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Generative AI in Talent Management
Generative AI Advancements are Driving Transformational Growth Opportunities in the Talent Management Industry
11-Dec-2024
Global
Market Research
PFNA-01-00-00-00
IT_2024_1186
The human resources function faces significant disruption as artificial intelligence (AI) technologies mature. While the chief human resources officer organization has been adopting digital technologies to drive greater integration, automate processes, and improve workflows, Generative AI (GenAI) now offers the potential to create a transformative impact.
GenAI creates opportunities to drive greater productivity and deliver personalization in employee interactions, resulting in a better employee experience. By evaluating priority use cases applicable to the organization and harnessing the full spectrum of GenAI applications, leaders can enable a transformative change that ensures strategic insights, effective decision-making, cost optimization, and enhanced employee experience.
While the GenAI integrated technology landscape will have a significantly positive impact on organizations to create a strategic advantage, human resources practitioners and IT teams need to ensure they focus on a broad spectrum of considerations for effective deployments. This Frost & Sullivan analysis provides insights into the overarching shifts and potential for GenAI deployments.
Author: Kiran Kumar Vijaya Kumar
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Generative AI (GenAI) Industry
Growth Drivers
Growth Restraints
Key Strategic Priority: Driving Better Talent Strategies
HR Organizations Increasingly Leveraging Digital Technologies
GenAI Driving a Paradigm Shift in Digital Capabilities
The GenAI Disruption
GenAI: A Key Disruptive Technology for Enterprises
GenAI to Create Significant Value for the HR Organization and Stakeholders
Drivers for GenAI Implementation
VAs to Create Significant Value for Organizations to Enable Better Customer Experience, Employee Experience, and Operational Efficiency
Assessing the Impact of VAs
Rapidly Evolving VAs' Landscape to be Pivotal in Value Creation for Employee Experience
HR Functions Increasingly Embracing GenAI
GenAI’s Degree of Disruption Analysis
Recruitment and Talent Acquisition
Employee Onboarding and Engagement
Learning, Development, and Training
Performance Management
HR Operations
Way Forward
Company to Action: Workday
Company to Action: Infosys
Company to Action: Infosys (continued)
Trend: AI Integration and Ecosystem Partnerships to Strengthen Value Proposition
Trend: AI Integration and Ecosystem Partnerships to Strengthen Value Proposition (continued)
Trend: AI Integration and Ecosystem Partnerships to Strengthen Value Proposition (continued)
Trend: AI Integration and Ecosystem Partnerships to Strengthen Value Proposition (continued)
Trend: AI Integration and Ecosystem Partnerships to Strengthen Value Proposition (continued)
Trend: AI Integration and Ecosystem Partnerships to Strengthen Value Proposition (continued)
Growth Opportunity 1: Generative AI Implementation Services
Growth Opportunity 1: Generative AI Implementation Services (continued)
Benefits and Impacts of Growth Opportunities
Action Items & Next Steps
List of Exhibits
Legal Disclaimer
List of Figures
- GenAI in Talent Management: Growth Drivers, Global, 2024–2029
- GenAI in Talent Management: Growth Restraints, Global, 2024–2029
- Importance of Hiring and Talent Retention Efficiencies in the Next 1 Year, Global, CY 2024
- GenAI’s Disruptiveness in the Next 2 Years, Global, CY 2024
- Key Implementation Drivers for GenAI, Global, CY 2024
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