New technologies and the power of machine learning are disrupting the way businesses plan. Bhaskar Himatsingka, senior vice president of technology at Workday, discusses what it all means for organizations.
Every day, there's a new statistic on the growing volume of data in the world: terabytes, petabytes, even yottabytes. Clearly the data tsunami is here. What does this mean for the enterprise?
For one, it’s going to impact how our organizations plan for the future. I recently sat down with Bhaskar Himatsingka, senior vice president of technology at Workday and an expert in business planning, to better understand the effects. He discussed how new technologies and the power of machine learning will change the way businesses plan—and help them take advantage of all that data.
Listen on SoundCloud: How New Technologies Are Disrupting Business Planning
Listen on Apple Podcasts: How New Technologies Are Disrupting Business Planning
Below you’ll find a few highlights from my conversation with Himatsingka, edited for clarity. You can find our other Workday Podcasts here.
“Business planning is how organizations model what they anticipate or want their business to look like. As time progresses, you see how you're doing against what you had modeled, and then you analyze why things may or may not be different in the new remodel. It’s about helping companies turn strategies into execution.”
“One thing we love to say is everybody plans. The other thing we love to say is planning is a way to give you a 360-degree view of your organization: the past, the present, and the future.”
“In this changing world, businesses have to be agile. If you want to succeed, I would say even survive, you will be left behind if you're not agile and if you're not able to course-correct quickly.”
More Reading
We’re delighted to share how our professional services customers are planning with agility, finding efficiencies in finance, and improving the employee experience. Read on to learn this year’s category winners for the Workday Industry Innovation Awards.
While the opportunity for AI in finance is nearly unlimited, it can also be overwhelming. To clarify a path forward, we created the “Global CFO AI Indicator Report,” commissioned with FT Longitude.
Franklin Templeton’s acquisition of Legg Mason doubled its assets under management—and provided an opportunity to transform how its finance team works. Read more in this conversation with leaders from Franklin Templeton and Workday.