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Artificial Intelligence Is Streamlining HR, Adding Efficiency

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Artificial intelligence technology is transforming the way the world works, and human resources departments will likely be no exception. "Now, more than ever, AI technology is changing the way companies source, engage, acquire and manage talent," Jason Roberts, global head of technology and analytics for staffing firm Randstad Sourceright, told Bloomberg BNA via email. In fact, Randstad Sourceright research shows that 76 percent of 400 global human capital leaders surveyed say technology analytics play a critical role in engaging talent, and 48 percent are investing in analytics dashboards to better manage and predict talent needs, according to Roberts. "These tools are providing HR with the ability to capture workforce data, and are critical to building the business intelligence and insights needed to drive overall business growth," he said. Future hiring process will increasingly incorporate AI and data analytics to find the best candidate for a job.


So Now We Have to Worry About Artificially-Intelligent Cybercriminals?

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Companies may now have to set their sights on defending against cybercriminals armed with artificial intelligence. Even as companies adopt AI to help fight cyberattacks, the criminals are also on the trail of enhanced machine-learning skills. Many cybersecurity companies are starting to invest or implement AI in their cybersecurity solutions and it is giving their security teams a significant boost, according to a recently released report commissioned by McAfee. However, usage of AI and machine-learning technologies aren't limited to the good guys. Cybercriminals are starting to use these solutions to sift through large amounts of data to "classify victims that have weaker defenses" so they can get the maximum "return on their investment," Steve Grobman, chief technology officer for McAfee, told Bloomberg BNA.


Fintech spawns regtech to automate compliance with regulations Regulation and compliance Bloomberg for Enterprise

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This article was written by Gregory Roberts for Bloomberg BNA. Entrepreneurs and innovators are invading the complex and often arcane world of regulatory compliance with some of the same technologies that have disrupted the core operations of the financial services industry. Machine learning, biometrics and the interpretation of social media and other unstructured data show promise as potential compliance tools for regulatory obligations that have mushroomed in the aftermath of the financial crisis, along with the investment and costs associated with them. Regtech is "the use of new technologies to solve regulatory and compliance requirements more effectively and efficiently," as the Institute for International Finance (IIF), a research-oriented trade association in Washington, put it in a March report. "I would define it as technological advancement that assists those focused on compliance and regulatory-related activities in their professions," Kari Larsen, counsel at Reed Smith LLP in New York, and formerly in the Enforcement Division of the Commodity Futures Trading Commission, told Bloomberg BNA.


Robot Shift: Congress Ponders Day When Machines Replace Workers

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The robots are coming, and at least some lawmakers in Congress expect them to make a lot of jobs obsolete when they get here. "There are assembly lines where you already look out on a field of robots that can work 24-7, they don't need health insurance, they don't take vacations and they don't get sick," Sen. Dan Coats (R-Ind.) "I think it's coming faster than anybody realizes," he said of the shift to machine workers. Coats and other lawmakers are starting to think about "technological unemployment," or the replacement of workers with self-checkout aisles, driverless vehicles, medical robots and other automations. They have different ideas about how to prepare for the coming workforce overhaul, but most agree that it's going to take new thinking about how people are educated and trained.