The rate of advancement in the human capital management (HCM) technology sector is accelerating. In order to track the players and their innovations, HRO Today and Alexander Mann Solutions have partnered to release quarterly reports that summarize trends, funding initiatives and other activities that support product innovation in HR.
The robust rate of advancement in human resources technologies increased during the second quarter, with 57 major announcements documented, compared to 36 in Q1. Three areas of technology development with particularly high levels of activity were: mobile capabilities, Artificial Intelligence (AI), and platforms that facilitate communication between employers and employees/candidates.
In what ways are these technologies impacting the future of HR?