In between researching for last quarter’s GetRank report, HR in the Cloud, and attending the recent Gartner Symposium focusing on the future of IT, one thing became evidently clear: smart machines will play a huge role in the future of business.
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Whether it’s a smart building controlling the lighting, a virtual personal assistant being able to gather and analyze a person’s data, or a computer taking over writing tasks, smart machines and new technologies are poised to make a big impact on business in the next few years, especially when it comes to who (or what) is doing the work. On the immediate end of the scale, HR software is now equipped with analytics that can gather and interpret data about employee performance, giving insight into employee behaviours and predicting likely contenders for salary increases or job promotions.
Contributing to GetApp’s quarterly report, Brian Westfall, senior market research associate at Software Advice, says: “the growth of workforce analytics, especially in the small to mid-sized business space, is huge. Once relegated to the biggest corporations, this business intelligence-like functionality is allowing companies of all sizes to use data to gain greater insight into their workers-predicting employee success, retention, and future leaders. It’s all part of the push with big data, and has huge disruptive potential in HR software.”
According to a study by Software Advice regarding the use of HR analytics software, 37 percent of businesses surveyed are already using software to help them make better hiring decisions, a number which will only increase as cloud-based analytics systems continues to undercut the cost and functionally outperform more expensive, legacy software.
On the more forward-thinking side of the coin, Gartner’s top predictions for 2016 were littered with references to robotics, smart machines, and digitization taking over work from humans. One prediction says that by 2018, more than 3 million workers will be supervised by a roboboss, while another says that 50 percent of the fastest-growing companies will have less employees and more smart machines by that same year. So, will your next boss be a machine? If you put the idea of smart software using analytics to predict future employees together with the notion of smart machines… you never know.
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section] If you want to ramp up your HR processes with analytics, check out some the the top 25 HR applications in our HR software GetRank. [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]