The Mona Lisa has been viewed by millions of visitors all over the world. But as visitors go through their selfie-taking motions at the L’Ouvre, they have likely missed one, crucial bit of information. La Giocanda is actually unfinished. Da Vinci never actually finished the background of the world’s most-famous painting. In a nutshell: you don’t know, what you don’t know.
Da Vinci never actually finished the background of the world’s most-famous painting. In a nutshell: you don’t know, what you don’t know.
Much of the same could be said about the way recruitment practices currently operate. They base their strategies on the things they know. Such as LinkedIn, employment agencies, additional recruiters and referrals. While there’s nothing wrong with that, those sources largely consist of information that’s known. After all, you can’t base a strategy on something you don’t know. Or can you?
Enter Talent Intelligence
Enter one of recruitment’s newest buzzwords: talent intelligence. Kevin Wheeler recently dubbed it one of the branche’s biggest trends. “Talent intelligence refers to the process where companies use AI to collect and analyse data regarding the talent and skills they need now and in the future”, Wheeler said in a recent presentation. “It helps you keep a hold of where the talent we need is working, what specific skills they have and what might entice them to work for you?”
“Talent intelligence refers to the process where companies use AI to collect and analyse data regarding the talent and skills they need now and in the future.”
That’s the type of information recruiters need, according to Wheeler. In a nutshell, talent intelligence is compiled out of target group, recruitment and labour market data — all external sources. In contrast to the internal data, such as Hotjar, Google Analytics and internal ATS data, that is currently the go-to data among recruiters. Talent intelligence solutions include features to focus on recruiting, talent management, or both. AI interactions allow businesses, HR personnel, and recruiters alike to further define the solution based on their business’ needs.
“Who you you work for? Who’s your boss? How many people are in your function? Now, through technology, we’re able to globalise this process.”
Weirdly enough, Wheeler saw talent intelligence occurring years ago in Silicon Valley. “Many recruiters used to spend loads of time in carparks, restaurants and café’s”, he said. “They’d ask random people random questions, to build up a picture of who’s working where: Who you you work for? Who’s your boss? How many people are in your function? Now, through technology, we’re able to globalise this process.”
11 companies at the forefront of the charge
The technology is readily available for any interested parties that want to construct a picture of the talent pool. We’ve delved into the wondrous world of talent intelligence and amassed a list of 11 solutions that are at the forefront of the charge.
1. Gartner: Talent Neuron
Gartner’s TalentNeuron combines big data and statistical insights to provide global talent, location and competitive intelligence for any industry or function.
2. Intelligence Group
Intelligence Group is the European market leader in Talent Intelligence. They provide data-driven labour market solutions for understanding supply & demand, and targeted recruitment marketing for employers and recruiters.
3. LinkedIn Talent Insights
LinkedIn Talent Insights is a talent intelligence platform that empowers you to make smart workforce and hiring decisions. They provide real-date data on supply and demand, as well as on-demand, simple talent intelligence tool, among other things.
Reejig’s workforce intelligence platform provides 100% visibility of your people’s skills, potential, passions and experiences, creating a central nervous system for all talent decisions.
Gem’s talent engagement platform enables recruiting teams to build relationships that lead to diverse, high-quality talent pipelines, a great candidate experience, and predictable hiring at any scale.
SeekOut provides talent acquisition professionals with a comprehensive 360-degree view of candidates, coupled with a powerful AI-powered talent search.
Eightfold AI is a Talent Intelligence Platform that helps organisations hire, retain, and grow a diverse workforce. The platform is built on unsiloing all people data within an enterprise, matching on ability and using AI to predict future roles.
Textkernel is the international leader in Artificial Intelligence (AI), Machine Learning and Semantic Technology for matching people and jobs.
hireEZ is an AI-powered outbound recruitment platform that aims to help recruiters break free from outdated recruiting systems and help jobs find people. With hireEZ, organisations can execute a strategically scalable approach to build future workforces.
Jobdigger collects all online published vacancies on the Dutch web and converts them into comprehensible and applicable labour market information.
11. Daxtra Technologies
Daxtra Technologies is a specialist in high-accuracy, multilingual resume and job parsing, semantic search, matching and recruitment automation.