Data Analytics: How AI is Changing the Game

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What happened in the Tech ecosystem in the last month? 👀

• 😓 Grammarly lays off 230 employees as part of a ‘business restructuring’: “To arrive at today’s decision, we took a look at our organizational design and the current skillsets of our teams through the lens of our company strategy,” Grammarly CEO Rahul Roy-Chowdhury said in a memo to employees. “As we strengthen our focus toward driving the AI-enabled workplace and deepen our technical investments in AI, we will need a different mix of capabilities and skillsets. We also need to redesign our organization to improve the quality and speed of collaboration — and that means, among other things, restructuring roles and co-locating certain teams.”
• 💤 ‘Electric Medicine:’ AI Startup Reads Brainwaves To Fix Sleep, Pain: Massachusetts startup Elemind has raised $12 million to read brainwaves and treat people for sleep disorders, long-term pain, tremors, and to speed up learning rates. Clinical trials show the company’s wearable device can accelerate sleep up to 70% faster, reduce tremors in patients with physiological shaking up to 50%, and boost learning rates.
• 🧑💻 FlexJobs Report: 10 Fastest-Growing Freelance Jobs In 2024 Released: The career service’s report details the top 10 remote freelance careers that experienced the highest growth rates in the second half of 2023, as well as examples of the most in-demand freelance job titles and top companies hiring for fully remote, freelance workers. To compile the report, FlexJobs analysed more than 60,000 companies across 50 categories in its database and their job posting histories between July 1, 2023, and December 31, 2023.
• 🤖 AI is going to save software companies’ dreams of growth: It appears emerging price points for AI-powered software products will boost the total addressable market (TAM) for technology products and help reaccelerate growth at tech companies big and small.

Over the years, data has become the backbone of every organization. Companies are increasingly relying on data to make informed decisions, gain insights, and stay competitive in today's market. These organizations accumulate massive amounts of information, including employee data, performance metrics, and recruitment data.

While this influx of data provides valuable insights, it can also be overwhelming for HR professionals to navigate and make sense of. This is where AI-powered HR analytics comes into play, offering a solution to extract actionable insights from the vast pool of information.

AI-powered HR analytics uses machine learning algorithms to analyze HR data and identify patterns, trends, and correlations that may not be apparent to human analysts alone. By leveraging AI, HR professionals can unlock the full potential of their data, making more informed decisions and driving strategic initiatives.

To look closer at how AI is revolutionizing HR analytics, read the full article.

Data made easy 📈

Quote of the month ✨

“The best way to not feel hopeless is to get up and do something. Don’t wait for good things to happen to you. If you go out and make some good things happen, you will fill the world with hope, you will fill yourself with hope.” - Barack Obama

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