HR ready to adopt AI potential now

According to a report by The Economic Times, as artificial intelligence (AI) becomes more prevalent in industries, the HR tech space is also adopting this technology to enhance its workflows and offerings. AI-driven features integrated into Human Capital Management (HCM) platforms can improve HR efficiency, productivity, and time savings by automating basic tasks. Advanced AI can further enhance the user experience while automating processes. Darwinbox, for example, has integrated AI into all its modules, providing features that assist in talent decisions, such as candidate search and matching, identifying the best talent fit, recommending internal job opportunities, and predicting attrition risk.

The impact of AI on the HR workforce is significant. The introduction of AI-powered HR tech platforms necessitates a shift in the skills and competencies required for HR professionals. This shift also creates opportunities for individuals to acquire new skills and adapt to working with AI technology. With administrative tasks being automated and streamlined through AI-based technologies, HR professionals can focus on strategic initiatives and higher-value activities.

However, the report highlights concerns regarding the privacy of sensitive data collected by AI software and the potential biases inherent in AI algorithms. These concerns need to be addressed and mitigated to ensure ethical and fair use of AI in HR tech applications.