The massive, complex datasets, commonly referred as big data in techno-parlance is the powerhouse for machine learning. The advanced logarithmic learning of data patterns to arrive at useful insights find its use in almost all the sections of an organization. With a humongous pool of data regarding its employees, organizations have started investing in data analytics driven decision making to effectively use its resources including the core - human resources.
Al in HR is having a wide spectrum of benefits ranging from inception of an employee's career journey with the organization to her retention; supplementing her professional growth; enabling her continuous learning etc. and the list extends further.
Talent Acquisition to Experience Enhancement
Staying ahead of the peer competitors needs to attract the talented workforce with required skillsets to outperform the rest. Using Al based applications enable HR managers to quickly interpret the nuances across the candidate applications by transforming resumes into insightful data. Ample amount of time and cost thus get saved in efficiently identifying the right talent fitting their requirement.
This story is from the April 2023 edition of BANKING FINANCE.
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This story is from the April 2023 edition of BANKING FINANCE.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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