This appeared last week:
Workday unveils generative AI suite to streamline operations
By Chris Griffith
3:57PM September 28, 2023
Workday has announced a rollout of new generative AI
applications that aim to automate the operation of corporations worldwide.
Applications will generate job descriptions based on defined
skill sets, analyse and correct the fine print of contracts, draft personalised
letters to employees about company policies, and automate the creation of
notices for overdue bills, taking into account the tone to be used.
Managers can create a summary of employees’ strengths and
areas of growth, based on performance reviews, employee feedback and skills,
and generate statements of work for faster procurement of services.
Generative AI can also help companies create their own apps
using a “developer co-pilot”, a text-to-code feature for building finance and
people management apps in-house.
Workday says the new generative AI applications will be
available in six to 12 months.
Formed in 2005, the California-based firm has come a long
way from providing basic human resource services such as payroll and leave
tracking to offering automation using AI to more than 10,000 organisations.
“With the power of artificial intelligence and machine
learning, and an ecosystem of industry-leading partners, we are writing the
playbook for the way the future works,” said Carl Eschenbach, Workday co-CEO.
Co-president Sayan Chakraborty said generative AI could
transform work as we know it. “When applied responsibly, it has the power to
elevate performance and to free up time to focus on the valuable work we really
want and need to be doing.”
Workday says its AI models have been trained on more than
625 billion transactions processed each year.
Businesses can choose to upload or not upload anonymised
data for AI training purposes.
It comes as technology rivals march into the AI space.
Microsoft this month quietly launched its AI “copilot” platform at
several of Australia’s biggest companies, including NAB, AGL and Suncorp, a
move that aims to generate tens of billions of dollars in savings.
Workday made its announcements at the start of its three-day
Workday Rising conference in San Francisco. Its keynote saw founding CEO Aneel
Bhusri hand over the reins to successor Carl Eschenbach, saying “Don’t screw it
up”. Mr Eschenbach formally takes over in February.
The company’s hour-long keynote address was mainly theatre,
with a video address by rock legend Billy Idol, who featured in Workday’s Super
Bowl ad, and an interview with pioneering cinematographer James Cameron of
Terminator, Titanic and Avatar fame, who seems set to add generative AI
techniques to his large creativity toolbox.
Workday’s HR management system is based on matching the
skill sets of employees with jobs to find suitable candidates.
Employees can discover promotional opportunities based on
their current skills and gain new skills for career advancement. Managers can
identify talent from across an organisation when they assemble teams using a
managers’ insight hub, says Workday.
At an earlier “responsible AI” workshop, the company said
there were “guard rails” around its use of AI and cited security, privacy and
the removal of AI bias as paramount concerns.
Workday said it would never use video surveillance or covert
measures when collecting data.
Link here:
https://www.theaustralian.com.au/business/technology/workday-unveils-generative-ai-suite-to-streamline-operations/news-story/0a473424894d063c88590e67171d56fe
I have to say I did not expect live use applications to be
off and running quite so quickly but there you go!
In Alan Kohler’s weekly review I think we saw an apt summary:
“So things are starting to really rattle along with AI, confirming
the view I’ve had all year that we’re at the beginning of something very big,
and earth-changing.”
Here is the link ($$)
https://www.eurekareport.com.au/investment-news/weekend-briefing-edition-36-2023/152957
I really think the game is changing – and we are even
working on talking to the whales - see:
Can AI help us
speak to animals? Part one
Microphones and new
AI are being deployed to understand the non-human world
Here is the link:
https://www.ft.com/content/418bca4c-8ee1-45c9-952b-cad33c4839a4
There is more going on than one tiny brain (mine!) can cope with
that is for sure!
David.