As we have moved to virtual briefings, I have increasingly been excerpting short video segments (with permission) as part of my Analyst Cam series.
Over the next few days, we will profile a series of posts on Workday’s Industries. Kicking it off today is Tom Peff in Product Marketing. He covers Workday’s Planning and Analytics across the Service Sector where they focus. Tomorrow, Greg Volpe will drill down into the analytical applications in Higher Education, and day after William Bercik will do the same for Healthcare. In the New Year, we will have a focus on Workday’s transactional capabilities in some of these sectors.
Tom starts off acknowledging that planning and analytics applications tend to be horizontal and apply across industries. However, Workday development has also focused on areas “that benefit certain industries disproportionately.” He discusses each of the unique functionalities below.
He next talks about Industry Models mapped to key Use Cases in 13 industries. As he says, each has micro-verticals – so under banking, you also have credit unions, regional banks and asset management. You can filter using a vertical lens. If you are a nonprofit, what are the critical models that you need to render and operate your business? Grant planning, program expense, budgeting, personnel planning, membership and events etc.
He then presents on a library of 70 Common templates that partners have developed around use cases in different industries. That is part of a marketplace that Workday is evolving which will not just focus on Planning apps. It will also include apps build on their development platform, Extend and packaged applications that partners have built.
Finally, he provides a glimpse at how Workday is organizing for more of a vertical push.
Nice kickoff to the series in about 25 minutes
