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  • Cloud Technology in HR

  • Joel Martin

    Member
    July 19, 2021 at 6:41 PM

    Cloud-based applications are inevitable in today’s business environment.

    Collection and data storage have been so difficult until the evolution of the cloud.

    With the advent of cloud technologies, all information, such as documents and other pertinent data, can be easily accessed online.

    Employee information can be archived and organized in a secure location.

    In terms of market size, human capital management software was valued at an astounding $16.7 billion in 2020 and is projected to reach $24.64 billion in 2026 (Mordor Intelligence, 2020).

    This underscores the significant penetration of cloud-based software in the HR industry.

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