Boston, MA, Sept. 05, 2018 (GLOBE NEWSWIRE) -- Scout Exchange, a platform for marketplace recruiting, has been cited as a Sample Vendor in the Gartner 2018 Hype Cycle for Human Capital Management Technology, in the category of “AI in Talent Acquisition.” Designed to inform human capital management (HCM) leaders of the latest technological innovations in the market, the Hype Cycle report cites the growing adoption and advancement of Artificial Intelligence (AI) technology as one of several key drivers for innovation in the HCM market.
“It’s exciting to be recognized for our use of AI technology in such a major industry report,” said Ken Lazarus, CEO of Scout Exchange. “As our customers have already proven, Scout’s Machine Learning AI can significantly improve recruiting results, including profoundly impacting candidate quality and recruiting efficiency. It also enables us to optimize results that help hiring organizations achieve critical objectives such as diversity recruiting and gender parity.”
The report notes the power of AI to “increase automation of the recruitment process as well as to augment or provide decision support to candidates, hiring managers and/or talent acquisition professionals in such process steps as talent sourcing, screening, marketing, interview scheduling, and the first steps in onboarding.”
“Gartner inquiries indicate a steady demand from organizations to leverage AI technology across front-end talent processes such as sourcing, job targeting and distribution and predictive analytics to improve time-to-hire and quality of hire metrics,” wrote Jason A, Cerrato, Research Director within Gartner's HR Technology & Transformation team.
For more information, subscribers can see Gartner's full report.
Gartner, Hype Cycle for Human Capital Management Technology, 2018, Sam Grinter, 7 August 2018.
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About Scout Exchange, LLC.
A platform for marketplace recruiting, Scout is a new, data-driven way to connect employers and search firms to fill jobs with great talent. Combining the power of marketplace dynamics and machine learning, Scout creates successful employer-to-search firm recruiter matches that deliver better results, improved efficiency and lower cost. Seamlessly integrated with Applicant Tracking Systems used by 90%+ of enterprise companies, Scout is trusted by hundreds of employers, including 50 Fortune 500 companies, and thousands of specialty recruiters. For more information please visit www.goscoutgo.com.