The money spigot is wide open on the human resources technology front, with U.S. companies investing $2 billion into HR technologies in 2016. In fact, those investments have churned upward at an annual rate of 15 percent, according to CB Insights.

Where is all that HR investment cash going? The CB Insights report states the bulk of it is going to integrated human resource management system (HRMS) platforms, but with growing investments in emerging technologies such as cloud computing, mobile technologies, social media and artificial intelligence also in the mix.