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Workday & AWS Forge Data Cloud Alliance
16 Jun
Summary
- Workday's HR and financial data will integrate with Amazon Web Services.
- Developers can access Workday data directly through AWS.
- Bank of America resumed Workday coverage with a neutral rating.
Workday Inc. recently announced a new integration between its data cloud and Amazon Web Services (AWS), a move poised to benefit developers and customers. This collaboration will enable developers to leverage Workday's extensive HR and financial data directly within the AWS environment. Consequently, users will find it easier to access critical data without the need for complex connections or data movement.
Key Workday tools, including Workday Data Lake and Workday Data Connect, are slated for early access availability to AWS customers. This integration is anticipated to accelerate AI development by providing faster, more secure AI solutions built on trusted data. Workday's Chief Technology Officer, Gabe Monroy, highlighted that developers can now focus on product innovation rather than data infrastructure.
Separately, on May 27, Bank of America Securities resumed coverage of Workday Inc. with a Neutral rating and a $140 price target. While this coverage offered a temporary stock boost, the price has since returned to its previous level, suggesting limited immediate upside for investors based on this assessment.
