Read The Times Australia

Daily Bulletin

PredictiveHire has hit a new milestone of half a billion words - the largest proprietary database of structured interview responses - making it the world's Smartest Interviewer

  • Written by: PR Newswire Asia - Daily Bulletin Au RSS

MELBOURNE, Australia, Jan. 12, 2022 /PRNewswire/ -- PredictiveHire, creator of the world's first Smart Interviewer, today announced it has hit half a billion words in its proprietary database. This important milestone comes after experiencing 300% growth in the last 12 months, including a strategic partnership with Randstad Sourceright, one of the biggest RPO's in the world.

Today, PredictiveHire's global customers - including Qantas Group, Afterpay and the largest private sector employer in Australia, Woolworths  - have interviewed over 1.2 million job candidates in over 47 countries for diverse roles such as customer service, retail assistant, sales consultants, carers and healthcare workers, engineers, and graduates applying for entry level roles.

The half a billion words have accumulated through PredictiveHire's Smart Interviewer, Phai, conducting an interview every 30 seconds. Combined with the innovation of the R&D team, Phai Labs, this has created the ability to assess suitability for a role in seconds just from a text chat, saving thousands of hours in candidate screening for PredictiveHire's customers.

"PredictiveHire is the first and only company in the world to combine the simplicity of a chat conversation, the theory of structured interviews, ethical use of machine learning and the immense power of natural language processing to create a fair and accurate assessment of a candidate with far greater candidate satisfaction than traditional assessment approaches," Predictive Hire CEO, Barb Hyman said.

"Hitting half a billion words means we have reached scale to leverage open source algorithms such as BERT built by Google to build our own proprietary model, "interviewBERT" to increase the natural language understanding of an interview response," says Hyman.

"The ability to build attention-based deep learning models is allowing us to offer more explainable language models, another innovation driven by the large proprietary dataset. This is something missing in many of the language based assessment solutions."

The Smart Interviewer is truly blind and has helped companies achieve their D,E&I targets in much shorter time frames than anticipated. It also shares personality insights and tips for improvements with all candidates giving them further opportunity to learn and improve.

"Imagine interviewing all your candidates in a way that is natural and non-intrusive, truly blind, and empowering, " says Hyman.

"And, every candidate is assessed fairly, based on their interview answers only, without any risk of bias from using problematic data like CV's or scraped web or social media content which inherently leads to biased outcomes."

"We are creating a unique category of technology for candidate assessments and our Smart Interviewer, Phai, is at the forefront. Having our own proprietary data set of half a billion words doubling every few months makes it impossible for anyone to assess candidates with the accuracy we are."

About PredictiveHire

PredictiveHire's mission is to help companies unlock and engage talent at scale. Using the world's first Smart Interviewer, powered by the world's largest source of 1st party proprietary text data and advanced Natural Language Processing, we turn simple text conversations into unprecedented talent intelligence enabling organisations to interrupt hiring bias at scale, get to the right talent fast and give every candidate an experience they love.

View original content:https://www.prnewswire.com/news-releases/predictivehire-has-hit-a-new-milestone-of-half-a-billion-words---the-largest-proprietary-database-of-structured-interview-responses---making-it-the-worlds-smartest-interviewer-301458986.html

Authors: PR Newswire Asia - Daily Bulletin Au RSS

Read more https://www.prnasia.com/story/archive/3628543_CN28543_0

Business News

Designing Eco-Friendly Custom Water Bottles for Your Next Event

The Evolution of Sustainable Event Merchandise Event planning has undergone a massive transformation over the last decade. Gone are the days when organizers could hand out cheap, single use plastic...

Daily Bulletin - avatar Daily Bulletin

Why Choosing a Professional Florist Melbourne Makes Flower Delivery Impactful

Flowers have a great power to speak when humans cannot express their feelings with right words. Flowers are the best gifts when you are celebrating a birthday or welcoming a newborn child into your fa...

Daily Bulletin - avatar Daily Bulletin

The Business Case for Choosing Australian Fabricators Over Imported Alternatives

For a long time, you might have defaulted to overseas suppliers when sourcing fabricated metal components for a project. The unit price was lower on paper, and the maths seemed straightforward. That...

Daily Bulletin - avatar Daily Bulletin

Australian organisations are relying on business continuity plans built for a far more predictable world

Tariff escalations, supply chain fragility, geopolitical events, and the ongoing threat of cyber disruption have reshaped the risk environment facing Australian organisations. The problem is that ma...

Daily Bulletin - avatar Daily Bulletin

How to Rent a Car for Uber in Melbourne: What Every New Driver Needs to Know

Starting out as an Uber driver in Melbourne is not as complicated as it sounds but getting the vehicle right is where most new drivers get stuck. Uber has strict requirements around vehicle age, condi...

Daily Bulletin - avatar Daily Bulletin

When Should You Speak to a Lawyer About a Legal Issue?

Legal issues can begin with a simple question, then become harder to manage once formal steps are involved. Many people wait until a matter feels urgent before seeking guidance, even though earlier ...

Daily Bulletin - avatar Daily Bulletin

The strategic rise of Bali as Australia’s next essential healthcare support hub

As Australian healthcare providers grapple with unprecedented operational bottlenecks, a new nearshore model is quietly transforming patient care delivery. Forward-thinking organisations,  including...

Daily Bulletin - avatar Daily Bulletin

Cost Savings and Benefits of Using Used Pallets in Logistics

In today’s competitive logistics and supply chain industry, businesses are constantly looking for ways to reduce operational costs without compromising efficiency and reliability. One of the most prac...

Daily Bulletin - avatar Daily Bulletin

How Fulfilment Services in Australia Help Businesses Scale Efficiently

The growth of e-commerce and modern retail has transformed customer expectations. Consumers now expect fast shipping, accurate order processing, and seamless delivery experiences regardless of where...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

Different Types of Power Poles Used in Australia

Power poles are easy to overlook until one needs replacing, starts leaning, or sits directly in the ...

From Application To Court: How Family Violence Orders Work In Victoria

Most people don't learn how the intervention order process works until they're already inside it. So...

Why Businesses Are Choosing Virtual Reception Services

In today’s fast-paced digital world, businesses are constantly evolving to meet the needs of their...

Why Concrete Pools Offer Endless Design Possibilities

Imagine stepping into your backyard and being greeted by a stunning pool that reflects your person...

How Legal Advice Can Help with Driving Offences

Driving is a part of everyday life for many people. It allows us the freedom to travel, commute, a...

How Experienced Lawyers Support Criminal Defence

Facing criminal charges can be one of the most daunting experiences in a person's life. The stakes...

How media and Digital Marketing agencies Help Brands Stand Out

In today’s hyper-connected world, standing out is more challenging than ever. Brands are competing...

How to Choose the Perfect Honeymoon Destination

Your wedding day is just the beginning of an incredible journey together. After saying "I do," it’...

Walking Shoes vs Running Shoes: Which Are Better for Daily Walking?

Running shoes have become the default athletic footwear for a lot of people who rarely run. That ...