When it comes to hiring the right developers, companies are draining all of their resources to get the top talent within this competitive tech niche. This is because the need on the market is way more substantial than there are qualified engineers and developers for it.
According to Business Insider, the full-stack developers, java developers, back end developers, and robotics developers have seen a 25-40% annual growth in the past five years. The list peaks with Artificial Intelligence (AI) specialists that have seen a 75% yearly growth in the past five years.
The position AI/machine learning engineer is also number two of the top 10 in-demand tech jobs by TechRepublic. Statistics loudly speak about the high demand of AI developers that makes local recruitment agencies unable to find experts tailored to the company’s needs. Therefore, getting top-notch AI talent most of the time requires a more effective recruitment process by a specialized tech recruitment partner.
Define Your Needs and Goals
There are several industries where AI is booming, and the two most popular ones are healthcare and the automobile industry. While for car-lovers innovations in AI mean having self-driven, eco-cars, the impact of technology in the healthcare industry is way more vital. In medical terms, data storing and processing done by AI predicts and prevents many diseases from actually happening. Future innovations will most probably create products that will extend the lifespan of humanity in general.
So, when looking for AI engineers, you have to look for those who have experience in your field. The developer who will work on a healthcare project needs to have a particular set of skills. Yet, other features are essential for developers who are going to work within the automobile industry.
What is more, you should define whether you’ll need candidates who’ll apply AI services to your project or design them. For instance, try comparing a macOS developer to someone who creates this OS. The difference in the skills and experience are incomparable.
When it comes to hiring AI professionals, you have two recruiting options. The first one includes having a trained in-house team of recruiters. Nevertheless, this type of investment will cost your company a lot of time and money, and it may still not provide satisfying results. The second and more reasonable option you have when it comes to hiring AI professionals is a collaboration with a tech partner that already has dedicated recruiting teams to AI.
Going for an IT Staffing Company
If you choose an IT consultant to build a team of developers for AI healthcare projects, then here is what the whole process of staffing and recruitment will consist of:
- HR Venting to find the right candidates according to the job description. Even from the creation of the job description, the job will be in the hands of experienced tech recruiters, leaving no space for mistakes. A precise job description will vent out all the candidates who aren’t entirely suitable for the job. Your IT consultant will make sure that the pool of talent they reach out to is matching to the background, education, experience, personality and communication requirements for the role.
- Technical Interview with the candidates by a tech lead that has the same level of knowledge and seniority as the position requires. Therefore, in this case, the Interview for getting the right developer for the AI-enabled healthcare project will be done by an AI engineer. It is a more fruitful approach leaving no chance to mistake. A regular HR professional may have no thorough insight into the role, skills and specific details, so an AI developer does the Interview.
- Finding a candidate who is a cultural match is essential for the candidate to blend in effectively into the company’s culture.
- Project Management is the fourth step once your company decides to go for a particular candidate. However, your IT staffing consultant will help you manage your employees, assigning them the projects. For instance, forward-thinking AI engineers will work on more creative and innovative AI-focused projects or products.
- Process Assessment includes constant monitoring of the work processes by the dedicated teams. In the end, it’s all about ensuring that the final product will be quality and tailored to the company’s needs and expectations.
Going a Step Further to Reach AI Developers – Taking Part in AI Conferences, AI Summits and Hackathons
A highly intuitive process for IT staffing companies is to be a part of tech and AI conferences. These two events not only upgrade the talent of their current teams but also help them meet global professionals. Exploring more into modern methods of recruitment that include reaching out to experts, rather than waiting for them to come to you is what ensures quality. Codefests and AI summits are ways to get to valuable AI talent that you can’t find elsewhere.
As can be seen, finding the right programmers for your AI-enabled healthcare project can be quite challenging. If you take into consideration the shortage of experts on a global level, recruiting agencies sometimes can’t provide you with the right fit.
So, the best option is to collaborate with a specialized AI recruitment agency and let them help you get your dedicated team. This way you’ll get access to global talent! You can also explore some unique ways of getting to AI professionals, such as networking and getting the right connections at AI conferences and summits. We wish you the best of luck in the hunt!
Cryptocurrency Market Report 2020: Technology, Applications and Implementation for Financial Services
TCS Positioned as a Leader in Capital Markets Operations by Everest Group
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized as a Leader in the Everest Group PEAK Matrix™ for Capital Markets Operations1.
In an assessment of 24 global service providers offering capital markets operations services, TCS was placed highest for Vision and Capability, as well as Market Impact. Additionally, it was named a Star Performer for having top quartile year-on-year improvement in its scores.
TCS’ strong position in the overall capital markets segment is attributed to consistent growth in its portfolio with multiple new wins. According to the report, the company has continuously worked on creating solutions backed with the latest technology to help its customers solve operational problems more efficiently. It mentions TCS BaNCS™ Cloud for Asset Servicing that automates the servicing of multiple asset classes across custodians, brokerages, asset managers, and investment banks. The report also highlighted a successful POC where TCS powered the world’s first cross-border securities settlement between two central depositories using Quartz™ Blockchain.
“With growing competition in the capital markets segment, customer preference for digital channels, and increasingly complex regulations, financial institutions are banking on innovative use of technology to stay ahead,” said K Krithivasan, Business Group Head, Banking, Financial Services and Insurance, TCS. “This recognition from an independent third-party research firm is a testament to our vision, capabilities, services offered, and market impact.”
TCS offers a comprehensive portfolio of services in the capital markets domain. Its customers include over 85 buy and sell side firms as well as market infrastructure firms and custodians. TCS’ in-depth domain solutions cover all functions and include:
- Front Office: Research and analytics, channel management support, para planning for wealth management customers
- Middle Office: Post trade processes including trade affirmation / confirmation, pricing and valuation, portfolio accounting and reconciliations
- Back Office: Settlements, reconciliation and fails management accounting including fund accounting, fund administration, and transfer agency
Guided by its Business 4.0TM thought leadership framework and the Machine First™ Delivery Model (MFDM™), TCS has made steady investments and developed frameworks, point solutions and showcases. These include the wealth and retirement platform on TCS BaNCS, a wealth advisory solution, robo advisor and event fusion solution, conversational agents powered TCS’ proprietary tool Conversa™, interactive customer reporting, X code, and distributed ledger technologies for corporate actions, among other blockchain, robotic process automation, platform modernization-based frameworks.
“In an environment shaped by changing user preferences and pressure from fintechs, it has become critical for financial institutions to connect their front- and back-office functions seamlessly,” said Manu Agarwal, Practice Director, BFS Business Process Services, Everest Group. “Supported by strong operational expertise and digital offerings, TCS enables its customers to deliver this superior experience.”
“Our rich experience in capital market services, regulatory knowledge, innovative offerings backed by the latest digital technologies, and deep contextual knowledge places us in a strong position to deliver exponential value to our capital markets customers,” added Krithivasan.
SOURCE Tata Consultancy Services
Huobi Token (HT) Reaches New High Amid Increased Adoption and Ongoing Ecosystem Development
Huobi Global today announced that Huobi Token (HT) has reached a new 12-month high amid the continued growth and development of the whole ecosystem. As of yesterday, HT was trading at a token price of $5.27 USD, a 92% increase since the close of 2019 – and nearly a 5X increase compared to this time last year.
As the native token of digital asset exchange Huobi Global, HT’s new milestone underscores the recent progress of Huobi’s global ecosystem. Last month, Huobi Global and Huobi DM experienced a strong start to 2020 with a 65% month-over-month spike in aggregate trading volume.
Huobi has also transitioned from quarterly to monthly token burns, which are based on a percentage of Huobi Global and Huobi DM’s revenues for each corresponding period. For Huobi’s first monthly burn, 4.057 million HT were repurchased and destroyed in January, which has a current market value of $21.4 million USD. A total of 45.838 million tokens have been burned to date.
“2020 is a pivotal year for Huobi as we enter new global markets and continue expanding our product line-up for both institutional and retail audiences,” said Ciara Sun, Vice President of Global Business at Huobi Group. “HT is a foundational part of the Huobi ecosystem, so we are deeply committed to its success.”
HT Product Roadmap
As part of a longer-term strategic roadmap for HT, Huobi has a number of upcoming initiatives planned that aims to further increase the token’s utility for the broader blockchain and crypto community.
Huobi DM’s new Perpetual Contract product, which is currently undergoing internal testing and nearing public launch, will be incorporated into the HT Token Burn Program. HT will also play an integral role in the ecosystem of Huobi Chain, a regulator-friendly financial blockchain that’s slated for testnet launch in the near future.
Additional features in development include HT margin trading with up to 2X leverage, which is expected to launch in March, and collateralized HT for peer-to-peer crypto lending and pledged loan contract assets.
HT Ecosystem Adoption
To further expand HT’s utility beyond the Huobi ecosystem, Huobi is accelerating efforts to integrate with third-party partners, including international credit cards, digital bank cards, blue-chip technology companies, and global entrepreneurship centers.
HT was recently accepted as a payment option for charitable donations to Project HOPE, a global nonprofit organization that has been providing health development and emergency relief since 1958. Last month, Huobi partnered with a leading crypto-friendly hotel booking platform to integrate HT as a preferred payment method on Travala.com.
SOURCE Huobi Group
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