When browsing through the news headlines of computer weekly,
came across a very interesting article regarding cloud computing and it’s
persistent integration to various daily practices. As cloud computing
technology continues to progress, every day there is more and more news of
bigger companies using cloud computing as a means to increase efficiency and
productivity, and as a result major companies overseas in Europe are taking
advantage. Workday, a cloud service company, has just announced that they plan
to change the way they look at financial tasks by competitively offering
entirely cloud based financial and accounting software.
Chano Fernandez, the president for Workday in Europe, says
that there is huge opportunity to expand it’s financial management technology
on a global scale, saying it has twice the sizeable market as their main human
resources market. Although this is noted as a breakthrough, many industry
analysts are weary of the company’s actions, and whether their future will
actually be as bright as it may seem. Workday, as the article states is a very
young company, and since it’s founding in 2005 truly made their success from
nothing. As apparent as their future success may be, many executives are still
skeptical because even though they have made a competitive name for themselves,
companies like SAP and Oracle have much larger customer bases, experience in
the market, and of course company recognition.
“Workday is still on the journey of internationalizing their
business. Compared with the size of the overall business, it is still a
teenager in Europe in terms of maturity,” said Wilson. It’s clear that Workday
has really taken the spotlight as far as found attention as they plan to internationalize
their cloud financial software, it just seems more realistic for companies like
Oracle, or SAP to take their idea and apply it to their current customer base,
and as a result sort of piggyback off the success that Workday has tried to
bring to themselves.
Out of the
few articles I read, this really stuck in my head as the most powerful one.
Although my post does not do it justice, this truly is a breakthrough in
technology, it’s just so newly found that we wont see it’s true success until
he future when it becomes more integrated. Companies every day are pushing the
limits and status quo of cloud computing, and with more advancements comes more
discoveries, and these brand new advancements haven’t even reached to the US
yet. Think back no more than a decade or two ago, when major financial companies
would use ledgers, journals, and paper and entirely human operated financials
in accounting financing and other sectors. Now in 2014, we’re seeing such
advancement that numerous cloud
companies are offering software to increase productivity and efficiency in the
financial and HR department in these European enterprises. With that all being
said it continues to blow my mind how the world of cloud computing, and the market
that holds it moves forward with such great strides, most cannot keep up with
the advancement.
http://www.computerweekly.com/news/2240217646/Workday-sees-big-opportunity-for-cloud-financial-management-in-Europe
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