On May 19, Workday Inc. (NASDAQ:WDAY) unveiled Illuminate AI Agents, a new generation of AI-powered tools aimed at accelerating hiring, enhancing frontline worker experiences, and streamlining financial processes. Designed to boost productivity, these agents integrate Workday’s responsible AI foundation and extensive HR and finance expertise.
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"The key to unlocking real business value with AI is to actively reshape the very core of how businesses operate," said Gerrit Kazmaier, Workday’s President of Product and Technology. Built on a dataset of over 1 trillion annual transactions, these AI tools turn data into actionable intelligence, improving decision-making, compliance, and efficiency.
Workday's new Illuminate AI Agents enhance various business functions, including hiring, legal workflows, finance, workforce management, and procurement. The Contingent Sourcing Agent speeds up temporary hiring, while the Contract Intelligence & Negotiation Agents streamline contract reviews and risk detection. The Document Driven Accounting Agent automates financial data extraction for billing and invoicing, and the Frontline Agent helps manage shifts and ensure compliance. The Self-Service Agent assists employees with inquiries and task automation, while the Supplier Contracts Agent optimizes procurement by analyzing agreements to align with contract terms.
NetApp has reported millions in savings using Workday’s AI, underscoring its real-world business impact. Workday’s Agent System of Record enables seamless deployment, while Illuminate AI, powered by vast HR and financial datasets, ensures AI solutions align with real business needs. By focusing on practical AI applications, Workday reinforces its leadership in enterprise AI, delivering measurable value and driving business transformation.
While we acknowledge the potential of Workday Inc. (NASDAQ:WDAY) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WDAY and that has 100x upside potential, check out our report about the cheapest AI stock.
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Disclosure: None.