70% of Early AI And Blockchain Tech Adopters Sees Major HR Production Increases: Gartner Report

    Companies that choose to integrate artificial intelligence (AI), blockchain, or a combination of the two are seeing a huge uptick in cost savings and improved analytics to manage employees.

    Blockchain technology and artificial intelligence have created major gains for 70% of early adopters. Research shows that there has been substantial emerging and developing solutions with these technologies.

    The use of blockchain technology, as well as artificial intelligence, has been adapted to fit many sectors. A recent article by Gartner states that these two technologies could end up helping HR leaders, adding that over 40% of the large organizations in 2022 will end up using solutions with AI and blockchain.

    Matthias Graf, the Senior Director Analyst for Gartner, stated,

    “Our research shows that although HR AI and blockchain solutions are far from mainstream, they are definitely emerging and developing – and are here to stay.”

    Director Analyst Seyda Berger-Böcker of Gartner remarked that the industry is now entering a place that is filled with AI and blockchain augmented work. Berger-Böcker added that there are already 70% of the early adopters today that state that they’ve seen major gains in their own HR productivity with this technology.

    The areas that may see the most progress with the use of AI include:

    • Large volumes of the tedious tasks that have yet to be automated
    • Massive amounts of data and data sources that usually use enormous HR capacity to develop insights
    • Complex decisions that could be impacted by the risk of human error
    • Employee and candidate touchpoints

    As far as blockchain, the recent article with Gartner says that use cases involving data with blockchain include areas like payroll, privacy regulations, and employment/taxation regulations.

    In order to get any of these benefits, HR leaders have to act, and Gartner noted five specific ways to smooth out the use of this technology, like embracing the technology as it is with the limitations presently in place and focusing on the business problems, rather than finding technology solutions. The publication also encourages leaders to be willing to experiment and understand the importance of data involved in adoption.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Krystle M
    Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Cash is King in Coronavirus Ravaged Economy But Bitcoin is “Next in Line to the Throne”: Hedge Fund Manager

    Mark Yusko, the CEO at Morgan Creek Capital Management says coronavirus is unleashing a once in a lifetime downturn. Yusko appeared on CNBC’s “Trading Nation”...

    Bitcoin’s is Gold 2.0; Billionaire Chamath Palihapitiya Lays Out BTC’s Path Forward in Macro Backdrop

    In the latest episode of The Pomp Podcast, host Anthony "Pomp" Pompliano had Chamath Palihapitiya, the CEO of Social Capital as a guest who...

    Binance ‘Leak' Signals Possible Bitcoin Options Trading Launch On The Exchange

    The competition across cryptocurrency exchanges in the crypto derivatives markets is heating up to a boiling point as yet another big player hints at...

    BTC Isn’t a Hedge Against Stock Market’s Poor Returns or Coronavirus But US Dollar & Inflation: BitGo CEO

    In 2020, Bitcoin has been following stock markets religiously, so much so that their correlation went to a new high. But now, the flagship...

    Netflix's ‘Tiger King' Villian, Carole Baskin at The Big Cat Rescue Accepts Crypto Donations

    With the Coronavirus (COVID-19) running rampant in the United States, Americans are drooling over the hot new docuseries on Netflix; “Tiger King: Murder, Mayhem...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.