India Inc can save millions by using HR technologies: Experts

NEW DELHI: Use of modern HR technologies can help India Inc improve productivity and save millions of dollars by optimal use of human resources, say experts.India commands a nearly $600-700 million slice from the global pie of $54 billion human resource technology market. Even though HR technology is still nascent in India, it has already achieved a base of $0.5 billion according to a research by Everest group.Tremendous forces are radically reshaping the workplace which are leading the companies to change their traditional human resource (HR) processes to new technology driven methods.”The shift to HR applications in the cloud and artificial intelligence to use predictive data analytics has the potential to transform the entire HR landscape by taking away transactional roles and replacing them with strategic partnering roles…,” says Jagjit…

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