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The industry of 4.0 is changing. Big time. It’s not just about the internet of things (IoT), but about the digital transformation of all industries and our modern way of life. As a result, we see an increase in the amount of data being generated, shared, and processed daily by businesses, consumers, and especially by enterprises.
It has an overall impact on human resource development, labor productivity growth, opportunities for creating new industries, and shifting different tasks from man to machines and robots.
This demands faster, easier access to data with the latest technology as well as new ways to share and analyze this data. The combination of IoT, artificial intelligence (AI) and big data has given rise to the Internet of Things (IIoT) which is fast becoming the Next Industrial Revolution.
With its potential to transform both businesses and society at large, IT departments are tasked with keeping pace with increasing numbers of devices, services, and platforms that need to be accounted for while maintaining productivity, security, and cost-effectiveness.
Many companies are already using Artificial Intelligence (AI)software such as Machine Learning (ML) or Data Mining to better understand their customers or market competitors. But what if you could combine these technologies into one system?
What if you could build an Artificial Intelligence HRM? Well that’s exactly what AIHRM combines: machine learning, artificial intelligence, and human resources management software in one platform.
The combination makes it the go-to solution for enterprises looking to digitize their HRMS from a business standpoint as well as from a software perspective.
What is Artificial Intelligence HRM?
Artificial Intelligence HRM (AIHRM) is a set of software technologies that deliver an intelligent platform for managing human resources. It allows users to create and manage an efficient, high-performing, secure and sustainable HRM solution.
The software automates the process of establishing and managing talent policies, processes, and programs to deliver better results for both employers and employees. AIHRM makes it possible for businesses to conduct effective and informed hiring and onboarding processes, as well as manage candidate pre-screening and hiring processes.
What would be the Benefits of Using AIHRM?
Increased productivity – AIHRM makes it possible to manage a large number of assets, people, processes, and problems from a single platform. This makes it easier for managers to track and understand performance, identify areas for improvement, and plan for the future.
Data-driven decision-making – AIHRM brings immense value to businesses by uniting machine learning (ML) and human resources management software. The software uses ML to understand the context of every situation and make decisions based on this information.
This is beneficial for employees who can expect more personalized feedback and training recommendations based on their performance and preferences.
In his thesis ‘What is Industry 4.0 and what are its implications on HRM Practices? ‘ authored by Anouk ten Bulte, University of Twente says that Industry 4.0 mainly direct impacts in the form of using new technologies like Big Data are foreseen for the HR Practices. He presents following findings for some HR practices:
Changes due to Industry 4.0
skills and knowledge of workers may become irrelevant and this means that job design must keep adapting so that it incorporates the right skills of workers i.e. more technical skills as required for the machines they control or create.
More technical tools will be used in recruitment and selection like for example artificial intelligence to select applications, some also expect full automation of selection
More use of Big Data to assess people´s performance for example with biomedical data or from the machines they control. This requires managers to have knowledge of HR analytics.
Training and education
Mismatch of education and job requirements leads to the necessity of more training on the job to gain the right knowledge for the function.
More flexibilization and individualization of rewards through for example cafeteria points
Implications of Industry 4.0 on HR Practices
His contention is that depends on choice to what extent to adopt it, finally conclude that the biggest impacts for the practices of staffing, including recruitment and selection, and for education and training. In addition, the Big Data component of Industry 4.0 is also expected to have an impact on HR Practices in the form of Big Data analysis.
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The Future of Work with AI HRM
The future of work is computer-assisted, not computer-dominated. As we move further away from the traditional workplace of desk jobs and into the new economy of telecommuting, virtual working, and remote work, the need for flexible and accessible human resources (HR) systems will only grow.
AIHRM addresses these needs with a holistic solution that is easy to use, scalable, and integrated with business applications. The software helps organizations find the best talent, manage employee engagement and create engaging work experiences.
How AIHRM Benefits HRMS from a Business standpoint
Increased Productivity – Businesses expect higher levels of productivity from their employees. With the implementation of technologies that improve efficiency and accuracy, organizations can expect better business outcomes.
For employees, the ability to be productive and efficient will allow them to focus on their tasks without the distraction of HR issues.
Data-driven Decision Making – Decision-making has become more data-driven with the advent of machine learning and artificial intelligence. With AIHRM, businesses can engage their employees with AI-based decision-making that makes sense both for business outcomes and employee experience.
Engaging Employees – When employees interact with HRM software, they are engaging with a wide range of technologies, processes, and decisions that will improve the overall experience for all stakeholders. This can be described as an engagement lens that looks beyond the technical to the emotional and the social.
How AIHRM Benefits from a Software Perspectpton
Improved Collaboration – One of the biggest benefits of AIHRM is increased collaboration for managers and HR leaders. Managers can now make effective and informed hiring and onboarding decisions as well as understand performance by using the same software they use to manage human resources.
More Trusted – Managers and HR leaders can now trust their data because it is collected and processed through AIHRM. This trust is based on data quality and accuracy as well as employee engagement.
Improved Connectedness – With the growth of the internet of things, there is an increased need for access to data anywhere and anytime. With AIHRM, businesses can increase their connectedness with teammates through on-site and remote collaboration.
Wrapping Up – Is AIHRM Right for You?
The future of work is computer-assisted, not computer-dominated. With the implementation of technologies that improve efficiency and accuracy, organizations can expect better business outcomes. For employees, the ability to be productive and efficient will allow them to focus on their tasks without the distraction of HR issues.
Now that you know the benefits of using AIHRM, you’re probably asking yourself: Is AIHRM right for me? The short answer is: yes, it is! Artificial intelligence HRM delivers a comprehensive human resources management solution that can help businesses understand their people and the people they interact with. The software uses ML to better understand the context of every situation and make decisions based on this information.
Is AIHRM safe?
Now that we’ve established that AIHRM is a good decision for your organization, we can move on to examine its safety. The short answer: yes. AIHRM is simply a tool. It can be used to collect data, analyze this data and make decisions. And while it’s not the most secure technology the world has ever seen, it is definitely safer than traditional ways of collecting and analyzing data.
Where can I find out more about AIHRM?
For more information on AIHRM, you may wish to review the following articles and resources: Artificial intelligence HRM and the business case for change – By David Hill Artificial intelligence HRM and the business case for change – By David Hill What is artificial intelligence HRM? – By DavidHill
And last but not least – Is AIHRM right for you?
The short answer to this question is: yes, AIHRM is right for you if you are looking for flexibility, scalability, and autonomy. If you need to collect big data, process it quickly, and act on this data with limited oversight, then AIHRM is the software for you. But AIHRM is not the right tool for everyone.
You should only use AIHRM if you are willing to accept the level of risk involved in using an untested technology. If you are not willing to take that risk, then there are many other technologies that will perform better in this area and will provide a better overall user experience.