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 Analytics, AI & Cognitive Tech will be next frontier for HR
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Analytics, AI & Cognitive Tech will be next frontier for HR

Agency News

New Delhi, Aug 7 : A future-ready digital workforce needs to accelerate effectiveness in learning, recruitment, performance, and talent management, and emerging applications like AI, Robotics, Blockchain in the context of work.

It was revealed in a three-day HR & Work Tech conference, People Matters TechHR 2019 which launched an exclusive research report based on the digital agendas of India Inc organizations titled "State of HR Technology India 2019-20".

The conference, which concluded on August 3, hosted over 3,000 HR & business leaders, 125 HR & work tech solution providers, 153 global speakers, 34 HR & work tech startups, 20 mentors and investors, and over 53mn media impressions, bringing the best of content covering “Performance and productivity” and “Innovation and growth”.

Leena Nair, CHRO, Unilever said, “We have to digitise while making our companies, and institutions more human. The more digital you become, the more human you need to be.”

Speaking about the enabling role of technology with examples in learning and well-being she said, "For every dollar spent on employee wellness, an organisation saves 2.5 dollars. If you are not investing in 100 hours a year in learning, you are falling behind.”
People Matters, in its pursuit to enable the people & work community to find answers for the challenges of tomorrow, provided actionable data through the exclusive research with more than 250 leading corporates to uncover how organizations have evolved in their digital agendas.

The study highlights the understanding of automation levels in different aspects of talent management and also entails companies’ investment plans in HR technologies and how can they future-proof HR teams for digital transformation.

Other key findings of the Report highlighted that HR technologies are not only improving the efficiency of the HR processes but empowering employees as 58 percent of Indian organisations will invest in technology to enable employees and managers to self-manage people processes this year.

There has been a ubiquitous increase in the adoption of HR technology, which testifies the progression of Indian companies towards the age of digital disruption in the HR space as well.

Communication & Collaboration, Employer Branding observed a surge in HR technology adoption by 21 percent and 17 percent respectively. However, strategic functions like HiPo identification and management, succession planning, and strategic workforce planning are least mature in terms of technology adoption.

As per the study, 75 percent of organisations will increase investment in HR technology wherein 20 percent companies have allocated a budget of more than one crore in FY2019-20 which is a 35 percent increase from FY2016-17.

Global dignitaries and leaders in their respective fields like Piyush Pandey (Chief Creative Officer Worldwide and Executive Chairman India, Ogilvy), Anil Kumble (Former Cricketer and Padma Shri Recipient), Leena Nair (Chief HR Officer, Unilever), Holger Mueller (Vice President and Principal Analyst, Constellation Research), Hod Lipson (Professor of Engineering & Data Science, Columbia University), CP Gurnani (Managing Director & CEO, Tech Mahindra) were among the high profile speakers for the conference.(UNI)