INTELLIGENT ANALYTICS
Why advanced analytics
are the key to unlocking
mission-critical insights
for companies of all sizes
An increasing number of companies want to become analytics-driven operations, yet many still aren’t using data to its full potential. That is likely to change. With more innovative solutions available that gather and unify data and offer advanced analytics, such as with the Workday Enterprise Management Cloud and
Workday PRISM Analytics,
corporations are finding it much
easier to get the kind of advanced
intelligence they need to transform
their businesses. Find out more
about the challenges companies
face when it comes to data and
how advanced analytics can help.
41%
of companies say
they’re competing
on analytics.
49%
of businesses say
they are driving
innovation with data.
39%
of companies say
they’re managing
data as an asset.
30%
of companies say
they have a
well-articulated
data strategy.
24%
of businesses have
forged a data culture
within their firm.
24%
of businesses say
that they’ve created
a data-driven
organization.
DATA USE AT
U.S. COMPANIES
PART 1:
THE DATA
CHALLENGE
Many businesses are collecting data, but there are gaps in how that information is being used. At the moment, there aren’t enough companies using data to truly drive innovation.
SOURCE: NEWVANTAGE PARTNERS
THE DATA DIVIDE
92%
41%
88%
29%
VS.
VS.
of CEOs say
financial data is important
to the success and
durability of their business
who say
they’re receiving
adequate financial data
of CEOs say
employee data is important
to the success and durability
of their business
who say they’re
receiving adequate
employee data
SOURCE: WORKDAY
64.2
ZETTABYTES
of data collected by
companies around
the world in 2020
estimated compound
annual growth rate in
data creation and
replication between
2020 and 2025
23%
PART 2:
COMPANIES HAVE
MORE DATA THAN
YOU THINK
Just because businesses could put their data to better use doesn’t mean what they’re collecting isn’t useful. It’s the opposite: Collectively, companies are amassing more information than ever. It’s how they are using that information that is key.
SOURCE: IDC
SOURCE: PwC
SOURCE: AIHR
PAYABLES
RECEIVABLES
PAYROLL
ACCOUNTING
AUDIT
COMPLIANCE
RECRUITING
PERFORMANCE
COMPENSATION
DIVERSITY & INCLUSION
TALENT DEVELOPMENT
EXIT INTERVIEW
WHERE COMPANIES
GET DATA
TOO MUCH DATA IS WASTED
68%
OF COMPANY DATA GOES UNUSED
SOURCE: SEAGATE TECHNOLOGY
PART 3:
INCREASE INTELLIGENCE WITH ANALYTICS
If the first step to becoming more intelligent is to understand that data needs to be put to better use, and the second is to know that valuable information is indeed being collected, then the third is to make use of intelligent analytics.
EXAMPLE: HOW FINANCE DATA HAS TRADITIONALLY BEEN USED
SOURCE: PwC
INSIGHT & ACTION
REPORTING & COMPLIANCE
TRANSACTION PROCESSING
SOURCE: PwC
INSIGHT & ACTION
REPORTING & COMPLIANCE
TRANSACTION PROCESSING
HOW FINANCE DATA SHOULD BE USED
52%
36%
12%
WHAT IS INTELLIGENT ANALYTICS?
SOURCE: WORKDAY
GET MORE INTELLIGENCE ACROSS EVERY LINE OF BUSINESS
UNCOVER INSIGHTS ACROSS ANY INDUSTRY
EXTENDED
FINANCIAL ECOSYSTEM
Blend financial data in your ecosystem, in a single secure location.
EXTENDED HCM ECOSYSTEM
Combine your people data with other HCM data to get a full picture of your workforce.
FINANCIAL HISTORY
Bring historical financial data into one hub, giving you a single place to identify trendsand ensure you’re meeting regulations.
PEOPLE HISTORY
With all your people data in the same place, you can make better workforce decisions.
SOURCE: WORKDAY
Intelligent analytics can only work with a unified data platform. Workday’s Enterprise Management Cloud together with Workday PRISM Analytics canhelp deliver more analytics and insights.
Workday PRISM Analytics is a data hub that lets you blend any data source with trusted data from Workday. By combining your workforce data with timely external data surrounding health, survey,and facilities readiness, you can monitor the health and well-being of your workforce and see who is ready to return to the workplace.
WHY WORKDAY?
PART 4:
SOURCE: WORKDAY
SOURCE: WORKDAY
COMBINING WORKFORCE, FINANCIAL, & OPERATIONAL INSIGHTS INTO ONE SOLUTION
workday prism analytics
The full spectrum of workforce,financial, and operational insights,all within Workday.
A UNIFIED SYSTEM
TYPICAL DATA ARCHITECTURE
ONE SYSTEM FOR WORKFORCE, FINANCIAL, & OPERATIONAL DATA
OPERATIONAL INSIGHTS
EXTENDED ECOSYSTEM
HISTORY
FACILITIES BADGING
FACILITIES REPAIR & MAINTENANCE
PUBLIC HEALTH
LEASE MANAGEMENT
SUPPLIER CONTRACT MANAGEMENT
CUSTOMER RELATIONSHIP MANAGEMENT
CONTRACT LIFE CYCLE MANAGEMENT
COLLECTIONS
MARKETING
INVENTORY
PROJECT SCHEDULING
PROVISIONING SSO
BENEFITS
WORKFORCE SCHEDULING, STAFFING/FREELANCE
CONTINGENT WORKER
MANAGEMENT
HELP DESK
SURVEY
BANKING
TREASURY
COMPLIANCE REPORTING
AUDIT REPORTS
TAX REPORTING
BOARD REPORTS
MANAGEMENT REPORTING
SOURCE: WORKDAY
675+
PRISM ANALYTICS CUSTOMERS
SOURCE: WORKDAY
To get a deeper look into how businesses are using Workday solutions to make smarter decisions faster, visit workday.com.
SOURCE: WORKDAY
SOURCE: WORKDAY
Learn More >
MAKE YOUR ANALYTICS SMARTER—TODAY
SOURCE: WORKDAY
