The global market for AI-driven recommendation engines will grow from about $800 million in 2017 to $4.4 billion by 2022, a compound annual growth rate of 40.7 percent, according to a report from the research firm MarketsandMarkets. Driving the growth is an increasing focus on enhancing consumer experiences and the continuing rise in digitalization. In […]
Artificial intelligence is no longer the future – it’s creeping into HCM technology even as we speak. But it’s also in a hype phase, where to appear cutting-edge, vendors and customers must talk about things like “machine learning” and “recommendation engines” if they want to be taken seriously. Here’s where we try to sort it all out.
An informal poll hints that practitioners and other end users of HCM technology like the idea of HR becoming bolder and striving to have more impact on their organizations’ business strategy and results, themes emphasized in a speech given Monday by Johnny C. Taylor, Jr., the Society of Human Resource Management’s new CEO. Speaking to […]
While HCM technology vendors trumpet their advancements in artificial intelligence and analytics, it appears their customers’ executives are increasingly nervous about the possible repercussions of relying on flawed data or analytics. According to KPMG’s “Guardians of Trust” report, just 35 percent of executives have “a high trust level” when it comes to the way their […]
One of the most promising tools for truly measuring engagement is growing its presence in Europe and now entering the U.S. KeenCorp, headquartered in Rotterdam, the Netherlands, integrates its software with company email systems to gauge how employees feel at any given moment. Unlike surveys, it requires no effort by employees and, by layering into […]
So far, 2017 seems to be the year of the HCM technology startup. Before the end of 2016, the sector had hit an annual all-time high in deal counts, according to CBInsights, with nearly $2 billion invested. From what we can see, the issues these new companies are trying to address are all over the […]
Two-thirds of chief executives surveyed by IBM say cognitive computing will “drive significant value” in Human Resources. On the surface, that implies they’re more bullish on the technology than HR leaders. The company’s report says only 50 percent of those believe cognitive systems could potentially “transform key dimensions” of their departments. The report, by IBM’s […]
Every year begins and ends with predictions about the dramatic developments we should expect to see in business, politics and life in general over the coming 12 months. The world of HCM technology is no different, and since November we’ve read more articles about what disruptions to expect in the space during 2017. And, to […]