In Its Acquisition of Careerify, LinkedIn Chases Big Data
Once again, LinkedIn has made an acquisition to grow its big data recruiting business. This time it’s Careerify that has been absorbed.
“Big data” is a general term for very large and complex data sets that can be subjected to predictive analytics, or other methods, to mine value from it. In the case of LinkedIn, this “value” is information about how employers and employees can link up at the speed of the digital age.
The announcement was made this morning on LinkedIn by Careerify Founder and CEO, Harpaul Sambhi. Careerify was founded during the Great Recession with the bold mission “to eradicate unemployment globally while making our clients more profitable and strategic,” writes Sambhi.
Careerify worked towards its mission by developing a “referral solution that looked at open jobs within an organization and scanned its employees’ connections on social networks in real-time to pinpoint the perfect candidate,” writes Sambhi.
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According to Tech Crunch, Careerify solved a common problem: “... when job openings come up at your office, and you get that email asking if you have anyone to refer as a potential candidate, you may be too busy to answer, or just unable to think of anyone suitable. The software from Careerify essentially automates that process …”
In his statement, Sambhi suggests that it joined LinkedIn to better fulfill its original mission: “We decided to join LinkedIn due to what we lacked – massive scale. More than 30,000 companies across the globe leverage LinkedIn for recruitment, and with more than 347 million members, LinkedIn offers an opportunity to make a much larger impact on job seeking and hiring.”
Tech Crunch posits that for LinkedIn, it was Careerify’s data it was after: “The referral software developed by Careerify fits right into LinkedIn’s bigger strategy as a business, which parses and crunches data that people input into their profiles (or is otherwise associated with them) to come up with synergies with other users, potential jobs and other professional connections.”
Related Story: LinkedIn for the Next Generation
Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.