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Innovation Culture is on the Rise Because of Increasing AI Adoption in HR Software Solutions, Thereby Helping Enterprises to Achieve Future Growth
02-Jun-2021
Global
Market Research
PBB5-01-00-00-00
IT04335-GL-MT_25478
This Frost & Sullivan research service examines the role artificial intelligence (AI) will play in the transformation of the talent management space. As the industry continues to evolve from point applications to integrated solutions, AI capabilities will become the core of talent management solutions. The study identifies key AI trends impacting the industry, including the convergence of and the adoption of multiple sensing and analytics technologies, the increasing use-cases of chatbots, and the growing importance of social media analytics. The research service studies AI-based potential use-cases within the talent management life cycle and identifies the potential impact of AI on HR functional areas such as recruitment, learning and development, and performance management. The study also discusses digital adoption in talent management and lists companies to watch out for in this space. In conclusion, growth opportunities are mapped for talent management solution vendors, including the monetization of benchmarking tools and product interoperability with external data sources.
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Use of AI in Talent Management
Growth Opportunities Fuel the Growth Pipeline Engine™
Evolution of AI in Talent Management
Trend 1—The Convergence and the Adoption of Multiple Sensing and Analytics Technologies are Accelerating AI Adoption in Talent Management
Trend 2—Increasing Use-cases of Chatbots in Talent Management
Trend 3—Growing Role of Social Media Analytics in HR Processes
Trend 4—Rising Importance of Solutions that Provide AI Analytics-driven Insight
Trend 5—Customized Integration of Data from Third-party Sources to Create a Data Repository
Integration of AI/Ml Capabilities Across HR Processes to Build Talent Management Solutions
Potential Impact of AI on Talent Management Life Cycle Processes
Recruitment
Learning and Development
Performance Management
Employee Engagement
Employee Payroll
Evolution of Digital Technology Adoption in Talent Management
Evolution of Digital Technology Adoption in Talent Management—Use-cases
The Way Forward
Company to Watch (Talent Management)—Workday, Inc.
Company to Watch (Payroll)—Ramco Systems
Growth Opportunity 1: Integration of Services to Build Customized Solutions for AI by Leveraging Emerging Technologies
Growth Opportunity 1: Integration of Services to Build Customized Solutions for AI by Leveraging Emerging Technologies (continued)
Growth Opportunity 2: Enabling Product Design and Value Proposition for Interoperability with External Data Sources
Growth Opportunity 2: Enabling Product Design and Value Proposition for Interoperability with External Data Sources (continued)
Growth Opportunity 3: Augmenting Benchmarking Tools and Capabilities for Monetization
Growth Opportunity 3: Augmenting Benchmarking Tools and Capabilities for Monetization (continued)
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Hemangi Patel |
| Industries | Information Technology |
| WIP Number | PBB5-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9705-C1,9658 |