PALO ALTO, Calif., September 7, 2022 – SkyHive ®, the first company to map and sequence the global labor market in real-time, provide workforce intelligence, and guide the rapid reskilling of workers and communities around the world, today announced the launch of SkyHive Answers™, a cloud-based application that empowers leaders and business users with immediate, accurate, and specific answers totheir most pressing human capital strategy questions.
Leveraging SkyHive’s Labor Market Intelligence, SkyHive Answers removes the need for intensive manual data analysis, complex data processing, and time-consuming research. SkyHive’s artificial intelligence technology analyzes more than 150 trillion data points to give users precise insights that resolve their most crucial talent and workforce strategy questions.
“HR leaders and their teams have traditionally been underserved by laborious, costly, and flawed solution offerings,” said Luke Egenolf, Vice President of Products at SkyHive. “Answers resolves these business-critical pain points, captures real-time shifts in the global labor market, and provides comprehensive and accurate information. When combined, these benefits allow users across industries to make effective workforce decisions at the speed of business.”
Using a search engine interface, SkyHive Answers addresses queries regarding workforce transitions,retention, attrition, hiring, development, and the competitive landscape. Notable themes include:
• Geographic hotspots for hiring and location optimization
• Supply and demand ratios for strategic recruiting
• Compensation distribution trends for talent and budget optimization
• Recruiting and attrition trends for talent strategies
• Organizational skill and DEI comparisons for competitive benchmarking
“We are building The Human Capital Operating System, which will cognify the world’s labor market in a way no one has ever done before,” added Mohan Reddy, CTO and Co-founder. “SkyHive ingests data from over 180 countries, a billion profiles, two billion jobs, 65 million companies, and other labor market related sources. We feed all this information into our massive knowledge graph, algorithms, and ethical AI framework to deliver unprecedented labor market intelligence. With Answers, we can now put the power of this knowledge directly into the hands of more people and help future-proof enterprises and workforces.”
The announcement comes ahead of SkyHive’s attendance at the HR Technology Conference and Exposition on September 13-16, 2022, where the Company will offer demos of its Workforce Intelligence products and offerings, including SkyHive Answers™. Inquiries can also be submitted via this link.
SkyHive is a Certified B Corporation and software provider of global workforce intelligence technology, optimizing labor market efficiencies in real-time for companies, communities, and national economies.
Leading enterprises use SkyHive’s cloud-based applications and platforms to power the future of work at its most granular level: skills. SkyHive’s Quantum Labor Analysis™ has been recognized by the World Economic Forum and Forbes for leading efforts in ethical AI and its positive impact on labor economies worldwide. For more information, visit www.skyhive.ai.
SkyHive and Quantum Labor Analysis are registered trademarks of SkyHive. All other marks are property of their respective owners.