| |August 20218AI IN HR: ESSENTIAL STEP TOWARDS ORGANISATION'S DIGITAL TRANSFORMATIONBy Sayed Peerzade, Group CIO, Reliance EntertainmentSayed is an Information Technology veteran with over 20 years of successful experience in national and global level technology operations, cloud technologies, product development, bringing innovative technologies for business, and business ideations through Digital transformations.Expert Opinionompanies form HR departments to handle hiring and compensation. Soon, HR leaders will find themselves tackling retention, performance management, culture and a myriad of other responsibilities. And now CEOs are asking them: What's your AI strategy?The short answer is: AI will transform HR creating a lean department that is less intrusive yet more impactful. But how? HR Analytics is a Must for Any Large CompanySoftware has eaten the world and now AI is eating software. The first application of AI is advanced analytics, enabling companies to have instant access to insights. HR analytics is also the first AI use case HR professionals need to explore.However, HR analytics comes with its challenges. HR has long been a field dominated by psychologists and liberal art majors. HR departments mainly focused on managing wage and benefits costs on the quantitative side. As companies grew, HR started focusing on qualitative aspects of a company like culture and motivation. However, now we are asking these departments to improve their data quality, complete data science projects and understand their workforce. This is a major challenge. How can HR tackle this?An alternative is to invest in off-the-shelf data science tools like Google Tensor-flow and hire data scientists to look into patterns in HR data. The other alternative is to work with HR analytics vendors who can set up advanced analytics systems for your organisation. While a Fortune 500 company will probably require some in-house data science activities, smaller companies can work with HR analytics solutions. Despite these challenges, numerous companies are rolling out HR analytics programs and highlighting their successes such as the ones below:CSayed Peerzade
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