Driving efficiency in auto lending: The power of AI and automation

In an artificial intelligence (AI)-powered world, Human Resources (HR) teams have never been more empowered to create better people-centric experiences. HR has expanded from a solely administrative function—managing employee files and filling vacant roles—to a strategic one. Today’s Chief Human Resources Officer (CHRO) is responsible for building and maintaining company culture and building a workforce that aligns with and can accomplish company goals. They are also trusted with immense amounts of confidential data that must be protected against the risk of cyberattacks. Unfortunately, many of the administrative tasks HR teams are responsible for have remained highly manual and rely on unstructured data from assets such as resumes, performance evaluations, and employee information.

The time and effort required to complete and manage these tasks keeps HR leaders from fulfilling their strategic potential. The HR organization of the future is automated and AI-powered. Previously time-intensive tasks are completed in a fraction of the time, freeing CHROs to utilize their team on strategic, people-focused initiatives. Data that used to live in siloed point solutions and in paperwork are unified in a secure digital HR hub that helps ensure compliance and confidentiality for every employee. Let’s explore some of the key challenges AI can help CHROs overcome and the key qualities of a high-quality automated HR solution.

Overcome tool complexity with a centralized HR platform HR teams are drowning in complex and ineffective technology ecosystems. Employee data is spread across many different applications. Despite the large number of tools teams are being asked to manage, 83% of HR leaders said they don’t have the right HR technology to succeed in the modern era. A centralized, secure, and intelligent HR platform can unify data from legacy digital financial and HR systems—acting as a complement to existing systems rather than a replacement. Generative AI allows team members to ask questions about the workforce in plain language and get data summarized from many different sources. HR professionals are able to do their jobs efficiently and to the best of their abilities working from a complete set of structured and unstructured employee data in a simplified digital environment.