Just like finance spreadsheets were a major breakthrough for finance departments, Artificial Intelligence (AI) is expected to change how HR will operate in the future. Several companies already leverage AI to screen resumes, but recent AI technological developments, such as voice and image recognition, are expected to expand capabilities and create $100 billion of value in HR in the next 20 years.
Sample AI Applications for HR
The market is gradually exploring AI-based solutions, and increased AI adoption in HR is expected after early adopters realize and disclose operational gains. Although nearly 85% of companies believe that AI will be a competitive advantage, only 5% are currently investing in AI. Google estimates that AI can streamline operations of more than 10 million organizations around the globe.
This report is part of the Human Capital Management (HCM) Minute series. To view all featured Minutes, please click here.
Additional Contributing Author: Rodrigo Adissi
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