Edge Networks has been chosen by National Skill Development Corporation (NSDC) as an innovation partner to develop an eco-system of skilled manpower that provides trained candidates to employers, placement options to training partners and employment to candidates.
EdGE Networks, HR tech startup from Bengaluru uses next-gen technologies such as Data Science and Artificial Intelligence (AI) based approach to analyse job descriptions and profiles/resumes, and provide a scored and stack ranked set of people for the job in question. Arjun Pratap, founder & CEO said, “we have built a neural network of skills and jobs that will learn and grow over time using our source-validate-connect algorithms run with Natural Language Processing (NLP).”
Pratap started EdGE Network with his own funds, and later teamed up with The NSDC who funded them with grant and debt. Currently, it makes money via a subscription based model and its clients list includes Wipro, TeamLease, HCL and Microland. EdGE Network is currently a team of 70 offering Product Management, UI/UX, EdGELabs, Devops, Sales and Marketing, Analytics and Testing as distinct contributors with finance and HR to boot. “Our people have expertise in Artificial Intelligence, Semantic Analysis, Data Science, Machine Learning and Predictive Modelling. All of which is geared to enable HR organisations lead with data and intelligence – and significantly improve workforce availability, billing, allocation and drive straight bottom line impacts,” he adds.
For 2016, the startup is focusing at widening the reach via inside sales, strategic partners (integrator such as job boards, aggregators, video interviews, background verification companies) and channel sales. Also, plans exploring new geographies and markets. It plans to target 10 percent of the $5 billion addressable market over the next five years.
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