7 Ways That Artificial Intelligence Is Transforming Background Checks

Background checks have become a staple of modern business, being performed, for example, before firms hire employees, before banks allow accounts to be opened, before investors give their money to businesspeople, and before people rent their resources to others through "sharing economy" type systems. For many years, the process of performing background checks has remained essentially the same, with humans performing analysis of data derived from multiple data sources, be they paper or electronic. Today, however, artificial intelligence (AI) is transforming the background check process - making it faster, more accurate, and more efficient. I recently asked Shlomo Mirvis, CEO of Intelligo, which specializes in background checks and professional due diligence utilizing AI and machine learning, how AI is transforming the background check industry. AI and machine learning enable performing background checks with much greater efficiency than was previously possible, and with much larger dataset coverage.