Press release: VERCIDA launches world-first job-matching service using artificial intelligence
Innovative inclusive employment job board, VERCIDA, has announced a partnership with Irish data science firm, Opening.io, to provide a world-first job-matching service using artificial intelligence (AI).
The new arrangement means VERCIDA will be integrating Opening.io’s artificial intelligence technology into their job boards and using intuitive searching to help people find work that suits their skills and profile. The groundbreaking system allows candidates to directly upload their CV to the VERCIDA site, then see suitable vacancies seamlessly matched to them.
This is possible because Opening.io’s technology uses deep learning to understand both the skills and knowledge that candidates bring – as well as the needs of the industries they may work in. It first reads a candidate’s CV to establish their experience, then whether they fit with any currently available vacancies. Finally, it marries this up with what it already knows about different industries and opportunities to find the perfect match between jobseeker and employer.
The cognitive engine is built and trained on both resume and job data, as well as industry and sector specific data. The core of this talent technology is Natural Language Understanding.
The job search is dead. All hail AI-powered CV matching
This candidate-focused approach is a break away from traditional job-searching boards where candidate details could fall unmatched and unnoticed amid hundreds of thousands of other people. Using Opening.io’s technology, VERCIDA can ensure that when a candidate’s background fits an open job opportunity they will definitely not be missed.
The new partners also recognise the potential that comes from having useful data available to help jobseekers. The service will, for example, give an average market salary for a CV (based on the skills and experience readable within it). Other projects on the horizon include AI-driven automatic notifications for jobseekers who match the needs of newly-posted jobs.
Morgan Lobb explained, “We’re convinced that this global-first service will bring huge value and opportunities for our jobseekers. The technology is innovative, and the goal is brilliant – we want to match people with great jobs that allow them to be successful and well. Harnessing data science is an important next step for us in providing practical, useable and intelligent services for employers and jobseekers alike.”
Andreea Wade, co-founder and Chief Executive of Opening.io explained, “It’s important to us that our first project with a job board is one that so enthusiastically promotes diversity and inclusion. We have been very involved in promoting opportunities for all groups of society, so the topic and goal is very close to where we are as a company.”
This is a new approach for Opening.io who have previously been working directly with recruiters rather than candidates. Founded in August 2015, the company is an AI powered end-to-end candidate analysis engine generating key recruitment intelligence and automation. Opening.io relies on state-of-the-art neural network architectures integrated within end-to-end pipelines to support today’s global recruitment business processes.
VERCIDA is a powerful workforce attraction tool, helping organisations to create a fair and inclusive workforce by offering easy ways to communicate with potential staff and for people to find work that suits their needs. It operates on the idea of showcasing socially-responsible employers who are focused on wellbeing and are committed to creating a fairer society at work. After seven years in operation, VERCIDA has a portfolio of over 130 clients and a team of twelve. The company currently operates from a base in London and, in the longer term, has ambitious plans for growth into the US and European markets.