Impact of big data and artificial intelligence

- The beauty of data is that it assists you to make informed and strategic sourcing decisions. Knowing how to properly leverage big data can transform your sourcing process from reactively filling a job opportunity to proactively anticipating needs and pipelining talent in advance. Big data is currently being applied to the talent acquisition process in numerous ways including tracking the following metrics: time to hire, costs per hire, candidate experience scores, job offer acceptance rates and retention. Understanding big data can help any business, regardless of size, gain better insights into the job market and talent pool. Big data also reveals candidates' behavior and other key factors that impact sourcing, recruiting and hiring decisions. The retention of the candidates you source reveal the best resources for talent. You can also identify weaknesses in your sourcing process when a candidate you sourced becomes…