29th January 2023

AI and NLP herald the dawn of a brave new world of RecTech

Tech

Artificial Intelligence (AI) Natural language Processing (NLP)

A couple of weeks back we looked at the AI revolution that is unfolding around Artificial Intelligence by looking at ChatGPT, developed by the company Open.ai.

The core AI technique of ChatGPT is Natural Language Processing or NLP which is the underlying principle behind speech and text recognition. Here’s a quick overview of the key milestones along its development roadmap:

Today: AI and NLP in RecTech

Since then, along with other AI technologies, NLP has been adapted to add capability to software designed for specific recruitment agencies. For RecTech, AI is being increasingly used to assist with recruiting by simplifying and accelerating key process elements including:

Tomorrow: Where is the next generation of AI enhanced RecTech taking us?

There are several ways in which RecTech could be further improved by AI in the future, and we should expect more of the same. This will boost some of the advantages already identified above and add some new ones, including:

As research continues to influence the development of AI-based RecTech, software companies must ensure that advancements are expressed in RecTech solutions that are fair, unbiased, and transparent in their decision-making processes.

Keep up with RecTech and enjoy a competitive advantage with ETZ

ETZ’s leading timesheet and invoicing solution streamlines the back office processing of your recruitment agency. Our complementary solutions, ETZ Comply for onboarding and document management, and Caspian for business intelligence, give agencies further capability to streamline and uncover opportunities. To find out more, call us on +61 (0) 405 458 821 or book a demo.

 



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