After the Industrial revolution 4.0, Artificial Intelligence (AI) along with other technologies has picked up its pace in India.
Organizations have been gathering the data gaining insights to predict future behavior. AI and automation are considered to have an impact on Human resources. The new system is based on data and analytics facilitating decision making boosting efficiency.
Raising the question among the leaders, Sudhir Mishra, Founder & Managing Partner, Trust Legal asked How can we take care of not letting technology intervene the human interventions?
In response, Garima Pant, Head-Employer Branding, Internal Communication, and Campus Relations and HRBP (Channels) Human Resource, Sony Pictures Networks India said, “Technology such as AI is to complement human beings. For instance, it can help one plan their leaves.”
As for any organization, employees are their assets. “Technology can be helpful in elevating the employee experience,” she added during a panel discussion at BW Businessworld 5th HR Excellence Awards 2020.
Whereas Group Chief HRO, Yuvaraj Srivastava of Go MMT Group said, “Definitely, technology improves productivity. But not every organization can jump to AI.” For various startups or small companies, it is not practically possible to include these technologies in their organizations. Agreeing to him Mishra of Legal Trust said, “It’s better to achieve a scalable level and then incorporate such technologies in their system.”
To this Akshay Mehrotra, Co-Founder and CEO of
EarlySalary.com said, “As we’ve just started, we have 300 employees. To EarlySalary, technology is measuring the employee’s contribution to runtime.”
Earlysalary.com is a machine-learned based platform that allows employees to get salary advance in real-time, making the decision in milliseconds. From application to payment, EarlySalary transfers money to the employee's accounts in 10 minutes.
