retrain.ai, a talent intelligence platform, announced the launch of its new AI-powered engine, Sofi, designed to map skills, roles and talent, and provide real-time market data to help enterprises and HR executives match talent to career opportunities.
Using Artificial Intelligence and Machine Learning, SOFI assists organisations in hiring, and retraining and re-skilling existing talent for jobs of the future to ensure greater diversity and inclusion, while empowering employees and job seekers to take control of their careers.
Sofi quantifies skills, occupations and roles, and incorporates market data with enterprise data in order to analyze and predict job fit and work readiness levels.
The platform dramatically shortens the reskilling and upskilling process, cuts hiring costs and optimises talent management using millions of real-time data points about jobs, occupations and skills.
Sofi uses next generation AI algorithms that unlike other tools does not use semantic algorithms to compare individuals’ skills, but relies on a new knowledge graph developed by retrain.ai to measure distances and similarities between the candidate and other people occupying similar jobs.
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Sofi’s features include:
- Real time market data about jobs and skills required per job
- Ideal Skill profile for every job description
- Organisational internal data about individuals, translated into skills inventory
- Detection and visualisation of skills gap
- Diversity and Inclusion insights
- The ability to create JDs automatically and customise them, with internal organisational data
- Costs of hiring and learning and development plans per career path
“We live in a rapidly changing world, and it has become impossible for any modern organisation to manually manage the skills gap,” said Dr. Shay David, co-founder and CEO of retrain.ai. “Many large employers are undergoing digital transformation, and along with the technology backbone they are now focusing on workforce readiness which is a huge challenge.”
