Is AI the future of business?

The rise of Artificial Intelligence (AI) technology is well and truly here. At Collar®, we understand the importance of continuous learning to continue to progress as the fastest growing recruitment agency in Australia. That’s why we’re here to have a chat about AI, and give an overview of what it is and how it might alter the recruitment industry in the future.

AI technology is a form of computer science that focuses on using and developing intelligent machines that can learn, process information and make decisions like humans. From its ability to write copy in seconds, analyse data sets and helping to optimise processes, AI’s growing presence can be beneficial in many ways to businesses.

How can AI potentially improve the recruitment process?

The use of AI technology in business is increasing and the use of AI technology might be hitting the recruitment industry next. AI has become increasingly popular as businesses look to take advantage of the power of technology to help them gain an edge over their businesses. The question is, how can AI potentially transform the way recruitment agencies function to improve the recruitment process?

Automated job postings

Using AI in recruitment could be a game changer for saving time. With the technologies having the capability to product automated job postings, allowing recruiters to post job openings quickly, it has the potential to be a huge time saver, allowing recruiters to spend time calling candidates, interviewing candidates, and more.

Candidate selection

AI could also be used to assess candidates most relevant to the role. Through the use of algorithms, the technology could search large databases of resumes and job postings to help recruiters quickly identify candidates with the right skills and experience to succeed in a role.

Automated onboarding processes

There is even a possibility AI technology could be used to automate the onboarding process. AI software could automate and streamline the process, making it easier for recruiters and employers to manage the process. It could even help employers assess the performance of their new hires and provide valuable feedback to recruiters.

But what are the different types of AI technologies?

Machine Learning Technology

Machine learning technology is first and foremost the most commonly used AI technology in business. The machine learning algorithms are used to locate patterns in data, that can then be used to make predictions and recommendations based on those patterns, such as predictive analytics, client segmentation, recommendation systems and more.

Deep Learning

Another widely popular AI technology is deep learning – similar to machine learning in that it uses networks to analyse data. Deep learning is most commonly used for forecasting, image recognition and natural language processing.

Natural Language Processing

Natural language processing is a type of AI technology that is used to understand human language through analysing text, understanding the meaning of sentences and generate human-like responses. It can even be used to translate languages and identify different topics in text.

At Collar®, we understand the growing presence of AI. This is why we continue to research and stay up to date with trending technologies to always stay one step ahead of the curve.