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Workday (WDAY), Salesforce Unite to Enhance Workplace Efficiency
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Workday, Inc. (WDAY - Free Report) recently inked a strategic partnership with Salesforce, Inc. (CRM - Free Report) to revolutionize workplace efficiency and employee satisfaction. Together, these industry leaders are set to unveil a cutting-edge artificial intelligence (AI) employee service agent designed to automate tasks, provide personalized support and deliver data-driven insights across organizations.
The collaboration will integrate Salesforce’s state-of-the-art Einstein agent platform with the Workday AI to introduce the new AI service agent that is anticipated to offer a seamless employee experience accessible across both platforms. This agent will likely utilize large language models to provide contextual assistance to employees by communicating with them in natural language.
Additionally, the agent will leverage a powerful shared data foundation using the Salesforce Zero Copy Partner Network to deliver relevant, conversational responses to employee queries. From streamlining onboarding processes to managing benefits and facilitating career development, the AI agent aims to enhance productivity and employee satisfaction.
Moreover, in handling complex cases, the AI employee service agent will transfer to the appropriate individual for resolution while retaining full context and history for a seamless hand-off.
This collaborative approach, where humans and AI will likely work together in unison, promises to unlock new opportunities for organizations seeking to align their customer-centric strategies with their internal operations seamlessly. By leveraging unified data from Salesforce CRM and Workday financial and HR systems, the AI employee service agent is expected to help businesses enhance data visibility, improve decision-making capabilities and take a more holistic approach to managing their operations.
The strategic partnership will bring together the two most widely used cloud platforms in business to transform work and create new employee experiences powered by generative AI, thereby boosting workplace efficiency. Additionally, Workday will enhance its integration with Slack, facilitating seamless access and collaboration on financial and HR records directly within Slack's interface.
Shares of Workday have lost 3.0% over the past year against the industry’s growth of 22.5%.
Image Source: Zacks Investment Research
Zacks Rank and Key Picks
Workday currently carries a Zacks Rank #3 (Hold).
A couple of better-ranked stocks in the broader industry have been discussed below.
Ooma, Inc. (OOMA - Free Report) offers cloud-based communications solutions, smart security and other connected services. The company’s smart software-as-a-service and unified-communications-as-a-service platforms serve as a hub for seamless communications and networking infrastructure applications. It currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
It delivered a trailing four-quarter average earnings surprise of 8.90%. In the last reported quarter, Ooma delivered an earnings surprise of 27.27%.
Telephone and Data Systems, Inc. (TDS - Free Report) , sporting a Zacks Rank of 1 at present, provides wireless products and services, cable and wireline broadband, TV and voice services to approximately 6 million customers in Chicago.
In the last reported quarter, TDS delivered an earnings surprise of 145.45%.
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Workday (WDAY), Salesforce Unite to Enhance Workplace Efficiency
Workday, Inc. (WDAY - Free Report) recently inked a strategic partnership with Salesforce, Inc. (CRM - Free Report) to revolutionize workplace efficiency and employee satisfaction. Together, these industry leaders are set to unveil a cutting-edge artificial intelligence (AI) employee service agent designed to automate tasks, provide personalized support and deliver data-driven insights across organizations.
The collaboration will integrate Salesforce’s state-of-the-art Einstein agent platform with the Workday AI to introduce the new AI service agent that is anticipated to offer a seamless employee experience accessible across both platforms. This agent will likely utilize large language models to provide contextual assistance to employees by communicating with them in natural language.
Additionally, the agent will leverage a powerful shared data foundation using the Salesforce Zero Copy Partner Network to deliver relevant, conversational responses to employee queries. From streamlining onboarding processes to managing benefits and facilitating career development, the AI agent aims to enhance productivity and employee satisfaction.
Moreover, in handling complex cases, the AI employee service agent will transfer to the appropriate individual for resolution while retaining full context and history for a seamless hand-off.
This collaborative approach, where humans and AI will likely work together in unison, promises to unlock new opportunities for organizations seeking to align their customer-centric strategies with their internal operations seamlessly. By leveraging unified data from Salesforce CRM and Workday financial and HR systems, the AI employee service agent is expected to help businesses enhance data visibility, improve decision-making capabilities and take a more holistic approach to managing their operations.
The strategic partnership will bring together the two most widely used cloud platforms in business to transform work and create new employee experiences powered by generative AI, thereby boosting workplace efficiency. Additionally, Workday will enhance its integration with Slack, facilitating seamless access and collaboration on financial and HR records directly within Slack's interface.
Shares of Workday have lost 3.0% over the past year against the industry’s growth of 22.5%.
Image Source: Zacks Investment Research
Zacks Rank and Key Picks
Workday currently carries a Zacks Rank #3 (Hold).
A couple of better-ranked stocks in the broader industry have been discussed below.
Ooma, Inc. (OOMA - Free Report) offers cloud-based communications solutions, smart security and other connected services. The company’s smart software-as-a-service and unified-communications-as-a-service platforms serve as a hub for seamless communications and networking infrastructure applications. It currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
It delivered a trailing four-quarter average earnings surprise of 8.90%. In the last reported quarter, Ooma delivered an earnings surprise of 27.27%.
Telephone and Data Systems, Inc. (TDS - Free Report) , sporting a Zacks Rank of 1 at present, provides wireless products and services, cable and wireline broadband, TV and voice services to approximately 6 million customers in Chicago.
In the last reported quarter, TDS delivered an earnings surprise of 145.45%.