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Avoidance of fines from regulatory bodies and potential costs of litigation.” 2Īconso AG is one of 10 vendors recognized as a Sample Vendor of Digital HR Document Management within the report.ġ Gartner Methodologies “Gartner Hype Cycle,” 2020.Risk mitigation of using dated or incorrect legal forms.Delivery of secured access to data for HR staff to support HR processes.Time saved in searching for information versus manually responding to information requests or compliance audits.According to Gartner, “digitization of HR documents can result in process productivity savings of 15% or greater due to: For example, within the next five to ten years, Digital HR Document Management technologies are expected to reach the Plateau of Productivity. It will help them prioritize investments by providing insights into the maturity of key applications and technologies.” 1 We believe the digital customer journey plays a significant role in this, technology that focuses on the requirements of the user is at the center of attention. The Hype Cycle for Human Capital Management Technology, 2020 provides, “this Hype Cycle informs application leaders who are supporting HCM technology transformations about the latest technological innovations on the market. Hype Cycle for Human Capital Management Technology, 2020 The technology’s broad market applicability and relevance are clearly paying off.” 1 Criteria for assessing provider viability are more clearly defined. Plateau of Productivity: Mainstream adoption starts to take off. More enterprises fund pilots conservative companies remain cautious. Second- and third-generation products appear from technology providers. Slope of Enlightenment: More instances of how the technology can benefit the enterprise start to crystallize and become more widely understood.Investments continue only if the surviving providers improve their products to the satisfaction of early adopters. Producers of the technology shake out or fail. Trough of Disillusionment: Interest wanes as experiments and implementations fail to deliver.Peak of Inflated Expectations: Early publicity produces a number of success stories - often accompanied by scores of failures.Often no usable products exist and commercial viability is unproven. Early proof-of-concept stories and media interest trigger significant publicity. Innovation Trigger: A potential technology breakthrough kicks things off.Gartner Hype Cycle methodology gives you a view of how a technology or application will evolve over time, providing a sound source of insight to manage its deployment within the context of your specific business goals.” 1 Further, “each Hype Cycle drills down into the five key phases of a technology’s life cycle.
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Since 1995, the global research and advisory company has been publishing Hype Cycle research, in which current and future technology trends are mapped in connection with public perception.Īccording to Gartner, the “Gartner Hype Cycles provide a graphic representation of the maturity and adoption of technologies and applications, and how they are potentially relevant to solving real business problems and exploiting new opportunities. Aconso is named as a Sample Vendor of Digital HR Document Management in the reportįrom our view, what the bible is to some the Gartner Hype Cycle is to emerging technology junkies.