July 2025
Intermediate to advanced
416 pages
10h 52m
English
book
Human Capital Analytics
by Deepa Gupta, Mukul Gupta, Pawan Budhwar, Jim Westerman, Rajesh Kumar Dhanaraj, Balamurugan Balusamy
Content preview from Human Capital Analytics
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1Human Capital Analytics in Industry 5.0: Opportunities and Challenges
Veena Grover1*, Manju Nandal2, Divya Sahu1 and Mahima Dogra1
1Department of School of Management, Noida Institute of Engineering & Technology, Greater Noida, Uttar Pradesh, India
2Department of Management, Chandigarh University, Chandigarh, India
Abstract
For the past 10 years, the industry has been provided with Industry 4.0 to address the challenges and shortcomings; ultimately, the time has come for Industry 5.0. It is concerned with augmenting the digital shift with more effective and efficient collaboration between humans, machines, and systems within their digital ecosystem. Human capital analytics (HCA) incorporates this technology to make the most efficient use of a limited but valuable part of resources. The HCA is a traditional method for analyzing and effectively utilizing people’s data by shifting from viewing HR as an organization’s supporting arm to viewing HR as a source of revenue. The objective of this chapter is to describe the most significant potential for HC analytics in Industry 5.0 using the fundamental concepts of key technologies, such as artificial intelligence (AI), the Internet of Things (IoT), and big data analytics. This article discusses a few essential aspects and difficulties that every firm may encounter when it comes to Industry 5.0. There is also a discussion of the benefits and drawbacks of Industry 5.0, as well as future research prospects and applications made obtainable ...
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