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Archivo del Autor: Belen De Leon

Discovering that deckhands make great waiters — and why this matters

Breakthroughs in HR tech are not only giving employers game-changing tools with which to enhance processes and attract the best talent, they’re also solving longstanding labor gremlins, such as gender pay parity and blind hiring. At the same time, they’re giving employees novel means by which to accrue and auto-tag prequalifying skill sets for job scenarios far beyond their current positions. But there are opportunities in matching current/future employee needs with what employers can offer.

In January, Gartner projected that HR tech would drive growth in worldwide IT spending in 2018. I’ve spent the last few months better understanding the landscape, so I’m better-positioned to gauge how the cards will fall. I interviewed 10 leaders in human resources — thanks to people like Jan Fiegel (SideWalk Labs), Parker Barille (former VP Product LinkedIn), Cindy Cordon (Policy Genius). Here’s what I gleaned.

First, let’s clarify misconceptions

HR tech is a huge space

Yes. It will be, but it is still not that big today. The global HR tech industry is estimated at $400 billion, but investments are sensitive to economic shifts. Deal activity in HR tech has increased steadily since 2012, or 175 percent from 2012 to 2016, as shown in the chart below. But investment dollars peaked at $2.4 billion in 2015. In 2016, there were 402 deals worth approximately $2.2 billion in funding, and 2017 closed out with about $1.1 billion in funding for HR tech companies.

Source: CB Insights

Diving in deeper, current spend on HR is small compared to most other functions within a company. For example, while the global HR software market is forecast to grow at a compound annual growth rate (CAGR) of 2.4 percent, reaching $9.2 billion by 2022, Gartner shows Customer Relationship Management (CRM) at a $36.5 billion worldwide market in 2017.

But, the venture opportunity with HR tech will grow over time, fueled by social pressures, by industry need for data and efficiency, and to rise above in a competition for top talent.

HR benefits platforms are the next big thing

A new workforce generation is driving exciting use cases for HR benefits platforms. Companies are hatching creative perks for employees, such as adopting progressive health plan “plus” platforms like Robin Care or LUCY, a service for employees with families, whose motto proclaims that it “helps employees love the family they grow and grow the career they love.”

But platforms like these could potentially be on the chopping block if recessions strike. A change of mindset and a saturation threshold will need to be reached for employers to accept these as “indispensable” employee needs and not just exotic perks for the millennial crowd. That said, I’m cautiously bullish on these platforms and would love to see them succeed.

We have some ways to go before HR benefits platforms prove sticky in the post-recession era. According to a Bloomberg BNA report, HR department budgets grew ~4-7 percent annually before the Great Recession, just 2 percent in 2009 and have only semi recovered to a 4 percent annual growth rate. Sustained market growth will be key to ensuring that value-added platforms become the new normal.

What still rings true

Companies still want better candidate assessment tools

LinkedIn only works for mid to senior-level hires. For fresh college grads and junior white-collar workers, it is hard to go off a traditional resumé because experience can be unconventional at best. It’s why companies like Portfolium and Strive Talent are finding creative ways to showcase skills and are boycotting traditional experience-based resumés. HireVue has a video-based assessment system that can literally read candidates’ faces and assess their honesty and the quality of their answers.

HR by VR (and AR) combines immersive experiences with efficiency, and there have already been significant investments in the space this year. Israeli startup ActiView, which has developed VR technology for assessing job applicants, raised $6.5 million in a Series A financing round from Teddy Sagi Group. AllyO, a provider of AI recruiting technology, raised a $14 million round.

Companies want to know what software to use

As the number of HR tech companies grows — just take a look at this HR tech landscape by Silicon & Salsa — companies at times struggle with the overabundance of choice. A platform to find your best tech solution, like the Salesforce AppExchange, is a gap in the market to help companies navigate options. TechnologyAdvice is a good start, but the UI is not friendly or intuitive.

Imagine an enviable world in which employees have all the support they need to achieve the pipe dream of work/life balance. 

Beyond just picking the best-in-class app, there needs to be a data sync across different platforms to improve predictors around candidate attributes and future churn. With companies targeting segments of HR tech, there’s a clear need for an overarching data record system that can enable big data analysis across platforms.

HR staff spend too much time recruiting new employees

On average, the interview process spans 24 days in the U.S. Automation is key to decreasing the amount of time existing employees spend courting a candidate and interviewing, and there are platforms addressing these time-intensive tasks, as well as others.

The recruiting landscape is crowded, but ripe for experimentation with feature/benefit creep. Companies like LearnUp are not only helping companies schedule interviews and prep for them, they’re also adding to their platform skills-building lessons and job-coaching resources. Taking it one step further, companies like madeBOS are creating economic mobility for entry-level workers in retail and adjacent sectors by empowering employees to drive their own development, saving valuable HR staff time.

Matching skills to jobs for blue-collar workers enables high performance

When a restaurant recruits wait staff, they typically look for people who have worked at other restaurants. The same is true in retail. In finance, we always caveat previous performance or experience by indicating that it is not indicative of future performance. And this reliance on the past couldn’t be more misguided in hiring hourly employees, because it is the skills that matter — speed, good interpersonal skills, memory (for orders), etc.

If you were able to match skill sets only, a deckhand makes a great waiter. LA-based Talytica boasts an ability to assess cognitive ability, personality, strong career interests and specific job skills in the hourly talent management space, theoretically resolving this critical disconnect.

Imagine an enviable world in which employees have all the support they need to achieve the pipe dream of work/life balance. Or one in which candidates are sifted by skill and not the biases associated with background, gender or ethnicity. These are just two of the tectonic benefits HR tech can deliver across the board, connecting dots and leaving bare why certain deckhands could make exquisite waiters. Having explored this vertical, it’s clear to me that HR tech platforms are the surest way to yield the unquestioned must-haves the market now demands on both sides. It now remains to be seen which companies can deliver on engagement and codify this season’s visionary investment choice into the industry’s “new normal.”

Are you an entrepreneur with a fresh take on HR tech? Reach out and tell me more.


Source: TechCrunch

Spam filters and AI help figure out what animals do all day

The pond-dwelling Hydra is not a very complex little animal but it does have a complex repertoire of moves that aren’t clear until after extensive human observation. Examining these moves took a long time and scientists were never sure that they had seen all of them. Now, thanks to an algorithm used to catch spam, researchers have been able to catalog all of the Hydra’s various moves, allowing them to map those moves to the neurons firing in its weird little head.

“People have used machine learning algorithms to partly analyze how a fruit fly flies, and how a worm crawls, but this is the first systematic description of an animal’s behavior,” said Rafael Yuste, a neuroscientist at Columbia University . “Now that we can measure the entirety of Hydra’s behavior in real-time, we can see if it can learn, and if so, how its neurons respond.”

Luckily, the little Hydra was pretty predictable. From the report:

In the current study, the team went a step further by attempting to catalog Hydra’s complete set of behaviors. To do so, they applied the popular “bag of words” classification algorithm to hours of footage tracking Hydra’s every move. Just as the algorithm analyzes how often words appear in a body of text to pick out topics (and flag, for example, patterns resembling spam), it cycled through the Hydra video and identified repetitive movements.

Their algorithm recognized 10 previously described behaviors, and measured how six of those behaviors responded to varying environmental conditions. To the researchers’ surprise, Hydra’s behavior barely changed. “Whether you fed it or not, turned the light on or off, it did the same thing over and over again like an Energizer bunny,” said Yuste.

The system used to map the Hydra’s reactions can be used to map more complicated systems. The researchers essentially “reverse-engineered” the Hydra and may be able to use the technique to “maintain stability and precise control in machines, from ships to planes, navigating in highly variable conditions.”

“Reverse engineering Hydra has the potential to teach us so many things,” said Shuting Han, a graduate student at Columbia.


Source: TechCrunch

DNC launches tech marketplace for Democratic candidates

The Democratic National Committee is trying to help Democrats regain the pole position as the tech-savviest political party in the U.S.

After getting Trumped in the 2016 election (pwned on security, data analysis, and at the polls), the DNC is launching I Will Run a marketplace for software, services and training to upgrade the campaigns of Democratic candidates.

Announced today by Sally Marx, the tech program manager for the DNC, the new marketplace will have a host of tech tools that campaigns can use to get off the ground, manage their progress, and ensure easy outreach to voters.

A profusion of political services have sprung up in the months since Donald Trump took the Presidency. Energized technology developers (on the whole a pretty left-leaning bunch) tuned in to politics, turned on new services and (in some cases) dropped out of their careers at high profile shops like Google, Facebook, and other Bay Are behemoths to join the political circus — or at least build tools for it.

“[We’ve] heard repeatedly from candidates and campaign staff that they are unsure what tools are out there, and simultaneously feel as if they are being fed too much information by vendors,” says Marx. “On the other hand, many of these innovators are not always reaching campaigns effectively  –  some state parties and campaigns, therefore, are in the dark about some of the innovative new technology that they should know about. And, finally, we’ve been in touch with funders and supporters who want to boost the progressive tech ecosystem, but aren’t clear on where those opportunities are.”

The marketplace, which Marx writes is explicitly for Democratic campaigns is a curated compilation of tools used by campaigns and tools tested by DNC-funded case studies.

One of the companies already on the platform is the secure messaging service, Wickr, which has been working with campaigns from both parties to secure their communications. Wickr’s one of around 56 companies and non-profits that are listed on the site in one of six categories: digital (which is crazy general), finance, research, security, training organizations, and voter outreach.

The DNC tech team will also use the site to coordinate training, volunteers and pricing for Democratic campaigns. They’re piloting the program in states like Nevada, Arizona, Washington, Texas, Florida, Massachusetts and Iowa.

For campaigns interested in seeing what wares I Will Run has on offer, the DNC tech team is taking its show on the road with a whistle-stop tour at DNC events so state parties and campaigns can demo the tech.

 


Source: TechCrunch

Amazing photos taken on the Samsung Galaxy S9 – CNET

These beautiful photos were all taken with the same model of smartphone.
Source: CNET

Virgin Hyperloop One wants to cut 4-day cargo truck journeys to 16 hours – CNET

Virgin Hyperloop One and trade logistics company DP World have created a new cargo brand “built for an on-demand world.”
Source: CNET

NASA astronauts break out guitars for ISS space jam – CNET

NASA astronauts and Russian cosmonauts get out guitars and flutes on the ISS to rock out as a band called “AstroHawaii.”
Source: CNET

The weird advantage Jeff Bezos' Blue Origin says it has on SpaceX – CNET

Jeff Bezos and Elon Musk are billionaires racing to make recyclable rockets. Musk has a big head start, but Bezos’ company is looking for ways to one-up SpaceX.
Source: CNET

Lyft edges in on Uber when it comes to business travelers – CNET

As Uber crushes the ride-hailing market, it still lost nine percent of business passengers to Lyft, according to Certify’s new report. It’s looking even more bleak for taxis.
Source: CNET

How to get Microsoft’s April 2018 Update today and experience the new Timeline

Microsoft’s April 2018 update for Windows 10 is now available to download, and we show you how to get it on your PC. There are new features — Timeline is the most notable addition to Windows — and security updates.

The post How to get Microsoft’s April 2018 Update today and experience the new Timeline appeared first on Digital Trends.


Source: Digital trends

There’s something called Bacoin now

To paraphrase a saying popularized by countless dorm room stoners: “First they ignore you, then they laugh at you, then they fight you, then you use the hype around decentralized crypto economies to sell bacon.” The latest example of this age-old adage comes to us from Oscar Meyer and involves their exciting new cryp-faux-currency, Bacoin.

The currency can be redeemed for bacon and you “mine” it by sharing the good news of bacoin with your friends. Instead of taking up massive amounts of electricity, the production of the final store of value – pig parts – requires only a massive agricultural system dedicated to the wholesale destruction of mammals that are as smart as dogs and, in the right context, quite cute. The end product, bacon, is considered by many to be far more interesting than anything Vitalik created. In short, it’s a win-win.

How does it work? It’s basically a sweepstakes. From the rules and regulations:

The value of the Bacoin is tied to overall sharing meaning that the more people who share via the Website (as outlined above), the higher the value of the Bacoin. If overall sharing is slow, the value of the Bacoin will decrease. If sharing is slow and the value of the Bacoin is low, Sponsor may increase value of Bacoin in its sole discretion. The current value of the Bacoin will be displayed on the Website. Once the Bacoin is at a value you want, follow the instructions to “cash out” and you will receive a coupon with the corresponding value (all possible values of the Bacoin coupon are outlined in Section 4 below).

The current value of a single mined bacoin is about 28 slices of bacon and the more you share the more you mine. Given that it is in no way a decentralized cryptocurrency and has nothing to do with anything technical at all I’m hard pressed to find a reason to post this here except to admire the sheer chutzpah of a company who knows exactly what breed of Reddit-loving bacon eater will jump at a chance to Tweet about pork products. To paraphrase another saying by my friend Nicholas Deleon: I hope the asteroid they promised comes for us all soon.

Bacoin. Yeah.


Source: TechCrunch

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