Accenture And Workday Collaborate To Help Organizations Move To A Skills-Based Approach To Succeed In The Future Of Work
Portfolio Pulse from Benzinga Newsdesk
Accenture (ACN) and Workday, Inc. (WDAY) have announced an expanded collaboration to accelerate the adoption of skills-based talent strategies using Workday Skills Cloud. This partnership aims to help organizations adapt to changing workforce demands by focusing on skills for business agility and performance. Accenture's research indicates that skilling the workforce is a top challenge for growth. The collaboration includes new offerings such as Accenture's skill proficiency calculator and integrated skills accelerator, leveraging Workday's software and data, along with Accenture's consulting services.
November 14, 2023 | 1:32 pm
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POSITIVE IMPACT
Accenture's expanded collaboration with Workday to offer skills-based talent solutions may enhance its service offerings and market position, potentially leading to positive investor sentiment.
The announcement of the expanded collaboration with Workday positions Accenture as a leader in skills-based talent solutions, which is increasingly important for companies. This could lead to increased demand for Accenture's services and potentially improve its financial performance, positively impacting the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Workday's collaboration with Accenture to enhance skills-based talent strategies using its Workday Skills Cloud could strengthen its product ecosystem and customer base, likely benefiting its stock.
Workday's involvement in the collaboration with Accenture showcases the utility and adoption of its Workday Skills Cloud. This could lead to increased usage and reliance on Workday's platform by organizations, which may translate into higher revenues and a positive impact on the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80