The BFSI sector is facing a perfect storm of obstacles, with the rapid pace of technology, market uncertainties, and evolving regulations creating a tumultuous environment.
Business Process Outsourcing, commonly known as BPO, is becoming increasingly popular, especially in the Asia-pacific region including Southeast Asia. The BPO market is rapidly growing because of the increased adoption of outsourcing by different organizations as part of cutting costs and improving their efficiency. With the development of digital technologies like AI, Machine Learning, automation and so forth, there is an increased expectation of the BPO market to boom in the SEA region. As per a recent study, revenue for the Asia-Pacific BPO is expected to surpass US $72.38 billion (about $220 per person in the US) in 2023. This further depicts the hidden potential of the BPO industry.
In today's changing era of work, many companies have already started leveraging tools like video interview assessment during the hiring process. Undoubtedly these interview tools provide convivence and an effortless method of identifying top candidates.
Amidst the UAE's quest for economic growth, a surprising challenge emerged—a scarcity of local Emirati talent in the private sector. With a mere 4% of Emiratis working in this domain, the government set a bold target to raise this number to a remarkable 10% by 2026.
Before September 2021, the term and idea of "GenAI" were relatively unknown to the general public. However, since then, 'GenAI' has emerged as a powerful force, causing significant disruptions in various fields.
Are you tired of managing employee performance and skill development manually?
Finding the right, talented individuals to join your organization can be challenging in a campus hiring model, which often involves a significant expenditure of resources and time. That's why in order to build a successful approach, many companies have started leveraging university hiring platforms.
Thinking about investing in talent intelligence tools? Is Eightfold in your mind?
Hiring for a technical role has always been a challenge for companies. The talent pool is limited, and measuring and comparing the technical competencies of each individual is difficult.
Redis - or Remote Dictionary Server - acts like a database or cache which is open source. It is a high-performance, high-speed database structure that allows enterprises to scale their operations exponentially with low latencies and high speeds.
The need for reliable and efficient remote proctoring software is more important than ever before. And why not? Recruiters can expand their talent pool beyond geographic boundaries. As per estimates, the online proctoring market is expected to reach US$ 1,742.95 million by 2028. Clearly, there's a rise in the adoption of remote proctoring.
