Market Perspectives

The annual Ventana Research Digital Innovation Awards showcase advances in the productivity and potential of business applications, as well as technology that contributes significantly to the improved processes and performance of an organization. Our goal is to recognize technology and vendors that have introduced noteworthy digital innovations to advance business and IT.

Ventana Research has awarded Fuel50 for Fuel50 Talent Marketplace its prestigious 2023 Human Capital Management Digital Innovation Award. This award is given to an HCM vendor that best exemplifies innovation in support of an organization’s ability to leverage its people, processes, information and technology in driving impactful HCM-related business outcomes. All finalists in the area of HCM, across compensation, employee experience, learning, payroll, talent management and workforce management, were considered for this award.

The demand for more agile approaches to business overall, and the workforce specifically, has rapidly become a priority for every organization. The long-standing method of looking first to a candidate’s prior job titles and education as primary indicators of suitability for a role is no longer sustainable in an economy where the employable population is shrinking, and the skills required to continue to move business forward are rapidly evolving. In response, organizations are now considering skills first, recognizing that those may come from different functional areas and job titles than may have been previously considered. While this adds depth and breadth to the candidate pool, the process of developing and maintaining a job architecture rooted in skills rather than a linear path of job titles and education requirements is challenging.

Ventana Research selected Fuel50 for the 16th Annual HCM Digital Innovation Award for its use of AI to identify skills required for success in roles, create and maintain skills-based job architectures, and provide employers a means to drastically improve internal mobility and worker satisfaction to drive better business outcomes.

With Fuel50 Talent Marketplace, organizations can marry organizational needs with worker capabilities and desires to create a workplace that encourages retention through skills identification and development, project-based learning opportunities, career pathing and mentoring. Further, Fuel50 uses AI to assist organizations in automating the daunting task of creating and maintaining a skills-based job architecture that is regularly updated based on relevant internal and external data in a way that is scalable and unbiased.

Fuel50 Talent Marketplace can accelerate an organization’s transformation to a skills-based workforce, providing them the opportunity to retain and develop talent to remain agile and effective in the face of unpredictable economic conditions.

If you have not examined how Fuel50 Talent Marketplace can help your organization, it is well worth your time. Congratulations, Fuel50 for your continued innovation.