A downside of AI based CV scanning

6

October

2021

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Artificial Intelligence has a lot of positive impact on the world. Processes are being standardized and accelerated, the error rates are dropping, it operates 24×7 without interruption or breaks and has no downtime (etc.).

However, there are some downsides of Artificial Intelligence. Looking at the recruitment market, AI can cause some problems. While employers use AI to automatic scan resumes, the software can make false assumptions to discriminate the candidates. Automated hiring systems, such as resume scanners, are stopping an estimated 27 million people from finding full-time work (Fuller et al., 2021). The employers who are using these techniques to scan resumes are turning down possible candidates. According to a Harvard Business report, the scanning tools focus on things that are missing on the resume, instead of the value someone can bring into a company (Fuller et al., 2021).

Certain groups are more affected than others. Caregivers, veterans, immigrants, people with disabilities, prison leavers, and people whose spouse has relocated are the most affected groups, the report said. This can give them a huge disadvantage on other candidates, what can cause that these people can’t find a job.

Next to all the benefits AI is bringing us, we have to be aware of the danger and downsides of it. In my opinion, it is very useful and cost reducing to use AI driven technologies like resume scanners. However, we can not discriminate some groups because of their shortcomings. In this way, these groups wouldn’t take part of the society just like others. The technology should focus on the competences of candidates. Or, human recruiters could finally check the rejected resumes to see if someone can go through the process again.

Reference

Fuller, J., Raman, M., Sage-Gavin, E., Hines, K. (September 2021). Hidden Workers: Untapped Talent. Published by Harvard Business School Project on Managing the Future of Work and Accenture.

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The sharing economy is booming

20

September

2021

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The sharing economy is booming. Al lot of start-ups create their business model based on sharing products or services now days. In the Netherlands, there are many examples of Business-to-Peer (B2P) or Peer-to-Peer companies. Swapfiets is one of these B2P examples. It is a monthly bicycle subscription service, which offers (almost) all the service for free when the bike is broken. Another B2P example is Felyx. This electric scooter sharing company has disrupted the transportation industry. Not many people drove a scooter before, but now it’s one of their primary ways of transportation.

The role of young people in the economy facing rapid development of the Internet and ICT techniques and technologies, in particular e-skills, is very important. Young people with e-skills become the main consumers in the sharing economy (Budziewicz-Guźlecka, 2017). Both Swapfiets and Felyx created an application to provide their services.

These companies cause a change in the perception of the possession of products and services. As stated above, the primary users of these shared consumables are young adults. They pay a small amount of money when they used the products or services, or sign up for a (monthly) subscription. In this way, goods become something low valued, because people don’t see the real amount of money deducted from their bank account. Overall, these subscriptions are (in long term) more expensive than buying the product or service.

On the other hand, a huge advantage of the sharing economy is sustainability, while people are reusing the same products, the total amount of used products will drop (Harald, 2018). In this way, there will be less pollution with the production of these products.

In conclusion, the shared goods give us a lot of extra options while we don’t need to pay them at ones. However, we have to be aware that we don’t lose the sight on the long term expenses while using the shared products.

References:

Budziewicz-Guźlecka, A. (2017). Role of the sharing economy in the contemporary economy. Ekonomiczne Problemy Usług. Published. https://doi.org/10.18276/epu.2017.126/1-03

Harald, H. (2018). Sharing Economy: A Potential New Pathway to Sustainability. Ecological
Perspectives for Science and Society
, 22(4), 228–231. Retrieved from  https://www.proquestcom.eur.idm.oclc.org/docview/1471962034/fulltext/8C8BBBE5B7FD42C0PQ/1?accountid=3598

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