Phenom's AI enables recruiters to find the right fits faster and job seekers searching for a new ... [ ] opportunity to find appropriate roles without wasting a lot of time. In this tight, hot labor market, artificial intelligence is gaining attention as a compelling and effective way to improve the hiring process. Phenom, an Ambler, Pennsylvania-based company, effectively uses artificial intelligence to automate tasks and personalize job searches. Usually disruptive tech companies are found in Silicon Valley or major tech hubs. Phenom, based in a small town outside of Philadelphia, the startup has quietly become a billion-dollar unicorn. Phenom CEO Mahe Bayireddi said that his company relies upon AI to match people with the right jobs.

According to a MarketsandMarkets report published last year, the global healthcare analytics market is projected to grow 26.5% annually over the five-year period to be worth 18.7 billion by 2020. The industry was estimated to be worth 5.8 billion in 2015. North America has the largest market in the Big Data healthcare market due to the Big Data initiatives launched by the federal government to reduce healthcare expenses. China's recent Billion-Dollar Unicorn Club member iCarbonX (Private:CRBNX) also is making big waves in the industry. The company is leveraging biotechnology and artificial intelligence with the long-term vision of creating a digital avatar that will be able to guide the user toward healthy life options.