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Role of new age technologies in talent acquisition

• By S.V. Nathan
Role of new age technologies in talent acquisition

Artificial intelligence (AI), as a term, first became known at the Dartmouth Conference in 1956. This was at a time when digital computers had just started to make an appearance in laboratories. Alan Turing, who by many is considered the father of theoretical computer science and artificial intelligence, said that if one were to not know if the response were coming in from a machine or a man… that would be AI at work. “Nevertheless, I believe that at the end of the century, the use of words and general educated thinking will have altered so much that one will be able to speak of machines thinking without expecting to be contradicted.”

So the question that arises is will AI enable the world to have thinking machines, or is it just a passing fancy, a buzzword?

Concept

AI as a concept has evolved from “neural networks and thinking machines” in the 1950s – 1970s to “machine learning” in the 1980s – 2010s, and coming to present day, “deep learning” breakthroughs that are driving the current AI boom.

AI as a concept has existed for quite some years now although the nomenclature might have been different. Simply put, AI is a technology that enables machines and systems to learn from experiences, adjust responses based on inputs received, and perform many human-like tasks. So many technologies/inventions that we see today, such as self-driving cars, biometrics, virtual agents (such as chatbots) and many more are all a result of the proliferation of AI technology.

AI can help corporations and professionals in several ways by augmenting capabilities and enhancing the way they approach work. 

AI and recruitment

According to a global survey conducted by Korn Ferry of around 800 HR professionals, 63% responded that AI has already brought a transformation in the way recruitment is done today. This clearly shows a promising future for AI technologies as far as the recruitment sphere is concerned. There are three major technologies that can smoothen the hiring process for an organization:

Significance of using AI in recruitment

The main purpose of AI in recruitment will be to augment the process and improve the workflow. It will make recruitment a more real-time, quick, efficient, and effective process. Many of the concerns that exist today, such as unconscious biases, lack of enough touch points in the process, candidate experience, candidate profiles, outreach, and data analytics, are now issues that can be addressed with the help of AI technologies. How will it transform the role of a recruiter?

Challenges 

The benefits of AI certainly outweigh the apprehensions we might have about the new technology. Having said that, any organization needs to clearly assess the challenges of using AI and prepare a plan to tackle them to draw maximum benefit.

In conclusion, we have a powerful tool in our hands. It is for a man to manage the machine and work together for creating a better outcome.

Quoting Deloitte’s 2018 Deloitte Global Human Capital Trends report, “The influx of AI, robotics, and automation into the workplace has dramatically accelerated in the last year, transforming in-demand roles and skills inside and outside the organization.”

As organizations, we need to be prepared for the massive metamorphosis that introduction of AI in the workplace will bring. This will call for re-thinking the ”work architecture” - reconstructing work, retraining people, and rearranging the organization, to maximize the value of both people and machines in the coming future.

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