Workday Prism Analytics is a solution that offers organizations the ability to merge information from a variety of sources and analyze it to make the right decisions. In addition to providing more comprehensive information sourced from Workday Systems and others, Prism Analytics simplifies the planning, management, preparation for, and even reporting on data in real-time. In this blog, we are concentrating on the process flow of how Workday Prism helps business firms make data-driven decisions using the information collected through analytics, without using its other components.
Such users will be obliged to enroll in Workday Prism Analytics Training if they want to move beyond the basic usage of the tool.
Process Flow: From Data Ingestion to Reporting in Workday Prism
Acquire Data
With the help of Workday Prism, organizations can merge data from multiple databases.
- External Data: External data can be uploaded to the host site or database using user-friendly sFTP upload, REST API upload, or direct data file upload methods. After the uploads are agreed upon, appropriate data loads worth undertaking are kept as the uploads are carried out in a systematic manner that is time-sensitive.
- Internal Workday Data: Internal sources of Workday data can easily be exported using built-in report editors that address business processes, ensuring that data about the processes remains in the analytics environment.
To gain an understanding of data ingestion, you can register for WorkdayTraining and Workday Prism Resources.
Key Insight: The Workday prism analytics can integrate ERP systems (like SAP, Oracle), CRM systems (Salesforce, etc), various relational and non-relational databases (SQL, No-SQL), and flat files (like CSV or Excel.
Data Preparation and Transformation
Following the ingestion of data, Workday Prism has several options that assist the users in preparing or transforming the data ingested.
- The ETL (Extract, Transform, Load) functional capability: Users can perform data cleansing, enrichment, and merging tasks to datasets from different dataset sources.
- Prism Workbench: This presentation module can be employed by users to perform attribute calculations and filtering operations using transformations with restricted programming skills.
- Transformation Stages: Objects, fields in particular, can be manipulated, data can be sorted and combined using joins or unions, while the aggregate functions can be executed to extract useful information.
- Calc Fields: Users can add prism-calculated fields to the data, allowing intensive prism-calculations to gather information useful for operational decision-making.
In addition to theoretical knowledge, all these strategies have to be utilized in practice, please see Workday Prism Analytics Training and Workday Tutorial.
Key Insight: Data is managed in such a way that any further analysis can be advanced – thereby affording organizations specific insights for their business.
Publish the Data Source
Once the data source is ready, it has to be published for use.
- Domain Security Configuration: In the domain, assigned role restriction is given to an individual so that they do not get access to classified or sensitive information.
- Publishing for Reporting: After securing the information, the modified dataset can be published into a prism data source to be used for Workday reports and analytics.
For more data publishing and security configurations, please contact Workday Training and you will be guided on how to use them effectively.
Key Insight: Provides transparency and compliance in data governance, and accessibility of information by various teams within the organization.
Report on Prism Analytics data
Published data sources cannot only be applied to the transformation of reports but are also used in data visualization analytics.
Tailored reports, which include internal Workday data along with external data for creating reports, can also be created – to create a more comprehensive understanding of how the business works in eight levels of the organization.
- Prism Data Integration: Use real-time prism-assembled dashboards with integrated data sources and create an automated process of collecting information and monitoring metrics and trends of organizational performance and activities.
- KPI Management: In Workday, verbal analytics enable the user to analyze a specific metric or activity in the Workday and give feedback in real time using the technology of learning model-based analytics.
In parallel, while you will be improving your report design skills, Workday Prism Analytics Training systematically develops your reporting skills by targeting more complex training in terms of custom reports and dashboards.
Key Insight: Organizations have decision-making capabilities because insights can be generated in real-time including embedded analysis in quantitative, qualitative, and even operational business processes.
Collaboration and Distribution
Workday Prism has collaboration and distribution capabilities such as;
- Collaborative tools: A group of people can perform analytics including the preparation of the data to be as fast as possible to make insight across the organization about the time taken in making that insight.
- The Incorporation of Insights Within Workday: Since intelligence is effective in making decisions, it can be embedded into the Workday business processes through the most important reports or metrics.
Find out more on how to build collaboration features towards your help desk via the Workday Training or check more help articles about a Workday Tutorial there.
Key Insight: All factors and the features that allow for the sharing of insights and collaboration amongst teams make Workday Prism a necessary solution for business agility.
Conclusion: Maximize Business Value with Workday Prism Analytics
Workday Prism Analytics connects and integrates information from multiple platforms like customer relationship management, vendor management, and learning management systems that are specific to an industry, and Workday’s human resources and finance data on one uniform platform. It creates the possibility to collect all relevant data in one dependable place so that in-depth reports can be prepared and processed. It extends the functionalities that users can design data transformation workflows, enforce security policies, and administer data sets through a point-and-click interface without the need to write any code. Workday Prism supports the secure and high-volume integration of data and at the same time provides better insights across the company by giving relevant and up-to-date information for decision-makers thereby improving the level of productivity and the speed of reaching a decision.
Workday Prism is an application that possesses all the functional elements associated with sourcing, merging, modifying, and reporting data. Thus, from analyzing financials to managing the workforce, businesses are improved with this integrated method without compromising on governance and security of the data.
This brings forth consolidated aspects of various data, prunes them, and makes them available right on the spot since the target of Prism is to enable timely and accurate decision-making within organizations. It is advisable for anyone wishing to use this platform to its full extent to take Workday Prism Analytics Training.
