Future-Proofing Business: 5 Workday 2024 R1 Capabilities to Watch
Tags: future, proofing, business
Published: 2024-04-30 07:53:00

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The only constant today is change. As the world transforms at a fast pace, enterprises need systems that can keep up. This expectation has motivated Workday’s to introduce yet another trailblazing release – Workday 2024 R1. Set to launch in March 2024,  Workday R1 packs next-generation features spanning analytics, automation and employee experiences. While the extensive update touches all product areas, here are 5 cutting-edge Workday R1 capabilities organizations should know about:

**Predictive Insights Bring the Future into Focus** 

Making informed decisions requires predicting future outcomes beyond analyzing historical patterns. Workday augments existing analytics with new predictive modeling tools that uncover risks, forecast KPIs like revenue, identify attrition-prone employees and simulate financial scenarios for sensitivity. 

Powered by embedded ML, the predictive capabilities make statistical analysis accessible without data science skills. The business views indicate probability ranges so leaders can spot trends before they wreak havoc.

**Automating More Knowledge Work**

While RPA handles repetitive tasks, Workday takes intelligent automation deeper by launching Applied AI to automate knowledge work. Transaction analysis, speech and image recognition self-learn how to handle unstructured requests spanning approvals, anomaly detection, document classification and more. 

Low-code tools allow anyone to train AI bots while still safeguarding decisions. 30+ prebuilt skills accelerate adoption across finance, HR, planning and procurement through supervised autonomy.

**Individualized Employee Experiences**

A dispersed global workforce expects personalized, digitally enabled HCM experiences spanning training, career growth and real-time coaching. Workday boosts self-service and target recommendations via new talent marketplace, IDP tools and configurable performance management.

Worker preference dashboard and mobile microlearning enable multi-generational, multi-location inclusiveness. As talent demands evolve, R1 capabilities help teams skill, reskill and fulfill people’s potential faster.

**Supply Chain Resilience and Responsiveness**

The disruptions of recent years have underscored a need for supply chain agility as well as continuous planning. Workday 2024 R1 equips customers to manage volatility via better traceability, analysis and simulations. Control tower dashboards provide end-to-end visibility spanning orders, inventory, logistics and suppliers for rapid response.  Workday R1 adds tracking of sustainability metrics like product carbon footprints and renewable energy usage by suppliers to report on emission reductions.  

Freight and logistics processes get boosted through mobile document capture, two-way EDI, better milestone visibility and automated freight invoice auditing. Spend optimization leverages enhanced analytics on historical trends, real-time patterns and alternate scenarios for strategic guidance. Catalog and sourcing improvements further empower procurement teams with AI-driven recommendations. With over 60 direct procurement enhancements, Workday R1 tackles supply uncertainty through heightened resilience and responsiveness across planning, execution and monitoring.

**Composite Design for Unique Business Demands**

Monolithic solutions box innovation, hence Workday architecture allows combining capabilities via composable business services accessed through API-first fabric. Partners can integrate vertical use cases, build custom widgets and extend data model semantics. 

Composable services make it simpler for even non-technical users to assemble apps for niche industry scenarios without relying on IT help.  Workday R1 enhancements expand composability tools for customers to keep pace with uncommon needs.

**Conclusion**

Facing an ambiguous tomorrow, the strongest organizations evolve continuously rather than undergoing abrupt transformation. Opkey offers no-code automated testing for Workday, empowering users to build reliable test scripts without coding. Smart impact analysis spots precisely what needs retesting with each Workday update. Pre-built accelerators cut test design time by over 70% across functional, regression, performance and security testing, while test discovery mines executed tests to find coverage gaps. Opkey optimizes coverage and mitigates risk for Workday upgrades. Self-healing heals the damage test cases so scripts run smoothly. For streamlined Workday testing that evolves alongside your business needs, choose Opkey.