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Global Growth Opportunities in Talent Management Due to Increasing Uptake of Artificial Intelligence

  • Report
  • 38 Pages
  • June 2021
  • Region: Global
  • Frost & Sullivan
  • ID: 5353589
Innovation Culture is on the Rise Because of Increasing AI Adoption in HR Software Solutions, Thereby Helping Enterprises to Achieve Future Growth

FEATURED COMPANIES

  • Ramco Systems
  • Workday, Inc.

This 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. 


Key Trends


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.


Evolution of Digital Technology Adoption in Talent Management


FEATURED COMPANIES

  • Ramco Systems
  • Workday, Inc.

1. Strategic Imperatives
  • 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


2. AI in Talent Management - Key Trends
  • 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


3. AI’s Potential to Transform Talent Management Functions
  • 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


4. The Way Forward and Companies to Watch
  • 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


5. Growth Opportunity Analysis - AI in Talent Management
  • Growth Opportunity 1: Integration of Services to Build Customized Solutions for AI by Leveraging Emerging Technologies
  • Growth Opportunity 2: Enabling Product Design and Value Proposition for Interoperability with External Data Sources
  • Growth Opportunity 3: Augmenting Benchmarking Tools and Capabilities for Monetization

A selection of companies mentioned in this report includes:

  • Ramco Systems
  • Workday, Inc.