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Workday bets on machine learning with new venture fund

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There’s no shortage of software vendors paying lip service to data science in this analytics-infused era, but Workday is putting its money where its mouth is.

On Tuesday, the company is announcing the launch of Workday Ventures, a new fund it will use to identify, invest in and partner with young startups that apply data-science and machine-learning in the areas of analytics, applications, security and platform technologies.

“We believe the last 10 years of enterprise software have been about migration to the cloud,” said Dan Beck, senior vice president of technology products at Workday. “We think the next 10 years is going to be about machine learning and companies making sense of data.”

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