Workday Advances Into Augmented Analytics with Stories.bi Acquisition

  An example of how customers can get deeper insights with Stories.bi.

An example of how customers can get deeper insights with Stories.bi.

July 17, 2018 - Pete Schlampp, Vice President, Workday Analytics, writes: At Workday, we’ve been heavily investing in expanding the breadth and depth of our analytics capabilities by delivering robust solutions, including the addition of Workday Prism Analytics, which equips customers with faster, more intelligent ways to uncover true business insights from the growing volume and variety of data across their organizations.

And today, I’m excited to announce that we are taking another step forward in our analytics journey with the acquisition of Stories.bi, one of the most innovative players in the analytics space.

Stories.bi specializes in augmented analytics, a powerful approach that leverages machine learning and artificial intelligence technologies to automate analysis and deliver insights into what’s happening in a business. Stories.bi takes this a step further by identifying topline trends, issues, or opportunities in the organization, and then delivers personalized insights to a business user in a conversational, headline form such as “Actual shipments were $283,000 behind plan last quarter, 62% of which originate in Singapore.” From there, a user can go deeper to easily understand the drivers behind the headline—such as how this compares to previous quarters or the reasons for the change—and understand which actions they should take next. More...