AI has been a forerunner of change in many sectors and in many countries. Fields like Business Intelligence, Search Engines, Social Media are some examples that top the list of AI transformed sectors. Human Resources is also under transformation, with Recruitment being a the leader. What future holds for Nordic Region is a question only they can answer themselves.
The biggest objection against artificial intelligence (AI) is that of it replacing the jobs of a common man. As the jobs become more technologically induced, the need for manpower is reduced drastically.
Many Incompetent manual Recruitment tools and processes make it difficult for the employers to keep a thorough tab on the number of Applicants, resulting in an omission of a credible number of individuals.
Artificial intelligence has been able to bridge this gap between the employers and the applicants. It has made incredible developments in the hiring process making it possible for every applicant to have the equal opportunity for the job that they are applying.
AI is undoubtedly the future of recruitment for companies. It is efficient and drills results that inadvertently benefit the company.
However, the Nordic Region compared to the other business hubs of the world, is lagging behind. AI has been able to make a very little impact in the Nordic countries of Norway, Sweden, Denmark, Finland and Iceland.
The lack of AI transformation in these countries may be due to number of reasons. For example in Sweden, the enterprises are at their own liberty to take up any new technologies. The government has little to do with them. When it is left on the enterprises to make the decision, they generally are reluctant to adopt any data related technologies. This is because they fear that they won’t be able to stand the competition from giants like, Google and other data companies.
Bjarke Staun-Olsen, an Investment Manager at VC firm Creandum in Stockholm has to say this: “The technology itself is insanely promising. It’s massive how much has changed, just compared to a year ago. However, it’s not obvious for a startup, since a successful AI-company needs much data, and the competition (Google and others) usually have the data.”
However, from the data acquired through Slush, one of the largest Tech conferences; Finland (44%) and Sweden (40%) lead the list of Nordic countries with the most number of AI benefitted companies. Whereas, Norway (8%) and Denmark (8%) have a strikingly low percentage of companies that have accepted AI as a part of daily functioning.
Taking this into account, it can be concluded that AI is becoming pervasive in the Nordic companies. Corporate giants like IBM are providing their AI technology, Watson to collaborate with a number of companies to enhance their AI. Already there are some AI recruitment and applicant management tools that have made their way into many companies. ThisWay Global, Mya, Yodas, Jobo and EstherBot are just a few names among them.
Digitalization of businesses and society is inevitable. With this as an hindsight, the Nordic region is also adapting to some improvements in its AI recruitment processes. This will prove to be beneficial, in lieu of the positioning of the Nordic countries in the global sector.
Author name : chirantan patel
Author Bio : Chirantan Patel is the Product Manager at Softwaresuggest & Callhippo, an Inc. 275 company that researches and analyzes hr software to educate, advise, and connect buyers and sellers of business technology.