Rapidly evolving digital ecosystems are forming the next defining phase of enterprise disruption. Digital ecosystems, and the businesses within them, are starting to bridge markets and redraw industry maps.
Of course, there’s a threat from potentially disruptive new entrants. But large enterprises can also make use of their scale and technology heft to take disruption into their own hands. And cloud is a key enabler here. By operating as part of a real-time community in a multi-tenant cloud environment, enterprises are able to drive a more disruptive agenda at speed and scale. This was simply unattainable in the on-premise world.
Those collaborative opportunities, empowered with a common platform, open up new horizons of business value. Just as Workday Recruiting is integrated with a number social recruiting sites, it connects to a host of providers along the value chain such as assessment, background checking, advertising, search, mobile recruiting, and analytics vendors.
This approach—having a network of partners that are an extension of its business and a way to create a platform on which others can also discover and generate value—is now moving into new areas. For instance, for the educational sector, Workday Student helps higher education institutions meet targeted enrollment goals through data-driven insights related to a potential student's academic success at their institution. It’s seamlessly unified with Workday Financial Management and Workday HCM, and is a mobile-first system that provides end-to-end student and faculty lifecycle information to help colleges and universities advance their institutions and enable student success.