EdGE Networks is a technology driven company with a vision to empower industries and human resource with products, solutions and services that contribute to skill development. Our product HireAlchemy is powered by our intelligent app, jScore, which is a holistic solution for Talent Acquisition and Workforce Optimization. With the ability to tap into candidate’s social data, perform a Skill-Gap analysis, and suggest relevant training courses to up-skill candidates, the tool is a single platform for recruitment, internal workforce allocation, training for upskilling, holistic and meaningful creation of Job Descriptions, and forecasting trends. It provides a detailed info about candidates, with a score according to skill sets, so that companies can make more informed decisions while selecting a resource.

Key Differentiator: EdGE Networks uses a combination of Artificial Intelligence, Natural Language Processing, Predictive Analysis, Semantics, and Textual Analytics to give recruiters the best talent for job positions. Our skill repository, in the form of inter-connected nodes, can not only deduce the skills required for each job description, but can also suggest additional and connected skills that will add value to the position.

Source of Inspiration: The population growth in India will create more job seekers than jobs in the near future. Companies would eventually look to hire and provide opportunities to skilled candidates. The emphasis on skills is not a driven culture as of now but would eventually become so. As a tech company, we look at empowering people by contributing towards Skill Development.

Spotlight Awards to us means: recognition for the hard work that we have put in at EdGE Networks to match the right person to the right job. Winning the Spotlight Award would be a matter of great pride and achievement. It would open up avenues for EdGE Networks to approach industry leaders and organizations and showcase our product that can help companies manage Talent Acquisition and Internal Workforce in an optimum manner.

Biggest Challenges & Key Learnings: Understanding employees’ expectation and providing them with the necessary infrastructure to build a strong and committed team was a challenge and resolving it was a key learning. The challenge of building a scalable model was resolved by talking to various clients and potential customers. Understanding client needs and pain points, and working around those with an innovative approach was a major learning.

Future of technology in HR: Technology can and is already changing the way HR used to function. The analysis of Big Data can provide HR with insights that can help them gain knowledge about job positions and candidates, and reduce the time for hiring and other functions with greater efficiency. Social Media data, cloud, analytics, and mobile will enable HR to efficiently manage talent, both external as well as internal candidates. Technology will help HR to get rid of bias and subjectivity and ensure impartial decisions to improve and facilitate talent management.

Message for the HR community: The HR community should embrace technology which will act as a catalyst while reducing time and saving cost significantly. In the age of finding the best skilled candidate, the onus is primarily on the HR to make informed decisions. Big Data holds tremendous opportunities and business potential for HR by means of internal data, internal metrics, anecdotal evidence, predictive analytics and much more.

HireAlchemy is a participant in the Spotlight Awards 2014, which will be held on 22nd August, 2014.