Human Capital|March 2019
Keeping pace with the ever-changing dynamic environment will become a way of work. The future belongs to those who are able to effectively deal with these disrupters, and adapt themselves and their strategies with the change.
We are taking rapid strides towards an era of transformation where AI, Automation, Big Data, and IoT will or would have already begun to dominate the way things are done around businesses and the HR function. Prime discussions are focussed around replacing human intelligence with AI, automating processes or workflows, using big data to arrive at useful insights, and lastly, leveraging IoT within the existing way of working. The intent behind this is to derive solutions towards enhancing productivity, and bringing forth greater efficiency to the business.
Disrupters to transform the HR function
AI technology: Many organisations have begun incorporating AI technology in their talent acquisition process, such as during the initial screening of candidates and scheduling interviews with various stakeholders. Thus, they are putting an end to investing too much time and effort to ascertain the initial level of fitment as well as the endless coordination with various stakeholders to schedule interviews. Another big leap in deploying AI technology has been through the recently launched Talex by Tech Mahindra, the first AI-based technology to manage the talent management process. This technology matches candidates' profile with suitable job openings within the organisation, considers their previous assignments, educational background, skills, manager ratings, self-rating, as well as awards and accolades for endto-end talent management processing.
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