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MyPerfectResume Report Finds 64% of HR Managers Embrace AI, but Ethical Concerns Remain

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Survey Finds 60% of HR Pros Say AI Improves Recruitment, but 15% Believe it Harms Candidate Quality

GUAYNABO, Puerto Rico, Oct. 29, 2024 /PRNewswire-PRWeb/ — MyPerfectResume®, a leading resource for resume and career advice, polled 500 HR managers to understand how AI has reshaped the HR industry and explore its prevalence, influence on recruitment and ethical considerations.

According to MyPerfectResume’s AI in HR: Recruitment, Ethical Challenges and the Future of Work Report, 64% of HR managers use AI to complete tasks such as writing job descriptions and job ads, conducting recruiting tasks, candidate screenings and automating resume analysis. However, despite this widespread use, ethical concerns such as data privacy and bias persist, with one-fourth of HR practitioners (26%) opting not to incorporate AI into their operations. Additionally, 10% of respondents reported that their company prohibits using AI altogether.

AI Use by HR
HR departments are leveraging AI across various aspects of their operations, including:

Writing job descriptions, postings, or ads (59%)HR analytics and reporting (44%)Recruitment and candidate screening (40%)Resume screening and analysis (39%)Employee engagement and satisfaction surveys (39%)Employee onboarding and orientation (37%)Interview scheduling (37%)Help desk responses (34%)Performance management and feedback (33%)Responses to employee queries (29%)

Of the HR professionals that utilize AI for resume screening and analysis, the frequency of use is as follows:

27% rely on AI moderately (50-75% of the time)23% use AI very frequently (more than 75% of the time)18% employ AI occasionally (25-50% of the time)14% utilize AI rarely (less than 25% of the time)18% of HR professionals do not use AI at all

“While AI has the potential to transform the HR landscape by automating repetitive tasks and improving candidate experiences, HR professionals must recognize that its effectiveness depends on thoughtful implementation,” said Jasmine Escalera, career expert at MyPerfectResume. “AI can be a powerful tool, but HR practitioners need to be deliberate about how and when they use it to avoid over-reliance on technology. By reducing administrative burdens, AI allows HR teams to focus on tasks requiring human insight and judgment, where their expertise is truly irreplaceable.”

Ethical Views of AI in HR
The rapid advancement of AI in human resources is transforming HR processes and job search activities, making it essential to address the ethical implications of AI use.

The survey revealed the top ethical concerns of HR managers, which include:

Data privacy and security issues (23%)Bias in AI-driven decision-making (17%)Fairness and equity in AI-driven HR processes (15%)Ethical implications of AI in performance evaluation (11%)The use of employee data in AI applications (10%)Lack of transparency in AI algorithms (10%)

Additionally, 64% of HR professionals agree that organizations should disclose their use of AI to employees and candidates, underscoring the importance of transparency as a critical ethical consideration in AI applications. Of those surveyed, only 21% disagree that HR managers should disclose the use of AI, and 15% are indifferent.

HR Professionals’ Views on AI Use by Job Candidates
Most (58%) HR professionals say they are comfortable with candidates using AI tools to create their application materials. However, 42% view the use of AI by candidates as unethical, indicating that while AI is widely accepted, some reservations remain.

AI’s Impact on Recruitment
AI is adopted by HR professionals to streamline and enhance various aspects of talent acquisition and recruitment, reducing the time-to-hire, and minimizing the resources spent on manual recruitment tasks. Thus, 60% of HR professionals report that AI has either improved (35%) or significantly improved (25%) the overall quality of the recruitment process.

However, 15% of HR professionals believe AI has harmed candidate quality and 25% of HR managers are neutral and believe AI does not impact the recruitment process.

“AI is taking off as a popular tool within the HR industry, but 40% of respondents feel AI does not have a noticeable impact on recruiting or hurts hiring talent. As with any new technology, we should carefully measure the risks and benefits, taking a careful approach in its practice,” said Escalera. “The key will be to navigate these advancements, focusing on ethical considerations and the quality of recruitment outcomes.”

For detailed insights on how AI has impacted the HR industry, access the full survey report at https://www.myperfectresume.com/career-center/careers/basics/ai-in-hr or contact Elizabeth Buccianti at elizabeth.buccianti@bold.com.

Methodology
The findings presented were obtained by surveying 500 U.S.-based HR managers and professionals between March 14-20, 2024. Participants shared their opinions and experiences with AI use during the job search process. They answered different types of questions, including yes/no, open-ended, scale-based questions where respondents indicated their level of agreement with statements, and multiple-choice where they could select from a list of provided options.

About MyPerfectResume
MyPerfectResume is the leading resource for resume advice and expert customer care to help professionals elevate their career with the perfect resume. Created to take the hassle out of resume-writing, the user-friendly program offers professionally crafted templates, expert tips, step-by-step guidance, and valuable career advice to effortlessly create an outstanding resume, CV, and cover letter. Since 2013, MyPerfectResume has helped more than 15 million job seekers create their perfect resumes and has been featured in Forbes, Yahoo! Finance, and more. Stay connected with MyPerfectResume’s latest updates on Facebook, LinkedIn, and X.

If you prefer not to receive communications from MyPerfectResume, please reply with unsubscribe.

Media Contact

Elizabeth Buccianti, MyPerfectResume, (407) 463-8865, elizabeth.buccianti@bold.com, https://www.myperfectresume.com/

View original content:https://www.prweb.com/releases/myperfectresume-report-finds-64-of-hr-managers-embrace-ai-but-ethical-concerns-remain-302289592.html

SOURCE MyPerfectResume

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Hot from Hong Kong Fintech Week 2024: AI’s Role in Transforming Insurance

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October 30, 2024

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SINGAPORE, Oct. 30, 2024 /PRNewswire/ — At the 2024 Hong Kong FinTech Week InsurTech Forum, Charles Hung, CEO of Blue Insurance; Gilbert Leung, CEO of Novo AI; and Priscilla Ng, Prudential’s Group Chief Customer & Marketing Officer explored the transformative role of AI in the insurance sector. The discussion centered around AI’s ability to enhance customer experience, improve operational efficiency, and navigate industry-specific challenges.

Applications and Challenges of AI in Insurance

Priscilla Ng highlighted that Prudential uses AI to sift through vast volumes of customer feedback, allowing teams to address issues efficiently and improve customer engagement. Charles Hung of Blue Insurance emphasized AI’s power in providing personalized and consistent service, helping meet customer expectations at scale. Gilbert Leung from Novo AI discussed the importance of AI in fraud detection and cost control, crucial for managing escalating expenses and protecting bottom line.

However, challenges in implementing AI persist across the industry. For Prudential, data quality and prioritizing use cases are key considerations, while Blue Insurance pointed out the difficulties in sourcing skilled talent and having accurate data. Novo AI noted the rapid pace of AI development, making fast iterations and keeping up to speed with model enhancements are essential to long term success. These insights underscore the need for deliberate, well-structured strategies tailored to tackling insurance’s unique challenges.

Ensuring Fairness and Accuracy with “Humans in the Loop”

A key theme throughout the discussion was the necessity of human oversight in AI to maintain fairness and accuracy. Gilbert Leung emphasized the importance of human expertise is integral at each stage of AI operations, ensuring that AI systems are designed with diligence, reducing biases and upholding ethical standards. Particularly in fields like healthcare, where AI-driven decisions impact sensitive human outcomes, this level of human judgment is essential for building trust and accountability.

AI as an Essential Tool for the Future of Insurance

Last but not least, the discussion ended with a mutual agreement that AI has progressed beyond being a competitive advantage to a survival kit. With its ability to streamline claims handling, enhance transparency, fight fraud and abuse, AI is reshaping insurance operations like never before. Meanwhile, human oversight remains indispensable to ensure that AI-driven decisions reflect both care and ethical integrity. This balanced approach to integrating AI sets a responsible path forward, allowing insurers to harness AI’s potential while maintaining customer trust.

For more info: partnerships@heynovo.ai 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/hot-from-hong-kong-fintech-week-2024-ais-role-in-transforming-insurance-302290275.html

SOURCE Novo AI

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Validation Cloud Secures $10M Lead to Scale AI for Web3 from True Global Ventures

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October 30, 2024

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ZUG, Switzerland, Oct. 30, 2024 /PRNewswire/ — Validation Cloud, the leading Web3 data and AI company, has selected True Global Ventures as its lead investor, contributing $10M. The company plans to use the funds to expand its AI product, bringing seamless access to Web3 data and enabling unparalleled user experiences in network ecosystems and applications.

“Web3 needs seamless access to data to reach a billion users; Validation Cloud is solving this critical hurdle to adoption through technological breakthroughs in its core platform alongside AI. We have seen staking and node API services, but never in combination with AI. This is what we are most excited about with Validation Cloud’s data product offering for Web3 infrastructure companies,” said Beatrice Lion, CEO & General Partner of True Global Ventures.

The company’s product platform comprises three components: staking, node API, and data & AI. In staking, Validation Cloud has exceeded more than $1 billion of assets staked, growing 400% year-over-year. Further, its Node API consistently demonstrates the best global performance, measured by CompareNodes. Some of Validation Cloud’s clients include Chainlink, Aptos, Consensys, Stellar, and Hedera.

Most notably, its AI platform makes on-chain data exploration easier and faster. Validation Cloud’s platform drives greater engagement by compressing navigation from hours to seconds, resulting in a larger, more active user base. This innovation represents a distinctive step in making blockchain data more accessible.

“We are thrilled to partner with True Global Ventures due to their global commercial reach, focus on the intersection of Web3 and AI, and synergistic portfolio. TGV has a deep alignment with our mission and exceptional value-add beyond their capital,” said Alex Nwaka, Co-Founder of Validation Cloud.

“We see the future of Web3 being shaped by the combination of AI and infrastructure. Validation Cloud’s focus on making data more accessible is exactly what the industry needs to scale,” said Aly Madhavji, Managing Partner of Blockchain Founders Fund.

Validation Cloud is one of the fastest-growing companies in Web3. This funding round follows the company’s raise in February 2024, led by San Francisco-based Cadenza Ventures, with participation from Blockwall, Bloccelerate, Side Door Ventures, GS Futures, AP Capital, Blockchain Founders Fund, and Metamatic.

About Validation Cloud

Validation Cloud is a Web3 data and AI company with industry-leading products in staking, node, and data-as-a-service. Validation Cloud is trusted by the top networks, applications, and enterprises in Web3, demanding #1 performance, scalability, and SOC2 Type 2 compliance.

Learn more at Validationcloud.io | LinkedIn | X  | Podcast

About True Global Ventures, TGV

TGV 4 Plus Fund invests in AI and blockchain-driven companies globally. TGV backs visionary entrepreneurs in sectors including AI, entertainment, technology infrastructure, and financial services in the early stages and beyond Series B.

View original content:https://www.prnewswire.com/apac/news-releases/validation-cloud-secures-10m-lead-to-scale-ai-for-web3-from-true-global-ventures-302289919.html

SOURCE Validation Cloud

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Getac Integrates Sony Semiconductor Solutions’ SORPLAS™ Environmentally Conscious Plastic into its Range of Premium Rugged Products

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4 mins ago

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October 30, 2024

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News in brief:

Getac aims to take a new step towards a sustainable world by adopting SORPLAS™ from Sony Semiconductor Solutions (SSS) in its Premium Rugged Products, beginning with the recently launched S510 rugged laptop and K120 fully rugged tablet.SORPLAS is an environmentally conscious plastic developed and provided by SSS, which can achieve up to 99% utilisation rate of recycled materials.The announcement reaffirms Getac’s collaboration with SSS to delivering long-term sustainability in the technology manufacturing industry

TAIPEI, Oct. 30, 2024 /PRNewswire/ — Getac Technology Corporation (Getac) today announced a new step towards a sustainable world by adopting SSS’ innovative SORPLAS into its range of premium rugged laptops and tablets. The announcement reaffirms both companies’ collaboration to utilising environmentally conscious materials and developing products that create a more sustainable future for all.

SORPLAS is an environmentally conscious plastic developed and provided by SSS, which can achieve up to 99% utilisation rate of recycled materials. SORPLAS is incredibly durable, even in high-temperatures and humid environments where plastics can quickly deteriorate, and it also gives consideration to aesthetics. Thanks to the above-mentioned high-quality standards and environmental friendliness, SORPLAS is used in Sony Group’s products, as well as outside Sony Group companies.

In addition, compared to virgin flame-retardant polycarbonate resin, the amount of CO2 emitted during SORPLAS production is significantly reduced, and it has been technically confirmed that its properties can be maintained even after repeated recycling.  As a result, its adoption can greatly reduce the environmental impact of technology manufacturing in the future.

Getac’s goal is to harness technology wherever possible to fulfil its commitment to the environment. A key part of this has been steadily increasing the use of PCR (Post-Consumer Recycled) materials during the development phase of new products. The first integration of SORPLAS into its premium range of products came with the launch of the S510, the world’s first AI-ready rugged laptop, followed by the highly versatile next generation K120 fully rugged tablet. The successful adoption of PCR materials underscores Getac’s dedication to delivering environmentally friendly products while maintaining the high levels of reliability and performance demanded by customers across the rugged industries.

“The technology industry has a collective responsibility to protect our planet for future generations,” says Eita Yanagisawa, Senior General Manager of Sony Semiconductor Solutions Corporation. “SORPLAS embodies our commitment to fulfilling this responsibility, utilising cutting-edge recycling technology to achieve an exceptionally high utilisation rate of recycled materials. It is already used extensively in Sony Group’s products, and we’re excited to bring it to a wider audience through partnerships with other environmentally conscious companies like Getac.”

“Getac is firmly committed to creating a more sustainable future through environmentally responsible design and manufacturing, and we actively pursue innovation that enables us to achieve our goal,” says James Hwang, President of Getac Technology Corporation. “Implementing SORPLAS into our rugged devices is the latest step on this path and we look forward to working closely with Sony Semiconductor Solutions to bring it to more of our products and solutions going forward, helping to safeguard the future of our planet for future generations.”

About Getac

Getac Technology Corporation is a global leader in rugged mobile technology and intelligent video solutions, including laptops, tablets, software, body-worn cameras, in-car video systems, digital evidence management and enterprise video analytics solutions. Getac’s solutions and services are designed to enable extraordinary experiences for frontline workers in challenging environments. Today, Getac serves customers in over 100 countries spanning defence, public safety, ambulance, fire & rescue, utilities, automotive, natural resources, manufacturing, transport, and logistics. For more information, visit: http://www.getac.com. Participate in the Getac Industry blog or follow the company on LinkedIn and YouTube.

Getac and Getac logo are trademarks of Getac Holdings Corporation or its affiliates. Other brands or trademarks are the property of their respective owners. ©2024 Getac Technology Corporation.

“SORPLAS” is a trademark of Sony Group Corporation.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/getac-integrates-sony-semiconductor-solutions-sorplas-environmentally-conscious-plastic-into-its-range-of-premium-rugged-products-302288376.html

SOURCE Getac

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