This month we focus on HR technology insights.
Advanced technologies such as artificial intelligence (AI) are inevitable and unstoppable in the near future. McKinsey predicts AI has the potential to create annual value across sectors totaling $3.5 trillion to $5.8 trillion, or 40 percent of the overall potential impact from all analytics techniques.
IDC predicts worldwide spending on cognitive and AI systems will reach $77.6 billion in 2022, more than three times the $24.0 billion forecast for 2018. Times when adopting new technology reactively earned businesses huge competitive advantage have gone.
Companies now need to consider how emerging technologies will affect their business strategies for the future. The collection of top reads (below) uncovers key technology trends that will disrupt business and the HR function, reveals the status of AI adoption in HR, and highlights unintended risks of applying AI to business.
- 2018–2019 HR Systems Survey Results Key Findings
- HR Technology Market 2019: Disruption Ahead
- How May AI Assist You: Conversational AI Agents Can Boost Employee Performance, Productivity and Outcomes
- The Business Case for AI in HR with Insights and Tips on Getting Started