(Greenwich Time, 4/20/17)
Clouds are in the forecast for a rising number of human-resources systems.
Some 53 percent of enterprises will rely on cloud-based or hybrid platforms for their HR networks by 2020 — more than double the number that do today — according to a new report from Stamford technology research and consulting firm Information Services Group. Evolving strategies by major enterprise-technology firms and increasing accessibility to cloud systems, which are also known as “software as a service” or SaaS, are spurring the changes. But firms are moving at different speeds in adopting new models.
“The functionality and capability of SaaS is so much better than older ‘on-premise’ solutions, so companies have a strong desire to move in that direction,” Debora Card, ISG’s Detroit-based partner of HR technology and delivery strategies and one of the report’s authors, said in an interview.
Companies are updating their HR systems in large part because providers have shifted their focus to SaaS frameworks, according to ISG analysts.