In a world where we are constantly looking for a faster and easier experience to almost anything that we reach for, we are seeing technology become involved in everything we are doing. The hiring process is no different, as both companies and applicants demand a better, faster and more customized experience. 

Companies in particular, must immediately take steps to make this process more efficient and convenient, otherwise you chance losing the candidate in your process. In this current climate, with all time low unemployment rates, employers must make the necessary changes in order to not only capture but hold on to the candidate’s attention. 

In the quest for speed and accuracy in technology comes the discovery of Artificial Intelligence (AI). Artificial intelligence is the use of algorithms that imitates human intelligence to carry out mental activities and create solutions through interaction, visual insight, thinking process, natural language processing, and planning. It is that aspect of a computer system that aims to model and apply the intelligence of the human mind. Invariably, it's a computer with human intelligence.

 Since the emergence of AI, the 21st century has greatly started to approach it in the transformation of different spheres of industry. However, very few companies have applied it or plan to apply it to enhance its recruitment processing.
 Some companies are ahead of the curve and already implementing and providing AI-powered technology to not only improve the candidate’s experience but to make the process smoother and faster for the employer processing and applicants. 

IBM
The International Business Machines Corporation is an American multinational information technology company headquartered in Armonk, New York, with operations in over 170 countries. IBM is among the few technology gurus experimenting on new ways via artificial intelligence to overcome the labour market challenges involving people of different levels of life. Hence, in 2020, IBM is set to explore the system of artificial intelligence to grant a job to those with little or low education background but with productive skills. This is to prevent human bias during the recruitment process and to create hope for skillful but unemployed.

CareerBuilder
CareerBuilder is an online employment website founded in the United States that helps match employers and potential employees in various industries. It also has offices in Canada, Europe, and Asia and has cornered a large market share among online employment websites in the United States. 

Recruiters complained that 50% of the jobs on the site are unfilled. Hence, CareerBuilder has launched the Talent Discovery Platform (TDF) that will help recruiters find potential employees 50% faster and will increase applicant traffic by 175% by 2020. The platform will also help employers to know how efficient a post will be at attracting candidates via each candidate's appeal score.

TopDevz
TopDevz is a US-based firm that offers companies simple and complex software development services using premium-level developers, designers, project managers and QA testers in the United States and Canada on a project basis. They have an average of 10-year experience in software development. It uses a unique model that has served Fortune 500 and new startups as well. TopDevz premium excellent service is being trusted by Toyota, Surfline, Simplot, and Parker, e.t.c.

The award-winning software development consulting firm will reveal its new multi-million dollar on-demand video hiring tool by January 1, 2020. This can be used to create a customized virtual process and it's proven to increase the recruiter’s effectiveness while enhancing the candidate's experience. This technology has been tested to improve and accelerate the screening process by ten times and it will also allow recruiters to customize the process right from the candidate’s login for the job specifying what information recruiters desire, like, resume, cover letter, references, etc. This technology also eases the restrictions of coordinating schedules both with the candidate and the hiring team, as the video interviews can be completed by the candidate at their convenience and easily viewed on demand by the hiring team. 

Talview
Talview is a value SaaS business company funded by leading Silicon Valley-based VC firms and currently operates out of the United States, Singapore, and India, with its headquarters in San Jose. It is an insta-hiring platform that empowers organizations by granting them a mobile and remote process, automating routine tasks and recycling data across the recruitment process the fastest way to hire for enterprise employers across the globe. 

This will take the entire process of recruitment online and remove schedule and location constraints associated with hiring to make the process faster and cut human intervention to about 60% by 2020.

Catalyte
This is an enterprise software company that has its locations in Baltimore, Boston, Portland, Chicago, and Denver. Catalyte has also developed a process to eradicate the biased way of recruitment. They implore the use of Artificial Intelligence to identify individuals, regardless of background, who have the innate potential and cognitive ability to be great software developers. 

Catalyte’s predictive analytics platform has narrowed the talent gap for Fortune 1000 companies. They have served some of the top organizations including Redhat, Stubhub, and Vistana, e.t.c.

Humana
Humana Incorporation is a for-profit American health insurance company based in Louisville, Kentucky. It has records employees of over 40,000 which makes assessing of resumes longer and burns unnecessary time and energy.
 However, Humana has decided to introduce the use of artificial intelligence in recruitment by using on-demand video and voice interviewing as a screening tool. This is totally in contrast to live recruiter on phone screens which has a lot of limitations compared to the newly found technology. Applicants who pass Humana’s initial screening questionnaire, now get an automated invite to complete an on-demand video or voice interview, hence, enhancing more applications and faster recruitment process by 2020.

DBS Bank
DBS Bank is a multinational banking and financial services corporation headquartered in Marina Bay, Singapore. It is Singapore's largest financial firm, hence, there is an influx of resumes to be assessed per month.
DBS has developed a custom-built robotic AI system named JIM (Jobs Intelligence Maestro) to streamline the recruitment process. JIM uses cognitive and personality tests to assess candidates, as well as answering certain questions on issues related to the applied post in the bank.

However, DBS is developing an algorithm for JIM and in turn will use data analytics to identify the predictive behaviours of aspiring employees such as turning up late for meetings, using up holiday time and going home early by 2020. This will enhance the recruitment of more faithful employees.

Unilever
Unilever is a British-Dutch transnational consumer goods company that focuses on products that include food and beverages, cleaning agents, beauty and personal care products.

Unilever has employed the help of a US-based artificial intelligence company named HireVue to enhance its recruitment process. The algorithms of HireVue assess potential recruits using facial and linguistic information gathered from previous interviews with successful candidates.

This has gradually caused a large profit of about $1m for the organization and a cumulation of 100,000 hours per year. By 2020, this profit will set to cause more employment opportunities for more people, hence, artificial intelligence will cause a recycling of revenues.

Mya Systems
Mya Systems is a San Francisco-based company which launched Mya. Mya is a conversational AI-recruiter that combines Natural Language Processing (NLP), Machine Learning (ML) and a conversational interface to address major inefficiencies in recruiting and improve the process for both job candidates and recruiters.

However, causing a brighter smile on the face of recruiters in 2020, Mya has partnered with Workday, a company that offers enterprise-level software solutions for financial management, human resources, and planning. This partnership will help recruiters to create a competitive advantage by elevating their employer brand with candidates, improve candidate, employee, and recruiter experiences through the use of conversational AI.

IKEA
IKEA is a Swedish multinational group that designs and sells ready-to-assemble furniture, kitchen appliances and home accessories, among other useful goods and occasionally home services.

Every year, IKEA receives thousands of resumes from interested candidates, looking to be part of the ecosystem of the company. To reinforce the recruitment, IKEA selected the AI-based hiring assistant – ‘Robot Vera’ which can conduct 1500 interviews in a single day and send out customized follow-up emails.

By 2020, IKEA plans to recruit over 3,000 young employees in China to boost their revenues in the new fiscal year. Vera, therefore, will create a cheaper and quick recruitment process.

In conclusion, the implementation of artificial intelligence into recruitment, the enhancement that comes with it – such as, improved quality and objectivity in recruitment, cost and time saving – can never be overemphasized or relegated to the background. The innovative approaches by the above companies will build a more creative approach to recruitment and will set them apart from their competitors. Artificial intelligence is always going to be a win-win in the recruiting industry.