State of the Industry: Ai for Talent Acquisition
- 1. AI for Talent: 2017 Outlook
- 2. $2.4 bn HR tech funding & deals 2016 42% of firms plan to increase HR tech spend 40% of firms plan to replace core HRMS systems $47 bn Expected corporate spend on AI technologies by 2020
- 3. AI Applications Amazon Alexa, Apple Siri, Google Home, IBM Watson, Facebook Messenger Talent Avrio Wade & Wendy Automotive Toyota BMW Retail Amazon Starbucks Healthcare Flatiron Apixio Manufacturing GE P&G
- 4. ar·ti·fi·cial in·tel·li·gence (noun) "Making a machine behave in ways that would be called intelligent if a human were so behaving." - John McCarthy
- 5. Using AI to eliminate human tasks and therefore jobs. “Look, this is the way of the world, and the world isn't always great.” - Travis Kalanick, Uber CEO Using AI to support humans in the shift to high-value tasks. “We have a direction. A human direction.” - Nachi Junankar, Avrio CEO
- 6. 30%Percentage of activities in 60% of all occupations that can be automated with technologies available today. - McKinsey
- 7. A Quick History Lesson
- 8. Machines are Better….At Certain Things. AI can be leveraged to support its human counterparts and translate into a winning scenario for all parties. Predictive vs. high-value tasks Efficiencies in TA process Deeper candidate engagement Eliminate Bias Do more with less
- 9. AI Areas of Impact for Talent Acquisition 1. Candidate Experience 2. Hiring Bias 3. Sourcing 4. Screening 5. Interviewing
- 10. Trend #1 - Sourcing
- 11. Trend #2 - Screening
- 12. Trend #3 - Interviewing
- 13. Avrio Inc.
- 14. Nachi Junankar CEO Todd Buffum Head of Product Srinath Narasimhan Head of Engineering Sean Hennessey Software Architect Daniel Cloudt Strategic Account Executive The Avrio Team Melis Unsal Product Marketing Specialist
- 15. Your AI Talent Platform Avrio is a talent platform that leverages the power of Artificial Intelligence (AI) to help recruiters identify, score and engage with top professionals. Score Our FitScore™ uses several weighted dimensions, to help evaluate candidates on a scale from 0-100. Identify The Avrio platform uses an algorithm to scan and match all resumes against all job descriptions. Engage Avrio’s chatbot, Rio orchestrates initial screening and engages with the candidate through Facebook Messenger to ask questions on the recruiter’s behalf. FitScore: 90
- 19. 2017: The Road That Lies Ahead