Table of Contents
Workday Prism Analytics
The business world today moves at a breakneck speed. To manage change, business leaders must extract the most value from their data and disseminate insights to their employees, allowing everyone in the organization to make better decisions. Sadly, companies are having a hard time putting their data to good use, leaving a valuable organizational asset mostly untapped. Due to poor data quality and inefficient processes for sourcing, aggregating, reconciling, and cleansing data, as well as manual reporting, McKinsey & Company discovered that employees across a range of activities can spend about a third of their time on non-value-added tasks. 1.
Want to know more? Click here
Workday Prism Analytics Challenges
Workday Prism Analytics tackles these issues for both finance and HR, while also assisting IT teams in simplifying processes, lowering costs, and reducing the time and effort required to manage legacy systems. Finance and HR now have a data hub built right into the system of record with Workday Prism Analytics, which brings together the data they need while maintaining fidelity, gives decision-makers access without compromising security, and provides intuitive tools that make insights from disparate data sources easier to generate and consume. Prepare to make better business decisions and reach higher levels of performance than ever before.
Complete View of Performance
More than financial and HR data is used by executives, managers, and frontline decision-makers across the firm to make decisions. To gain a complete picture of business success, they require data from CRM, vendor management, LMS, engagement, and industry-specific tools. By bringing all of that data together with integration and data management features, Workday Prism Analytics enables a current, reliable, and unique picture.
Accelerated Time to Insight
When it comes to analytics, business analysts have had trouble gaining access to the data they need to quickly generate insights. Analysts acquire a secure playground of business data with Workday Prism Analytics, which they can prepare, combine, and analyze with point-and-click capability. With powerful auditability and data lineage feature embedded into the platform, users can effectively manage and modify data for reporting, analytics, and planning use cases with no coding or additional licensing necessary. They can then share their knowledge with coworkers and executives who need it.
IT Agility and Efficiency
IT teams become exhausted attempting to respond to business analytics demands, manage shadow access, maintain numerous security models, and install large, costly big-data infrastructures. Workday Prism Analytics enables IT, teams, to create a single security policy with flexible governance that adapts to changing business needs. Because Workday Prism Analytics is completely cloud-based, we handle all of the software maintenance and updates. This enables IT, teams, to deploy Hadoop, Spark, and other cutting-edge storage and processing technologies more quickly while still retaining performance and scalability.
Click here to know more
Key benefits
Security
Security is one of the main advantages.
- Set role-based permissions that adjust as your business changes
- Keep sensitive financial and personnel data in Workday and integrate external sources as needed
Distribution
- Ensure that anybody in your organization has access to data by making reports and dashboards available on any device.
- Democratize data access to anybody within your organization, with reports and dashboards available on any device
Experience
- Transform data into action with analytics and transactions in one system, all linked via a common user interface.
- Take command of how work gets done with simple tools that don’t require coding and a system that’s simple to set up, manage, and maintain.
Bottomline
That’s all for today. If you want to engage with this type of article visit our website. You will get a more informative article here.
Thanks for reading!
