The percentage of companies investing in Big Data and AI initiatives has nearly doubled in the last two years, climbing to 64.8% in 2020 from just 39.7% in 2018, Forbes finds. Yet, for all the stocks placed in the disruptive technology of AI, only 14.6% of firms report that they have deployed AI capabilities into widespread production.
The IT department rose to its fame when information technology and the Internet started being widely used in the organisation back in the 1980s. The rise of the internet created many new business opportunities and laid out a new economic narrative enabling companies to be more connected than ever before, contributing to the globalisation we are still leaving in.
There is a new concept in the data analytics market that introduces the vital continuous flow of intelligence and action, based on real-time, up-to-date information and is designed to compel, to trigger action and engagements with the insights that it generated – active intelligence.
Nordic People Analytics Summit — Last week, a significant event took place, not only for HR and People Analytics practitioners but also for establishing HR as a strategic part in the data-driven business. We already see that HR is progressively going through a transformation from an intuitive and gut-based department to an empowered and intelligent function that can be a true partner of the CEO.
Søren Kold will be presenting on How COVID-19 framed the need for speed in People Analytics at the second edition of the Nordic People Analytics Summit 2020. We had the pleasure to catch up with him on the subject of his NPA Summit presentation, as well as his views on the state of HR and people analytics.
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