So the question of the hour is; are these companies equipped to solve the artificial intelligence (AI) and digital conundrum?
Well, perhaps not.
Less than half the human resources (HR) executives stated in a recently held survey that their companies actually had a digital work plan in place at the HR level.
Again, what is to be noted is that more than two-thirds agreed that HR had undergone or was undergoing a digital transformation.
The Indian segment of a popular International’s latest global ‘Future of HR’ survey ,held on the based 2018 statistics indicated that HR leaders in India show better acknowledgement and recognition for change in HR compared to their global counterparts in various glorified countries. This survey had responses from approx 90 HR executives.
|High towering Intent||Deliberately Slow Change|
|91% HR consider the need for workforce digital transformation important and pursuing||60% companies consider workplace culture top barrier to digital transformation|
|60% are very confident about the HR’s Ability to transform change and move them forward with capabilities such as analytics and AI||37% said that the work culture in their organisation was more task oriented than experimental or ground-breaking innovative|
|67% stated that HR had a very premeditated and strategic role in their business. Note: these companies are more likely to pursue digital transformation||47% HR leaders said talent management will be the primary HR initiative for them over the next few years|
|59% HR executives have invested in human capital management in the last 2 to 3 years||Only 50% HR functions have seen introduction of Artificial Intelligence|
|38% have successfully invested in cloud capabilities||Just 26% invested in AI in the last two year|
|91% said that those who had invested in AI, considered the investment worthwhile||36% who have not yet adopted AI in HR said that they were not at all prepared to respond strategically as AI and digital learning still didn’t emerge for them.|
Business scenario is changing hastily. Most business and HR leaders who participated in the survey have recognised and accepted a serious need for both a workforce and digital transformation. These are therefore keen on bringing in this change as soon as possible by making increased investment in newer disrupting technologies like AI and improved process automations, in the coming future.
Creative Social Intranet uses AI rapidly and hastily in improving employee engagement, employee automated onboarding, digital workplace,etc.