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Trends that are going to change the HR industry

Suitable candidates are considered as the assets for organizations. The hardships lead to be more strategic for the HR (human resource) team of organizations because HRs’ role is to recruit not only an employee but also understand if the employee can serve as an asset for the very organization and recruit accordingly.

Nowadays technologies have made HR industry evolving to become more efficient, profitable, and enjoyable for employees. This industry is converting into more productive one with the help of advanced technologies.

Following are some of the trends, which are transforming the industry:

Artificial intelligence (AI): Talent acquisition is one of the important responsibilities of HR departments, but even they cannot be entirely sure about the hiring. Artificial Intelligence technology streamlines this hiring process by relying more on the analytical process instead of by human observations. Also, AI helps in listing relevant interview questions according to the post, employee’s background.

Robotics Quotient: The HR department has many transactional activities that are ideally suited for robotic process automation (RPA). RPA enables HRs to automate tasks that are rule-based, repetitive, and standardized and results in free-minded HRs who can focus on more strategic and innovative functions as talent development, retention, and policy implementation.

Predictive analysis: HRs deal with large quantities of people data. With the help of predictive analytics, HRs need not rely on gut feeling or soft science; they can rely on proven and data-driven predictive models. Predictive analysis enables HRs to forecast the impact of people policies on the well-being and bottom-line performance of the employees.  

Cloud: Cloud applications play a significant role in the HR industry. Functions of organizations need fast and flexible IT frameworks. Cloud is redefining the frameworks and process of working of the organizations. The competitions in organizations on recruiting processes increase data of a number of candidates and push the organizations to move the information to the cloud. Moving data to the cloud makes HRs’ functions more efficient as it lowers the manual works of HRs.

By the advancement of technology, HRs are playing a leadership role in the growth of organizations. As HRs are adopting the change with the help of technologies, the organizations will become smarter and more productive.

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The (E-) Doctor Is In: What Trends to Spot in Healthcare Technology Today

“Disruptive technologies” are the trending watchwords du jour, a catchphrase that encapsulates the displacement of existing market models with change, innovation and upheaval, and this phenomenon is as relevant as ever right now in the field of healthcare and medicine.

Earlier in the year, three behemoth corporate players, who are not traditionally associated with Healthcare— Amazon, Berkshire Hathaway, and JP Morgan Chase— forged a partnership to leverage state-of-the-art healthcare technology to provide to their employees “simplified, high-quality and transparent healthcare at a reasonable cost.”

So what is in the cards for the ever-evolving face of healthcare technology today?

Artificial Intelligence

AI has transformed the way healthcare providers render their services and how patients experience their level of care, in areas such as clinical diagnostic accuracy, acute care rehabilitation, predictive disease analysis, hospital operations, and population health.

It is an area that is teeming with possibilities for growth: by 2035, workplace productivity is projected to spike by as much as 35 percent and surpass the $6 billion mark as AI continues to play an integral part in alleviating physician shortage and patient congestion, as well as adopting more optimal and precise treatment plans.

As patients increasingly want more control over personal healthcare decisions, AI, Deep Learning and digital image content analysis can be tapped to analyze and anticipate disease, devise optimal care approaches and design methodologies of diagnosis and treatment of medical malaise. Pathology and Radiology specialties are in the early stages of AI transformation.

Augmented Reality

Immersive technologies such as Augmented Reality (AR) can be a huge opportunity for advanced visualization for healthcare providers and their patients, with a projected market share of $90 billion by 2020.

 For example, images from a real-world environment such as the OR can be embedded with computer-generated sensory input such as sound, video, and graphics, enabling surgeons to navigate their way around minimally invasive procedures or to develop 3D reconstructions of tumors without resorting to radiation exposure. Virtual apps have also been used to educate patients on the use of AEDs or defibrillators.

Wearables, IoT and Mobile Health Apps

The growing business of preventative care in the form of wearables—whether as part of corporate wellness programs or individual health and fitness markets—is expected to rise to $12.1 billion by 2021.

Remote health monitoring via wearables and mobile health apps could lead to a notable decrease in hospitalizations and ensure that those who need urgent care will have access to it more readily and with greater ease. For instance, the digital contact lens can be worn by diabetics to measure and maintain their blood sugar levels.

The advantages of wearables are diverse: they have user-friendly interfaces and boast of connectivity features such as wireless data transmission, real-time feedback, and alerting mechanisms, granting patients secured access to their health records and providing quicker diagnosis and treatment of conditions such as arrhythmia, asthma, and COPD.

Telemedicine

Although the words telemedicine and telehealth are likely to become obsolete within five years, the use of the latest technology advancements to provide healthcare to patients will become commonplace globally.

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They are deploying different devices like drones and automated identity checker. In warfare, the appearance of AWS or autonomous weapon system has completely changed the scenario.

The U.S. Department of Homeland Security also believes in AI to ensure security in the homeland. The works of DHS spans from border to cybersecurity. So, to control this vast area the inclination to technology is obvious. Previously, DHS tested the facial recognition system to recognize people walking by the White House.

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They published a report mentioning that U.S. Secret Service will be behind the maintenance of this system. This system was installed with the purpose of ensuring security. Through this system, the members became able to check potential threats.

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Ludvig de Knoop, from Chalmers’ Department of Physics, placed a small piece of gold in an electron microscope. Observing it at the highest level of magnification and increasing the electric field step-by-step to extremely high levels, he was interested to see how it influenced the gold atoms.

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The banking industry has seen huge innovations in recent years with the use of technology. To satisfy the demands of the customers, banks are looking for new ways to interact with them and provide better customer satisfaction. Blockchain technology is changing the process of banking along with the concept of game theory to meet customer needs.

Baking as a Service (Baas) is an innovative concept that takes the customer experience to a new level. It has no any restrictions like traditional banking. In today’s era, customers are in need of anywhere anytime transactions, beyond the regular working hours of the banks. 

There is a need for open collaboration since customers are looking for a more open network and shared technologies. Collaboration and consolidation is the key to BaaS. This flexibility of the BaaS model will enable banks to integrate blockchain solutions to solve the issues in the banking sector.

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