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Unleashing the power of AI in HR: Elevating business success and impact

• By Rhucha KulkarniSmriti
Unleashing the power of AI in HR: Elevating business success and impact

In a world defined by the rapid convergence of technology and global interconnectivity, HR's role transcends conventional administrative functions. Recent research highlights the profound impact of AI-driven HR strategies; higher levels of employee productivity, workforce agility and resilience, workplace efficiency and business excellence. AI-powered HR Transformation is fundamentally redefining how HR partners strategically with business. Organisations must, therefore, leverage the power and potential of AI. 

But getting started on this is no easy feat. And so in partnership with Akrivia HCM, we hosted an exciting webinar recently where we explored how leading organisations can prepare for an AI-driven HR landscape. 

The current AI landscape

The past decade has seen many start-ups venture into the AI landscape to attract, engage, retain and develop talent. Srinivas Reddy P, SVP & Head of Human Resources, Pristyn Care, believes that this is just the beginning and AI is going to be the ‘next leap’. Pooja Minocha, Vice President HR & CHRO, Bata India Limited agreed that AI is indeed enabling faster decision-making for the HR fraternity, thanks to free and customisable tools to build one’s own AI. Nikhil Bhat Inanjai, Vice President Operations, Akrivia HCM added to this by highlighting how HRIS has grown from basic HRMS systems to WhatsApp-and-email-integrated HCMs which is why emphasised scrutiny and human touch while utilising AI. 

Pooja agreed, “It is important to know how to use AI and how far we want to go with it to ensure that it is brought to good use. We should explore and integrate, but always ensure we are on the right side of the law from data-protection and compliance angles.

How to implement and integrate AI-powered HR Tech? 

Nikhil shared that the key success factor in AI adoption is how the employee or end user uses it seamlessly. Companies must: 

AI in the cultural context

At the moment, AI is at a nascent stage. Srinivas believes that AI will really help set up the right organisations and industries, but our human skills will need to change in tandem. Pooja encourages HR leaders to envisage a 3-5 years journey for HR upskilling. HR must find opportunity areas by closely working with SMEs, and identify what skill sets and technology will enable the larger organisation. “An intellectually human way of working is focusing on making our skills more human”, shared Pooja.

AI and machine learning would become regular ways of working like today’s usage of email and videos. To cut the clutter of multi-channel communication, HRs must think about how to host communication on one platform. The future lies in consolidating tech tools for better administrative efficiency and building better synergies, to make life easy for employees. By balancing this human factor, HR leaders will move more towards strategic decision-making. 

Today, HR professionals are truly partnering with the business. But Srinivas asked, “Are we adding value, if yes, how much; if not then why we not?” Over the next decade, HR professionals must understand this closely and upskill themselves. Because the fact remains that skill sets will get upgraded with every technology adaption and adoption. So how can HR take this transformation to the next level? 

Nikhil urged HR folks to ‘keep learning all your life’. The world is changing faster than ever and we are already on the digital journey, so we must make the most of it, and enjoy it while it lasts. Because soon we may see humans finding a need to detox from digital and become more human. It will come a full circle. Srinivas also suggested to ‘keep sharing with each other’. After all, taking the AI Journey forward is a step-by-step process, seeing how AI is successful, and then planning for the next phase.