Fosway Group, an HR industry analyst firm primarily focused on the UK and European market, just published its Fosway 9-Grid™ for Learning Systems for 2024 in which SAP SuccessFactors is again named a Strategic Challenger. According to Fosway, Strategic Challengers provide solid performance with solutions that have a richer and broader suite of capability than most other solutions in the Fosway 9-Grid™. The potential axis highlights Fosway’s view on the vendor’s future trajectory within the Fosway 9-Grid™ analysis, so it is based on the vendor’s progress relative to their own position and relative to the market as a whole, rather than the other solutions in the zone.
The 9-Grid™ is a five-dimensional market analysis based on:
- Potential - the solution’s scope and sophistication
- Performance – the solution’s market performance, and customer success and advocacy
- Presence - the solution’s presence in the enterprise market, including size of the customer base
- Total Cost of Ownership - the full cost of acquiring, implementing, and operating the solution, including both internal and external costs
- Future Trajectory - a vendor’s likely future direction of travel within the model based on current market trends
How do we at SAP interpret the results? While we are again designated a Strategic Challenger in 2024, we have made a strong movement on the performance axis. This demonstrates our strong future-ready workforce product strategy, with learning as a key component. The importance of building a future-ready workforce cannot be underestimated, as the future of work is here, and the race for skills is on. HR and the workforce landscape will continue to undergo significant changes, and organizations will need to deal with the realities associated with major demographic changes, technological advancements, huge skills need, and evolving expectations around the employee experience.
The newly published HR Meta-Trends in 2024 report developed by the SAP SuccessFactors research team highlights common themes related to skills, learning, and emerging technology. Here, AI dominates the 2024 trends discourse in terms of how it will transform the labor market, how it will drive productivity, and how it will need to be managed to prevent negative outcomes. With the increased availability of AI, the race for skills is impacting both people and organizations. People are learning how to use AI to drive more efficiency within their individual roles, while organizations face pressure to adopt AI technology that can deliver more personalized development opportunities and greater talent intelligence.
SAP has made significant investments across SAP SuccessFactors solutions over the last year (see also SAP SuccessFactors Second Half 2023 Release), and particularly in SAP SuccessFactors Learning, to deliver these capabilities. These investments are part of a broader strategy to help customers focus on accelerating skills growth and building a future-ready workforce.
Recently, we released a redesigned integrated learning experience that delivers an entirely new way for people to engage in learning at work. This highly personalized experience guides the learner to not only fulfill compliance trainings and meet organizational goals, but also helps to foster an intrinsic culture of learning – tapping into each individual’s needs, aspirations, interests, and preferences. Furthermore, the AI-powered talent intelligence hub is now available across all SAP SuccessFactors solutions. The hub serves as a framework that helps organizations understand the skills their employees have today, the gaps that exist, and how to close them.
With this intelligence, SAP SuccessFactors Learning can deliver even more personalized learning and development recommendations. Our end-to-end learning and development strategy powered by our SAP SuccessFactors Learning and Talent solutions helps organizations more efficiently to build up skills. Get insights into how in this demo: Maximize skills growth with SAP SuccessFactors Learning and Talent solutions.
We are proud to be recognized by Fosway Group as a Strategic Challenger in the 2024 9-Grid™ for Learning Systems and will continue to make our solutions better to help customers succeed in these times of change. Looking ahead, we will deliver additional learning-specific enhancements and new AI capabilities across all SAP SuccessFactors solutions to help customers hire the best talent, foster personalized skills growth with individualized plans, and build up the compliance and strategic skills needed by the organization.
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