Role of HR and the entire organization in talent management in the upcoming 4th Industrial Revolution

The Fourth Industrial Revolution depicts the accelerated alterations as to how we live, work, and relate to each other due to the implementation of computer network-physical systems, the Artificial intelligence, and IoT. In our manufacturing plants and places of work, as we incorporate smart innovat...

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Main Author: Sudarsanan, Samay
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2020
Subjects:
Online Access:https://eprints.nottingham.ac.uk/59475/
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author Sudarsanan, Samay
author_facet Sudarsanan, Samay
author_sort Sudarsanan, Samay
building Nottingham Research Data Repository
collection Online Access
description The Fourth Industrial Revolution depicts the accelerated alterations as to how we live, work, and relate to each other due to the implementation of computer network-physical systems, the Artificial intelligence, and IoT. In our manufacturing plants and places of work, as we incorporate smart innovations, networked systems interact, conceptualize the entire production chain, and make independent decisions. It is anticipated that such a revolution will influence all professions, sectors, and markets. Even as this is in some ways an expansion of the 3rd Industrial Revolution (Digital Revolution) technology and automation due to speed, scope and system impact of the fourth revolution changes, it is considered the new and next age. With skill replacement by Artificial Intelligence being inevitable, role of Human Resource (HR) has become more challenging and crucial. With higher competition, human workforce is locking horns with technology and system to stay ahead in the race. The expectations of organisations are ever rising with cost reduction and increased productivity, HR has been the linking bridge between organisations and manpower. The outcome of this report is to understand the impact 4th Industrial Revolution has on the workforce, how HR has developed different procedures and process to attract new talent and retain existing talent. The methodologies HR has to undertake to develop knowledge and skills of the current talent are also explained in this report.
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spelling nottingham-594752020-08-04T08:00:48Z https://eprints.nottingham.ac.uk/59475/ Role of HR and the entire organization in talent management in the upcoming 4th Industrial Revolution Sudarsanan, Samay The Fourth Industrial Revolution depicts the accelerated alterations as to how we live, work, and relate to each other due to the implementation of computer network-physical systems, the Artificial intelligence, and IoT. In our manufacturing plants and places of work, as we incorporate smart innovations, networked systems interact, conceptualize the entire production chain, and make independent decisions. It is anticipated that such a revolution will influence all professions, sectors, and markets. Even as this is in some ways an expansion of the 3rd Industrial Revolution (Digital Revolution) technology and automation due to speed, scope and system impact of the fourth revolution changes, it is considered the new and next age. With skill replacement by Artificial Intelligence being inevitable, role of Human Resource (HR) has become more challenging and crucial. With higher competition, human workforce is locking horns with technology and system to stay ahead in the race. The expectations of organisations are ever rising with cost reduction and increased productivity, HR has been the linking bridge between organisations and manpower. The outcome of this report is to understand the impact 4th Industrial Revolution has on the workforce, how HR has developed different procedures and process to attract new talent and retain existing talent. The methodologies HR has to undertake to develop knowledge and skills of the current talent are also explained in this report. 2020-07-24 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/59475/1/Nottingham%20University%20-%20Management%20Project%20-%20Final%20Dissertation%20-%20Samay%20Sudarsanan.pdf Sudarsanan, Samay (2020) Role of HR and the entire organization in talent management in the upcoming 4th Industrial Revolution. [Dissertation (University of Nottingham only)] artificial intelligence human resource automation technology development
spellingShingle artificial intelligence
human resource
automation
technology development
Sudarsanan, Samay
Role of HR and the entire organization in talent management in the upcoming 4th Industrial Revolution
title Role of HR and the entire organization in talent management in the upcoming 4th Industrial Revolution
title_full Role of HR and the entire organization in talent management in the upcoming 4th Industrial Revolution
title_fullStr Role of HR and the entire organization in talent management in the upcoming 4th Industrial Revolution
title_full_unstemmed Role of HR and the entire organization in talent management in the upcoming 4th Industrial Revolution
title_short Role of HR and the entire organization in talent management in the upcoming 4th Industrial Revolution
title_sort role of hr and the entire organization in talent management in the upcoming 4th industrial revolution
topic artificial intelligence
human resource
automation
technology development
url https://eprints.nottingham.ac.uk/59475/