We have been following the HR technology marketplace for almost 20 years now, and I believe we are entering a period of change and disruption unlike ever before.
Of course I don't like making such bold statements, but this time I have some evidence. As I recently wrote in great detail in the article "The HR Software Market Reinvents Itself," the explosion of mobile platforms, analytics, artificial intelligence, video, and of course the expansive growth of social platforms is totally redefining the way we work. As we described in the Human Capital Trends 2016, organizational structure, leadership, and most of the talent practices we've written about are being reinvented. Along with these changes, the technology market is being disrupted as well.
While most companies are well along buying new cloud-based platforms for core HR and talent management, a whole new industry of app-centric tools has emerged. These products (and vendors) are very innovative, they focus on teams not hierarchy, and they deliver employee experiences that are engaging, fun, and very useful.
I wont detail the entire article in this blog, but I encourage you to read it – and stay tuned for our report on HR technology disruptions in the coming months. Many of us are preparing for speaking engagements at various HR conferences around the world, so I look forward to seeing you there and sharing what we're observing.
This is shaping up to be an exciting summer and big Fall season in the area of HR technology, and we look forward to talking with you about how these trends impact your business.