Accenture Technology Vision for Workday 2016 People First: The primacy of people in the digital age Workday: At the Heart of the “People First” Agenda This year’s Accenture Technology Vision has “People First” as its rallying cry. Why’s that so important? Because in the digital era, the breakneck pace of technology advancement can come at a price if it detracts from rather than enhances the indispensable contribution that people make to driving value and innovation. That’s not to say that technology isn’t essential. It clearly is, and it’s becoming more so all the time. But the insight from the “People First” theme is that the greatest value arises from the effective combination of people and technology. To fulfill their digital potential, businesses need a workforce that thinks and acts differently, and is empowered to do more. To support that shift in culture requires new ways of managing, measuring, training, organizing, and assembling— and above all empowering—talent to innovate and outperform. In the old world, financial management and human capital management (HCM) systems were just that: “back-office” systems for managing large undifferentiated blocs of people data and financial data. Enabling people in the digital age demands something more: it demands that businesses deliver digital experiences to employees that are equivalent to those they enjoy and expect in their day-to-day lives—using consumerization to create differentiated employment experiences and employee value propositions. They must address the integration of work and personal life, understanding how these two worlds increasingly merge and overlap. 2 It means accommodating the growth of a global workforce that is increasingly made up of project-based and self-organizing teams, and requires seamless teamwork beyond traditional boundaries. Operating with an anytime, anyplace, mentality is crucial. This includes providing mobile access to on-demand services and digital collaboration tools to embrace the changing nature of work. Digital businesses have to be more agile and insight-driven. They have to deliver data across organizational boundaries and put the power to analyze and act on that data in the hands of its people. They must provide the intelligent tools that allow employees to thrive, bringing new ways of working and insights to their day-to-day duties. Today, companies like Workday, a leading provider of enterprise cloud applications for finance and human resources, are changing the way organizations serve, nurture and equip their employees. Service delivery approaches are being completely reinvented with consumer-based, increasingly “mobile first” applications and interfaces that work the way that people want to think, work, and operate. Below we examine the five key trends from this year’s Technology Vision—Intelligent Automation; Liquid Workforce; Platform Economy; Predictable Disruption; and Digital Trust—and provide examples showing how Workday’s technologies resonate with and play out in this year’s analysis. Trend 1: Intelligent Automation We’re seeing organizations embracing automation as a way to secure competitive advantage. Intelligent automation, however, fundamentally changes how people work. Machines’ strengths and capabilities complement their human “colleagues” and change what’s possible. It’s a much broader proposition than simply transferring tasks from people to machines. By weaving systems, data, and people together it creates significant opportunities to do things differently—and to do different things. The cloud is right at the heart of this breakthrough. Its theoretically limitless scale and unprecedented power uniquely enables the proliferation of game-changing analytics that feed the cloud enterprise applications—like Workday—transforming how companies operate. For example, Workday HCM customers easily automate formerly manual HR tasks at scale across their enterprises. As they do so, they free up HR-specialist resources to focus their energies and expertise on securing people-based outcomes that deliver the greatest value to the business. Embedded analytics and self-service capabilities enable Workday customers to shift routine decision-making and administration from the hands of HR into the hands of managers—improving the experience for both. For example, for one global communication company, after the first four weeks of deployment, the new self-service and HR tools caused employee satisfaction to increase by more than 35 percent, and the adoption of dashboards and automation for reporting helped manager satisfaction increase by more than 25 percent. This powerful shift is even more pronounced (and valuable) when automation creates the possibilities for discovering new insights. For example, Workday’s unified finance and HR applications take the work out of sharing people-related data and financial information, allowing managers—who often have the acumen, but have typically lacked the tools or trust in data—to more easily analyze data, glean insights and create or change programs to support business objectives. For instance, they’re able to see the impacts of hiring decisions, sales targets, and performance metrics through one unified solution, and can plan and deploy the right programs at the speed required by digital businesses. One private university in the U.S. that recently implemented financials and HCM expects to benefit from increased realtime, cross-functional reporting (such as measuring personnel costs on grants) as well as stronger controls and more efficient workflow. Another example comes from within Accenture’s own Workday consulting practice. Accenture built the Accenture Client Enablement (ACE) tool for Workday to enable what Accenture calls “hyper collaboration.” The tool is a highly intuitive, transparent, project management, collaboration, and governance application – powered by the cloud. It provides a single environment across global teams, seamlessly sharing key information all in one place, in real time and through personalized dashboards that are adaptable to every team member’s specific role and responsibilities. The result? Better collaboration, tighter governance, higher productivity, quicker decision making and better, faster outcomes—and ultimately project teams that are more focused on strategic implementation rather than administrative activities. And with embedded content mapped to the Accenture Delivery Methodology for every project, new users can be up and running immediately without the requirement for additional training. 3 Trend 2: Liquid Workforce Leaders today understand that a changeready workforce, made up of an adaptable and more fluid mix of people (from contractors to re-skilled employees) is critical to their organizations’ success. This is what we call the “Liquid Workforce.” But building and managing this new liquid workforce is very different from traditional approaches. It requires flexibility in everything from hiring, to scheduling, to training, in order to react quickly to changing business demands. This new-style talent also brings very different expectations. In order to attract, build, and retain the liquid workforce that organizations must have to prosper, they have to deliver the right experiences and interactions in a seamless, unified manner. That means businesses need be able to identify the new must-have capabilities for their workforce, as well as the best ways to attract, recruit, train, and retain people. As work evolves to become a more fluid, projectbased experience—in which teams coalesce, and disassemble, before moving onto new projects—the ability to understand where talent resides within their organization, and beyond it, becomes increasingly critical. With all these challenges, new systems for success in the digital economy must combine engagement, automation, insight, and record. They need to have the power, flexibility, and rapid scalability that only the cloud can provide. Little wonder then that human resource management solutions are following the Workday lead and increasingly moving to an as-a-service model.1 of which were consistent and some of which were manual—for more than 115,000 employees across 37 countries and in six languages. Accenture helped create and convert the data into one global system of record on Workday, providing the company key insights into their workforce, as well as creating a solution that can scale with company growth. Workday HCM helps companies address all of these challenges by offering a seamless experience from recruiting to onboarding to enabling talent. In addition, its embedded analytics and data visibility across a single system helps companies quickly find the available information they have built up across their systems. This in turn enables them to create a detailed picture of their requirements for specific projects and assignments. That end-to-end view of the talent pipeline offers organizations unparalleled insight into their key retention risks on a project-by-project basis, and supports effective build vs. buy strategies for talent management. In the digital era, speed of adaptation is critical. Cloud-based applications are much more flexible and easy to change than traditional on-premise technologies. Given the speed of change, Workday customers are investing in change management capabilities to support rapidly evolving business strategies, people programs, and workforces. Workday also offers a truly consumer-like experience for users, which matches their interactions with all of the other digital services they use every day. But it’s not only in routine HR administration that applications and digital content can make a real difference. Workday Learning, for example, moves away from traditional “learning management systems” by encouraging users to select relevant training modules quickly and easily, and access them in the most relevant context. Notably, users can also upload their own content and start communities of interest around specific issues, challenges and opportunities. The need for one global system of record is no longer a luxury, it is a requirement for businesses to thrive and empower their workforces. For example, a global automotive parts company had more than 30 different systems of record across the world—none 1. The Business Applications Landscape 2016 To 2020: SaaS Disruption And Vendor Proliferation February 1, 2016 4 Trend 3: Platform Economy Across every industry, we’re seeing leaders unleashing the power of technology with new technology platforms. Beyond that, the new business models and ecosystems that these platforms enable are driving profound global macroeconomic change. In the digital economy, these new ecosystems provide a whole new way to create value. This is equally true at the micro-level as organizations leverage platform-based solutions to solve complex, highly-evolving operational needs. customers can create pools of the talent they need and then seamlessly source (from traditional internal and external channels, as well as social media integration with LinkedIn, Glassdoor, Facebook, Indeed. com, and others), interview, hire and onboard. The system brings together internal and external hires, which is critical for organizations that rely on internal mobility to grow a rich workforce. Similarly, Workday Learning connects training needs with various traditional and social channels. It’s this philosophy that guides Workday’s approach. For example, Workday built its Recruiting and Learning capabilities expressly as complete solutions designed for every user in the process. For Recruiting, rather than first understanding hiring needs and then addressing talent pipelines, Workday Recruiting integrates the needs of candidates, hiring managers, recruiters, recruiting teams, agencies and HR all within a single technology. Starting from workforce planning capabilities, Workday Accenture helped a leading North American energy company consolidate diverse legacy HR solutions into a unified system, resulting in a single source of truth for more than 9,000 employees and managers.. Accenture executed the transition with live recruiting candidate data—and went live during the company’s peak recruiting cycle in a seamless manner—optimizing the recruiting process and the ability to make faster hires, as well as providing improved data integrity and enhanced security. 5 Trend 4: Predictable disruption Rapidly evolving digital ecosystems are forming the next defining phase of enterprise disruption. Digital ecosystems, and the businesses within them, are starting to bridge markets and redraw industry maps. Of course, there’s a threat from potentially disruptive new entrants. But large enterprises can also make use of their scale and technology heft to take disruption into their own hands. And cloud is a key enabler here. By operating as part of a realtime community in a multi-tenant cloud environment, enterprises are able to drive a more disruptive agenda at speed and scale. This was simply unattainable in the onpremise world. Those collaborative opportunities, empowered with a common platform, open up new horizons of business value. Just as Workday Recruiting is integrated with a number social recruiting sites, it connects to a host of providers along the value chain such as assessment, background checking, advertising, search, mobile recruiting, and analytics vendors. This approach—having a network of partners that are an extension of its business and a way to create a platform on which others can also discover and generate value—is now moving into new areas. For instance, for the educational sector, Workday Student helps higher education institutions meet targeted 6 enrollment goals through data-driven insights related to a potential student’s academic success at their institution. It’s seamlessly unified with Workday Financial Management and Workday HCM, and is a mobile-first system that provides end-to-end student and faculty lifecycle information to help colleges and universities advance their institutions and enable student success. To get an idea of its potential, imagine if every student at a U.S. university used Workday Student to support their progress from university application to admission. By using that information in combination with existing data on university employees, the universities themselves are able to predict and plan their own resource allocation far more effectively than they could have ever done before. Looking ahead, Workday Student will not only connect students with university systems, but also provide greater visibility into curriculum management, student records, academic advising, financial aid, and student financials. As the connection between university and student continues to strengthen, once isolated processes and competitive organizations will become further linked and work together to create benefits that can only be dreamed of today. Trend 5: Digital Trust As every area of business digitizes, big opportunities follow, however, so do big risks. Each digital advancement imperils business in new ways. In this world, digital trust is foundational. Without it, businesses can’t operate and make use of the data underpinning everything they want to do. Trust means more than just security (although that’s obviously critical). It also entails privacy and ethical handling at every stage of customer and employee data. Trust is integral to Workday’s business model and to its ongoing success. Workday was created a cloud first and cloud only service from inception to address the inherent risks of providing an internet facing application storing and processing some of the most sensitive and regulated data on the planet. Its founders understood that to be successful, security, privacy and compliance must be woven into the fabric of its culture. A common misperception, however, is that the cloud creates added security risks. This is particularly true when it comes to Workday Financial Management, which is built to equip organizations with the insight they need to operate in a complex, competitive, and fast-paced business environment. Additionally, trust is integral to everything we do at Accenture. We recently implemented the full suite of Workday Financial Management for the 18,000 employees of the private university mentioned previously. In fact, companies are using cloud applications to increase security compliance. What’s more, customer trust is at the heart of many cloud-based solutions, which are fundamental to creating deeper customer relationships across entire value chains. People and technology doing more every day Given the strength of Workday’s flexibility, breadth of functionality, and deep analytics capabilities, companies have access to greater insights on how to adapt and grow in today’s changing business landscape. Making data and analytics tools available to more people, across geographies and organizational boundaries, empowers business to embrace the “People First” vision and do more. But the real power of the Workday approach, and cloud technologies, is the flexibility to adapt and scale its platform to whatever comes next. 7 About Accenture Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions—underpinned by the world’s largest delivery network—Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 373,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com. Contact Beth Boettcher Global Workday Practice Lead Managing Director, Accenture [email protected] accenture.com/techvisionworkday accenture.com/workday #techvision2016 Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. All other trademarks are the property of their respective owners. mc1061
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