The arrival of Generative Artificial Intelligence (or GenAI) is – without doubt – one of the biggest disruptions to business since the internet.
GenAI’s meteoric-level impact is only rivaled by its lightning-fast growth.
MarketResearch forecasts the global GenAI HR market will experience a 15.4% compound annual growth rate and spending will double from $477 million in 2023 to $941 million by 2028.
In fact, it’s no understatement to say GenAI is destined to revolutionize the entire talent lifecycle in ways we can’t even fully imagine right now. Already, it influences several key areas of the talent lifecycle and, by this time next year, we’ll probably find it permeating nearly all aspects of talent acquisition as we know it.
But does al this mean GenAI will ultimately take the human out of human resources and talent acquisition in particular? After all, talent acquisition is a people business at its core.
Well, here’s my take on it – Not by a long shot.
In fact, I believe GenAI’s adoption is actually going to open a lot of new doors for talent professionals, both by freeing them up from repetitive, transactional work and by presenting radically new career opportunities.
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