As 2021 begins, we are looking at the new year with a mix of optimism and uncertainty. While the steady stream of vaccines becoming available is causing optimism, the pandemic is still ravaging in full steam and the ‘second wave’ is bringing lockdown back in many countries. The pandemic’s impact on the business environment has created a few unmistakable trends. Visibility is low and there is uncertainty about demand in many industries. This has accelerated the move to digital.
Companies are investing in cloud technology, online training, digital delivery, e-commerce, logistics and customer success initiatives. The focus for new investments is on improving operational efficiency, improving agility and ability for people to work anywhere. Here are some of the trends expected in 2021.
#1 EMPLOYEE ENGAGEMENT, HR TECH BECOMES ESSENTIAL
Even before the pandemic, the move to digital was driving executive decisions to reshape their workforce. The pandemic has accelerated this trend. Companies are investing in digital marketing, customer experience and sales. Remote work has increased the need for employee engagement and HR tech to facilitate employees and managers get things done.
As more jobs have moved ‘virtual’, the applicant pool has surged. HR sometimes is receiving 10 times the number of applicants they used to receive previously. We expect investment in AI for recruitment to increase in 2021. Candidate sourcing and candidate rediscovery are two areas where AI is expected to play a key role.
Esta historia es de la edición January 2021 de DataQuest.
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Esta historia es de la edición January 2021 de DataQuest.
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In India, with over 1.4 billion people, traditional education struggles to meet the needs of a growing population. Sixty-five percent of the populace is under 35, yet lacks the skills crucial for a modern economy. McKinsey estimates that 450 million workers need upskilling by 2030 to match industry demands. Urgent innovation is required to bridge the gap between potential and opportunity for India's future prosperity.
Hey car, activate autopilot mode! Explore the future of driving
The roar of the engine is fading, replaced by the hum of innovation. The automotive industry is undergoing a revolution, powered by cutting-edge technology. Buckle up as we shift into high gear and explore how advancements in electrification, connectivity, and artificial intelligence are reshaping the way cars are built and driven. We'll dive into the latest tech trends and hear from Vinod Khode, Group Chief IT Officer, Varroc, a leading auto parts manufacturer, about how they're using these advancements to stay ahead of the curve. In conversation with Minu Sirsalewala, Executive Editor, Dataquest.
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With a wealth of experience and expertise, C Chandru, the CEO of Smelters at Hindustan Zinc Limited, has been instrumental in steering Hindustan Zinc towards technological advancements and operational excellence. In this exclusive interview, we discuss the innovative approaches adopted by Hindustan Zinc, exploring its evolution from traditional smelting methods to the integration of cutting-edge technologies such as AI, drones, and IoT. Join us as we uncover the insights and strategies driving Hindustan Zinc's success in the ever-evolving landscape of smelting technologies. Excerpts
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