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Human Resources New Technology Quarterly Summary 2019 Q2

Human Resources New Technology Quarterly Summary 2019 Q2

HRO Today

To review the original article click here 14th Aug 2019

SharedXpertise, publisher of HRO Today, and Alexander Mann Solutions, one of the world’s leading providers of talent acquisition and management services, have partnered to release the Human Resources New Technology Quarterly Summary: Q2 2019.

The purpose of publishing these quarterly reports is to track and analyze the most recent advances in technology and in funding initiatives aimed at supporting product innovation in HR.  This information reveals critical insights into new technology, their applications and the companies offering them in the human capital management technology sector.

The second quarter of 2019 saw 66 major announcements for advancing technologies to support HR, of which 22 were product related. 

With most of the announcements around funding for small or start-up organizations, it's evident that private equity and venture capital firms continue to be investing heavily in HR technology. In Q2 of 2019, investment deals hit over $560 million dollars, excluding product announcement investment.

The report explores how HR practitioners can sort through the noise of ever increasing technology choices. Andrew Wayland, Chief Technology Officer of Alexander Mann Solutions, writes about the importance of choosing the partner with the right solution for their business. 

No facet of the consumer or business world is immune to the opportunities presented by rapidly advancing technological evolution. However, within the talent acquisition and management sectors, the speed of digital transformation is particularly swift.

"Business leaders are bombarded with messages that they must be investing heavily in AI and robotics across their business or be left behind by their competitors. However, taking a muddled or overzealous approach to innovation can result in creating a ‘Gordian knot’, where systems and data overlap, clash or don’t connect."

Read the full article, How HR Can Plan for Digital Transformation, in the report. 

This ongoing report not only summarizes technology development activity for the quarter, but also includes a monthly breakdown of major product development initiatives, funding transactions, and mergers and acquisitions.

The exclusive report is available for download by clicking here.

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