The Impact Of AI On HR & Recruitment | Executive Summary

Foreword

For two days in June 2017, 1,500 attendees and 120 speakers came together for CogX London 2017, exploring the impact of AI on government, industry and society.

Our inaugural CogX annual innovation exchange and awards successfully drew together vendors, policymakers and investors to improve understanding of the state of AI and some of the major issues surrounding it. Feedback was overwhelmingly positive.

“The best AI event I’ve ever been part of!”
Daniel Hulme, CEO, Satalia

This executive summary has been prepared to provide a preview of what’s available within our full report. Alongside faithful reflection of the insightful content of our speakers, our own team has added facts and reflections to inform readers’ understanding.

Charlie Muirhead, CEO and Founder, CognitionX

In Partnership With

Accenture Applied Analytics

Accenture Applied Intelligence, part of Accenture Digital, applies artificial intelligence (AI) and human ingenuity at the core of business to help clients become intelligent enterprises and solve their most complex business problems. By deploying AI responsibly and combining it with our deep industry and analytics expertise, we enable the digital transformation of organizations, extend human capabilities, and make intelligent products and services a reality. Follow @AccentureAI and visit accenture.com/appliedintelligence.

Background

Jobs and working practices are changing as are the skills most sought after by leaders of businesses. Human capital management is an increasingly data-driven industry. Managers are hungry for tools like predictive analytics which can help them make better decisions.

HR is an industry undergoing serious disruption. Relative to other sectors, the number of AI M&A deals per quarter is accelerating according to CB Insights and companies are readily introducing AI technologies into their HR business processes.

Many of the established human capital management platform vendors (e.g. Oracle, SAP Successfactors, Workday) have been enhancing their offerings with machine learning and predictive analytics.

Some AI companies (e.g. UiPath, Automation Anywhere, Textio) are being quickly adopted by major companies and emerging as key players in the HR tech market.

Recruitment is the single biggest area of activity but there are use cases across the whole employee lifecycle.