Most large companies have implemented an integrated set of administrative human capital management applications. Now, these companies are turning their attention to strategic talent management applications to get more value from their investments in people.
Executive, IT, HR and vendor needs are aligned to support the emergence of a new suite of strategic HR applications, which we call talent management application suites. HR and IT organizations should assess their companies' talent management needs to take advantage of this market evolution.
Next-generation workforce analytics will help companies gain more insight into how they derive business value from human capital. However, HR organizations will be challenged to build and implement new skills, tools and techniques to be successful.