Data are becoming the new raw material of business
The Economist

Using Predictive Analytics to Recruit Top Talent

 

Historical data can be an authoritative source of intel for a company looking to make smarter and faster decisions. When efficiencies are possible, it’s best to use the tools available to achieve them. Today’s recruiters need a more efficient workflow, which is driving the advancements being made in hiring tools, including the introduction of predictive analytics. In recent years, predictive analytics have become an essential tool for any recruiter looking to acquire top talent.

Defining Predictive Analytics

Predictive analytics (PA) is the use of historical data to make better decisions for the future using artificial intelligence (AI) and machine learning (ML). The information used in this process can be sourced from internal databases and statistical algorithms accessed via AI’s automated processes. Though PA has been around for decades, it’s use has become more prevalent in recent years as more organizations rely on its proven capabilities. This recent adoption is mainly due to the advancement in technologies that make data collection and analysis easier.

Predictive Analytics in Recruiting

Through this adoption and reliance, many companies have implemented PA into their recruitment strategies. Once a predictive cycle of collecting and analyzing data is defined, it becomes an easily repeatable process. From that process, companies can use it to assist recruiters with their jobs well into the future.

This new-aged method of thinking is changing the game for recruiters by assisting them in hiring top-tier talent much faster. According to Ideal, using PA in the recruitment process can save a company upwards of 23 hours in productivity a week.

By using predictive analytics as a recruitment tool, companies will have a higher chance of standing out in today’s competitive hiring environment. An increase in the reliance on data for a human resources department can mean the difference between intuition-based decisions and decisions backed by facts.

Candidate Assessments

With the data a company has acquired over the years from employees, they are better able to identify the skills, background and personality traits they desire most in a candidate. Once they’ve identified these qualities, they can input that information into third-party tools such as applicant tracking systems and job boards. From there, these systems can automatically sift through applications to present recruiters with candidates who are the best fit for the position. These candidates are then moved to the top of the list. This advanced process helps improve the overall quality of a company’s initial screening process.

Some companies are even beginning to implement AI systems with more advanced capabilities to screen potential candidates. One of the more unique pieces of emerging technology in this field is an AI face-scanning system. This fast scanning system assesses candidates by seeing how well they answer a set of questions that the machine asks them. The ideal candidate will best match the answers, personality and body language that the company wishes to track against. From this machine, an incredible source of data can be created and used in all future hiring decisions.

After establishing top candidates, a cloud-based talent management software can assist with keeping these prospective employees and their data well-organized. This program will help ensure every step of the candidate-to-hire process will operate smoothly and efficiently throughout all stages.

Candidate Sourcing

Sourcing for a position that needs an immediate turnaround can be a stressful process for any recruiter. Though finding the right applicants is a top priority during these times, sourcing can often take a great deal of time. Using predictive analytics can lead to smarter sourcing, reducing time spent manually sifting through potential candidates.

With predictive analytics, a recruiting team can eliminate any third-party sourcing methods previously deemed a waste of time. Being selective with this process allows the team to decide and focus on those job sites, keywords and other factors of posting a position that has historically brought the best candidates to the company.

Speed of Hiring

Predictive analytics have also been proven to significantly increase the speed of hiring by cutting out inefficiencies in processes. Knowing what current statistics show, you can see the timeline of past decisions and where you may be able to reduce time in the future. Improving the speed of hiring can be invaluable in cases where employee scarcity exists.

Analyzing past recruitment data is a significant undertaking, particularly for large businesses with several positions to fill. However, as the industry continues to rely more heavily on data as a recruitment tool, more intelligent technology is beginning to emerge to assist recruiters with this task.

 


The World’s Premier Analytics and AI Conference for Government Happens in Washington September 25

Date: September 25th, 2019

Location: Washington DC

Website: https://bit.ly/2GNTYPl

Data Driven Government is the world’s premier conference focused on supporting the President’s agenda to use data as a strategic asset. Motivated to help leaders increase efficiency, share and discuss emerging trends, improve evidence-based policy making and more, this conference is practically-focused and vendor-neutral.

This event is meant to bring leaders together and open up the conversation of how to harness the power of data analytics to enhance missions, goals and outcomes. Striving to advance analytics and data science across the board – Federal, State and Local governments can all benefit from data science and its ability to help officials and leaders. At Data Driven Government they will  learn how to reduce waste and fraud, streamline efficient processes and make intelligent decisions. This, and more, will be topics of discussion September 25th. 

Data Driven Government will bring leaders, innovators and thinkers together to learn how to extract insights from the data available to government agencies. Topics will run the gamut of best practices, trends, and how agencies are currently using data to reach mission outcomes.

At Data Driven Government, leaders and officials will explore questions such as:

  • How are public sector agencies using analytics & AI?
  • How can we make analytics mainstream?
  • How can we build a culture of innovation
  • How do you build cohesive data strategies
  • How are the next-generation analytics & AI technologies relevant to the public sector
  • How do you build high-performing analytics teams?

Find tickets, agendas and learn more at Data Driven Government’s website and on Twitter, Facebook and LinkedIn for show updates and other upcoming events. 

 


AI & Big Data Expo Returns to North America November 2019


Date: 13-14th November 2019
Location: Santa Clara, CA
Website: https://www.ai-expo.net/northamerica/

The AI & Big Data Expo North America, the leading Artificial Intelligence & Big Data Conference & Exhibition is taking place on November 13-14th at the Santa Clara Convention Center. It will showcase the next generation technologies and strategies from the world of Artificial Intelligence & Big Data, providing an opportunity to explore and discover the practical and successful implementation of AI & Big Data to drive your business forward in 2019 and beyond.

4 co-located events. 24 conference tracks. 13,000+ attendees. 500+ speakers. 350+ exhibitors.

Our high-level conferences will bring together forward thinking brands, market leaders, AI & Big Data evangelists and hot start-ups to explore and debate the advancements in Artificial Intelligence & Big Data, the impacts within Enterprise & Consumer sectors as well as Development platforms and Digital Transformation opportunities.

The AI & Big Data Expo will bring together over 4,000 visitors over the two days including IT decision makers, developers & designers, heads of innovation, Chief Data Officers, Chief Data Scientists, brand managers, data analysts, start-ups and innovators, tech providers, c-level executives and venture capitalists.

The AI & Big Data Expo will be co-hosted alongside the IoT Tech Expo, the largest global gathering for the Internet of Things sector, the Blockchain Expo and the Cyber Security & Cloud Expo. As a whole, the event will attract in excess of 13,000 attendees for two days of insightful content covering the whole ecosystem surrounding AI, Big Data, IoT, Blockchain, Cyber Security & Cloud.

Register your Free Expo pass or Gold conference pass today!

Follow us on Twitter (@ai_expo), Facebook (aiexpoworldseries) and LinkedIn https://www.linkedin.com/groups/1906826 to get the latest AI & Big Data news and updates about our global AI & Big Data conferences.


Online Data Science Courses Lay the ‘Foundations’ for Graduate Degree Programs


 

At The Data Incubator we run online data science courses for busy professionals, as well as a free, eight-week Data Science Fellowship Program for PhDs and Master’s graduates to bridge the gap between academia and industry.

Our Data Science Foundations online course is the perfect way to launch a new career in data science, or supercharge a current career with new data science skills. Diana Sujanto, after completing Data Science Foundations, went on to a graduate degree in data science program and ultimately got a job offer based on her new data science skills. Diana shares some of her story with us.

 

Can you tell us a little bit about your background?

I currently work for an airline reporting company as a Quality Assurance engineer. After earning my MBA in Information Systems from Louisiana State University, I worked in various engineer and consultant positions in Information Systems roles. While working full time, I was looking for a way to gain some additional skills in data science to develop my career further. When I learned about The Data Incubator’s Data Science Foundations online course, it seemed like a perfect fit for what I was looking for at that time. After completing Data Science Foundations, I decided to pursue a graduate academic program for a degree in data science with New College of Florida.

 

How did you find TDI’s Data Science Foundations, and what made you decide to try it out?

While attending an event with Girl Develop It, a non-profit group for women in tech, I heard about The Data Incubator’s Fellowship program from one of the speakers there and decided to check it out online. The speaker mentioned that TDI’s Fellowship was a good option for people looking for non-traditional education programs in data science. After visiting TDI’s website, I ended up speaking with Sarah Fugate, from the Online Learning team and learned about the Data Science Foundations online course as a part-time option for learning data science skills while I continued working full-time.
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The 3 Things That Make Technical Training Worthwhile

seminar-594125_960_720Managers understand that having employees who understand the latest tools and technologies is vital to keeping a company competitive. But training employees on those tools and technologies can be a costly endeavor (US corporations spent $87.6 billion on training expenditures in 2018) and too often training simply doesn’t achieve the objective of giving employees the skills they need.

At The Data Incubator, we work with hundreds of clients who hire PhD data scientists from our Fellowship program or enroll their employees in our big data corporate training. We’ve found in our work with these companies across industries that technical training often lacks three important things: hands-on practice, accountability, and breathing room. Continue reading


The Data Incubator Is Now Part Of Pragmatic Institute!

Big Changes for The Data Incubator

At The Data Incubator, we aim to be at the forefront of data science training. We stay on top of the news (and make it when we can). We ensure our students have access to all the latest tips, tricks and toys. And when we see an opportunity to improve our training opportunities, we jump at it.

That’s why we’re pleased to announce that The Data Incubator is now a part of Pragmatic Institute!.

 

So what does that mean?

The Data Incubator (TDI), the leading provider of data science education, has joined with Pragmatic Marketing, the authority on product management and marketing training, to become a single source for comprehensive business training for companies — Pragmatic Institute.

Don’t worry, TDI will continue to provide private corporate training, our fellowship program, placement services and online training for data scientists. But with Pragmatic Institute, we will also be offering a new live, in person three-day course to teach business leaders how to integrate data science into their business models. And we’ll get to expand our hands-on training for data scientists across the country — and beyond!

And in the near future, data scientists will be able to add the soon-to-be-coveted Pragmatic Data Certification to their credentials as we continue to roll out new courses and training opportunities.

 

What’s changing?

With this new partnership, we’ve got a lot of exciting things happening. As part of Pragmatic Institute, we’ll be able to provide more training on a broader spectrum of topics to more current and future data scientists, starting with The Business of Data Science.

The Business of Data Science is a 3-day course focused on the principles of data science, identifying the optimal (and most profitable) ways to use data science in you business, and integrating it into your business. If you want to learn how to make better business decisions using data, want to better lead your data science team or simply want to understand data science better, then this course is for you.

This new course will debut in late April, 2019. But it isn’t the only new course we’re offering. Make sure you subscribe today to stay in-the-know on all the great data science courses we’ll be rolling out this year.

 

What’s staying the same?

For the most part, everything you’ve come to know and love about TDI is staying the same. There’s just going to be more of it.

We’ll still be offering our incredibly popular, incredibly competitive Fellowship program, which will continue to provide the hands-on, real-world data science training top companies are looking for. And we’ll continue our placement services to pair the right data scientist with the right position in healthcare, finance, tech and more. Both of these will continue to function under the TDI name.

Our online courses will still provide the same great information from the same great TDI data science instructors. And we’ll still offer onsite training for your employees so your entire team is on the same page.

So most everything will still be the same. But now, as part of the Pragmatic Institute brand, we’ll be able to provide more of it on a larger scale, so we can help meet the growing demand for qualified, dedicated data scientists the world needs.

 

Visit our website to learn more about our offerings:

 


Data Science Bootcamps – How To Avoid College Debt and Still Be Successful

By Corinne Spears and Ryan Craig

There is no doubt that 2018 was an innovative year. 3D metal printing became more mainstream, altering the way many think about the future of manufacturing. AR went from a vague promise to tangible developments in software and hardware. In medicine, researchers created a cancer-detecting liquid and developed AI that detects Alzheimer’s six years before human physicians.

One thing that did not change in 2018 was higher education. Colleges and universities continue to look like they did in the 60s, only with higher tuition and worse student outcomes. If the music business worked like higher education, we’d still be listening to music on 8-track tapes: the Walkman wouldn’t be invented yet, let alone streaming on noise cancelling, wireless headphones.
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How The Internet of Things is Revolutionizing Data

With the evolution of sensor, mobile, and wireless technologies, there’s no doubt that the Internet of Things (IoT) is slowly rising to the apex of modern technology. The true use of IoT, however, lies in the world of analytics – rather than hardware innovations. For businesses, IoT analytics are of crucial importance. Extracting rich insights from IoT-related consumer products helps businesses alter their strategies or better understand the consumer experience.

 

What’s so great about IoT analytics?

The first thing to realize about IoT data analytics is that it involves the use of sensors for data collection. Sensors are really cheap these days and are sophisticated enough to support a variety of use cases. Data analysis and data pattern recognition are important analysis tools that are used after the sensors have done their part in providing the raw data. Now, the ultimate goal behind IoT is not just fancy data. The goal is the usage of said data to understand people.

 
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Telling Truth from Hype When Hunting for Data Science Work

There’s a lot of talk these days about “fake news”, and for good reason. But the growing uneasiness about relying on information from the web has crept beyond politics into other areas, including the search for employment. Scams and fake offers are an unfortunate reality of online job searches across industries.

The data science world in particular has been swirling with skepticism, not just over whether job offers are legitimate, but about the job title itself—that is, over the tendency for some tech professionals to falsely label themselves as data scientists in the first place.

If you’d like to grab some tips for telling the scams, cons, and poppycock from real and worthwhile job opportunities in data science, read on.
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The Future of Management: Human Resource Analytics

Data science has marked its presence as the beautiful soul of the digital world and has crept across the multiple phases of the organizations driving their business growth. These days, small to large organizations are leveraging this technology to understand their consumers and business needs. This growing technology is making its way into the HR department so that organizations can use their data to improve engagement, performance and decision making.

A survey report by Global Recruiting Trends 2017 reveals that the 83 percent of Human Resource professionals think that talent is the biggest priority of an an organisation. The future of recruitment is 34% dependent upon the innovative interviewing tools.

 

Benefits Analysis:

One of the very effective uses of data science can be observed in the insights collected from the employee’s data. It uncovers the answer to typical queries like employees benefits, their opinion, costs optimization and analysis. Here, data science can predict whether the deal is good or not for the candidates and organization will face loss or profit. They can also put data science to manage the plans like gym memberships, health insurance, travel, food, funds, assessment, training, events, seminars, counselling etc. By analyzing the benefits and outcome of such events, organizations can make better decisions and achieve their objectives.

Predictive analysis deals with statistics and mathematical data. It ensures the effective future plan on the basis of the collected data. PA visualizes the employee’s data in the form of the graphs, states, and many more interesting methods providing a clear pictorial view. Thus, HR can easily deal with the critical scenarios like pay gap, bonus, resign, new batch recruitment etc. To deeply understand the concept and internal working of such methodologies, go for Data Scientist Course and be the part of this technological trend.

Talent Analytics:

Recruitment of the right candidate is the first priority on the HR lists. No matter whether your company is small or large, you need skilled workers to drive companies growth. Since companies are recognizing more, data science is helping them to find good candidates in an effective way.

The data science helps them make a congenial strategy for recruiting candidate by reducing unfair or other bias. The data collected from the analytics help recruiters to gather candidate’s performance data and make predictions about which candidate fits best for the particular job profile.

It allows organizations to channelize best fit talents, manage training campaigns, monitor turnover and create strategic plans for retention and recruitment. As seeking the best employee for the job is the toughest part of the HR recruitment journey. Around 38 per cent of the organizations are leveraging smart tools for the interview.

Work Analytics:

To understand the main requirements of the organization, data science is the best option. It deals with shape, experience, variety, knowledge and other attributes to boost up the companies efficiency. It assists them to increase their throughput and achieve future success. Some companies may employ a Quality Management System Software to help with work analytics.

Since recruitment plays a crucial role in companies growth until the organisation doesn’t have the right candidate for the right position. Here, data science can be very useful.

Data science not only allows to get accurate employees’ experience data, but it also observes behavioural patterns. It recognizes observing employee pregnancy, work affection etc.

The Ugandan governement has already implemented data science to monitor various public undertaking projects across the region in 2016. They use analytics to examine the quality of the services provided to the public. So they can monitor who is doing their job correctly and best.

Understanding employees performance will make management to decide promotions. Because choosing the best manager is not an easy task as it is not only decided on the basis of top performance. Here predictive analysis decides which selection is best for which job. The data collected from the manager and whole team defines which employee is more likely to achieve manager post and which one is not.

Final Words to Take Home:

A report by IBM and MIT concluded that the companies that are using HR analytics in their culture have more positive outcomes in their business. These organizations achieve 8 per cent increase in the sale and a 24 per cent increase in their overall revenue. Thus, you must have understood the need and impact of HR analytics in an organization. Don’t get too late, pace up your speed with the technology, then only you can achieve desired results.

Author:
Sanjay Kumar is B2B digital marketing doyen, with close to 5 years of experience in web marketing, project management, and business development. Mr. Sanjay has innovated, erected and managed e-marketing campaign for various organizations with his awe-inspiring analytical and practical approach driving fuel to the business growth.