In this time of uncertainty, many are suddenly looking for technology solutions to keep their businesses nimble, promote collaboration, upskill employees, and generally be more responsive to new industry developments. In fact, two of every three HR leaders are looking for new talent development technology solutions to transform their people and their organizations, particularly now as we are seeing a dramatic shift towards remote work and dispersed workforces.
But the marketplace has gotten noisy—very noisy. There are over 1,000 systems and tools out there for every kind of talent development right now.
Everyone is confused about which technologies to use, and how they’re all supposed to work together. A lot of products look and sound alike, but few work well together, share data or fit neatly into your existing infrastructure. Perhaps that’s why nearly 60% of HR decision-makers said they regretted their technology purchases in a recent survey.
The underlying problem around this technology is that most L&D systems and resources are isolated. They rarely work together or interact to share data, which means they often don’t provide a complete picture of skills (or skill gaps) within the company as a whole. In short, the data around skills and talent development is incomplete and without these accurate insights, HR and business leaders can’t effectively support learning, business, internal mobility, or hiring initiatives.
This guide is meant to help you understand the differences, similarities, and goals of various talent development solutions available in the marketplace today—and how they can work together to create one living ecosystem. It is not a sales pitch, but rather an original analysis, featuring fresh insights from our work with some of the most progressive executives at some of the most innovative organizations in the world.
One early reader, a senior L&D executive who has worked at several leading technology, professional services, and banking firms, said this: “Making investments in L&D technology? You need this.” We hope you find it useful, too.