isolved announced that it has acquired a predictive people analytics platform, TrenData HR to help business leaders and HR professionals move from reactive to proactive human capital management (HCM). It is a new intelligent connected HCM strategy that will leverage AI-powered process automation.
Through this acquisition, organizations of all sizes will be able to maximize business and people outcomes from their HR data. By aggregating external data sources with information from internal systems, TrendData HR produces powerful visual insights wherever they are needed, and incorporating sophisticated artificial intelligence (AI) models.
Mark Duffell, CEO of isolved, said, “isolved integrates HR processes through an adaptive and mobile-friendly user experience to deliver effective HCM outcomes for employers and employees alike – in the moments that matter and all the interactions in between. TrenData HR substantially strengthens our ability to deliver the benefits of intelligently connected HCM to our customers by maintaining the perfect balance between sophistication and simplicity.”
In addition to providing robust analytics that is visually appealing, TrendData HR also provides prescriptive recommendations and predictive insights that can be used proactively, based on information from multiple, approved sources, including iSolved People Cloud™, An advanced natural language processing (NLP) engine that can even provide these insights using a voice-activated virtual assistant (VA).
Tom McKeown, CEO of TrenData HR, commented, “HR is at the center of organizational change, and although many organizations have an abundance of people data, they only use a fraction of it. Midsized businesses often find that what they do have is neither usable nor visible, and they certainly do not have the people resources to do something about it. Therefore, they are left to reactive decisions based on gut feelings, without the benefit of critical data-driven insights.
He continued, “Together with isolved we change the game. Now, executives prioritizing cost optimization coming out of the pandemic can ask for strategic insights to help them more effectively budget and drive exceptional business outcomes. HR leaders will be able to better understand compliance exposure or how to become more diverse, equitable, inclusive, and foster belonging while business managers can ask questions about future-skill requirements or potential turnover in their teams.”
TrenData HR’s predictive people analytics and conversational interface have been integrated into isolved’s People Cloud, providing every employee with a voice assistant or text assistant. The company’s joint product roadmap will start with a browser and mobile app, and in time, with platforms like Microsoft Teams™, messaging platforms like Facebook’s WhatsApp™, and with IoT devices like the Google Assistant™.