Why is AI, RPA and Blockchain the useful technology for the future?

 

The Customer Relation Management system has been the helping hand for the recruitment forces and the consultancies around the world. The entry of the required candidate is picked with the criteria set by the management or a team availing for the candidates. The technologies like Artificial Intelligence (AI), Robotic Process Automation (RPA) and the trending Block Chain technology has introduced the model to Customer Relation Management System (CRM). This enrolment and the recruitment system has many advantages to pick the services to be monitored easily than the previous versions of CRM. The companies are by far buying the products that makes the process easy for the department that reduces the man power. This might have a big change in the recruitment and the enrolment process. The best advantage for the companies would be the investment of money on employees and the more on technologies. Education institutes are also in the run to make their structure open sourced by bringing more of technology driven Applications.

The use of this modern technology is advantageous as the process of cost cutting is better compared to the older technology with more investment. The more of it is advantageous is for the universities and colleges as both the enrolment process and recruitment process is set in a single cycle of application development. An entry to enrol a student would end with the start of recruitment process for the same student after the education process. This helps students to not miss their eligibility criteria in their professional carrier. This dataware house philosophy has largely helped the institutions to collect and save the data within a small space.

The big HR firms have also come up with this technology to shortlist the candidates with the set eligibilities. This also has reduced the time in shortlist the candidates and fastening the recruitment process. The filtering of candidates in the System is a helpful medium for the recruiting managers or the CEO’s to select a skilled employee. Candidates also are advantageous by this technology as more of the applications can be browsed and applied for. This results in many interviews and chance of getting a job is increased.

The new technology is highly used in Banking Sector. Banking sectors will have a huge advantage with the implementation of the technology as security services would be strong and a lesser chance of losing the data. The high end security application through technologies like AI, RPA and Blockchain would solve the hacking issues created in the last decade or before the last.  

The one big disadvantage of the new technology is, nearly a shortage of employment that leads to a huge percentage is unemployment.

So, to conclude, this new technology drive have helped the institutions to improve their growth and reduce the cost on their investment cycle. Also these technologies have helped the institutions to result in a good customer satisfactory position.