success Platform, which provides employees with new tools offering them guidance on how to complete complex tasks that are part of their workflow.
The features will be gradually rolled out over the next 6-12 months.
“Generative AI has the potential to completely transform work as we know it,” said Workday co-president Sayan Chakraborty. “When applied responsibly, it has the power to elevate performance and to free up time to focus on the valuable work we need to be doing.”
Workday has appointed Carl Eschenbach as Co-CEO, working alongside Aneel Bhusri, Workday co-CEO, co-founder, and chair, through January 2024, when Eschenbach is expected to assume sole CEO responsibilities.
Former Workday co-CEO Chano Fernandez has just been appointed as co-CEO of Eightfold AI. Fernandez will also start his new role in January 2024.