The lack of skilled IT workers is hurting the deployment of emerging technology, according to a new survey from Gartner. In areas from cloud to cybersecurity, this crisis is expected to last for years to come.
A number of startups have appeared to try and address the problem.
HireVue, which has raised $93M, has tried to address with an AI-driven 'Hiring Intelligence' platform. AllyO, which has raised $19M, is trying to make hiring more efficient by addressing the traditional inefficiencies of lost applicants and conversions due to poor candidate experience.
And Arya is a seed stage start-up which uses machine learning to identify successful sourcing patterns and draws potential candidates out of online profiles.
Another player is applying algorithms to the hiring process.
VCV.AI, has now raised $1.7 million to automatically screen job candidates using facial and voice recognition. Yes, it looks like another episode of Black Mirror is on its way…
The investment comes from Japanese VC Will Group, Talent Equity Ventures, 500 Startups and angel investors, including Masahiro Takeshima of Indeed. The funding will help VCV continue to develop its technology and strengthen its position, and will also see it opening an office in Tokyo, Japan.
VCV claims it can help eliminate human bias from the hiring process with preliminarily screening of candidates, automated screening calls, and by conducting these robo-video interviews with voice recognition and video recording.
Through VCV, potential candidates can record a video using a computer or smartphone on iOS or Android. This functions like a real interview, as candidates don't have the ability to prepare for the questions in advance.
Additionally, facial and voice recognition identifies a candidates' nervousness, mood, and behavior patterns to help recruiters assess whether a person is a good cultural fit for the company.
VCV says this doesn't replace the job of a recruiter but enhances their toolset so they can find and screen a greater number of candidates more efficiently.
The startup says this AI-led approach helps companies save over 20 hours of work with recruiting bots working 24/7 to find, chat, and interview potential candidates.
Clients already include PWC, L'Oreal, Danone, Mars, Schlumberger, and Citibank.
Arik Akverdian, founder and CEO of VCV.AI, said: "AI can improve and streamline the hiring process, while also helping to remove corrosive biases that all humans have.
There's no reason technological innovation shouldn't transform this area of business—especially considering human talent is an organization's most important asset."
We will see how those biases play out once all our hiring is via AI…