Digital disruption is no longer a buzzword; the world of AI and emerging technologies (bots, robotics, augmented reality, blockchain, etc) is changing the workplace at a rapid pace. This can all be incredibly confusing for the HR professional. Should you really expect robots, drones, and chatbots to completely take over humans over the next couple of years? And what should HR professionals be doing around this?
The reality is that the rate of digital disruption is increasingly fast, rapid and ferocious. No longer are the large technology companies leading this change but nimble agile start-ups are coming up with solutions corporates are not even aware of. Lowers costs, rapid deployment, integration with all existing HRIS and a heavy focus on predictive analytics is changing the People Tech environment at an astonishing rate. Acquiring the necessary insights & advantages to staying ahead of the pack is proving to be a challenge even to the most proactive business leaders and HRDs.
The impact of disruption on the Employee and Talent agenda can be categorized around five broad categories namely:
- Costs and Productivity
- Employee Experience
- Employee Retention
- A Strategic HR function
- Culture Building