Ifchange launches their inaugural product conference to showcase their AI product roadmap
May 25th, 2018 – Ifchange successfully hosted the 2018 Product Upgrade Conference in Shanghai and gathered more than 300 human resources experts, senior managers and media to witness the release of its new artificial intelligence products.
Ifchange was founded in 2013. It is the HR-tech company in China that establishes its own algorithms lab, employing AI and big data in recruitment. Its main product, AiTS system includes several modules: intelligent matching, employee evaluation, job hunting reference and etc. To create these modules, Ifchange gathers more than 50 algorithm engineers under its BARBEL AI Lab led by 2 chef scientists. Via hundreds of millions data training volume, Ifchange has designed a reliable recruitment scenario that passes the UKAS ISO270001 information security standard.
At the conference, Zhou Youhong, founder and CEO of Ifchange, gave the opening speech titled “The wave of digital talents decision-making.” Zhou Youhong pointed out that in the era of AI, HR must learn to embrace the digitalization of human capital. “This is exactly what Ifchange is doing: leading the human capital management to another level of success with the equipment of artificial intelligence.”
Zhou Youhong introduced that currently e-Cheng Technology mainly has the following intelligent recruitment products: AiTS system, which helps HR to carry out information management, intelligent operation, and digital decision-making. The goal of this system is to reduce recruitment costs and increase efficiency and precision. In addition to “selection”, AI will also fully infiltrate the relevant decision-making scenarios of “using, educating, and retaining” talents. Based on the portraits of employees, Ifchange can use AI technology to rank and evaluate the quality of talents, help companies screen high-potential and high-performing employees, and establish teams with more efficient collaboration.
Prof. Wang Hua, Vice President of Lyon Business School in France, stated in his speech that artificial intelligence is having a profound impact on the human capital segmentation field. At the same time, he also conducted forward-looking discussion on the relationship between human and artificial intelligence, and put forward that in the era of artificial intelligence, talents should pay more attention to the development of their own mental models. Mr. Yang Lei, general manager of Zhongtai Automobile Headquarter HR, described the changes in recruitment channels and the critical points of recruitment in the Internet era, and pointed out the important value of the recruitment system and its future direction.
The conference enabled Ifchange, for the first time, to inform the public about its product upgrade and showed that after five years of hard work, Ifchange has mapped out the future ecology of digital talents decision-making in the AI era. As CEO Zhou Youhong puts it, the future AI+HR also has infinite possibilities.”
About Cathay Innovation
Cathay Innovation is a global venture capital fund, created in affiliation with Cathay Capital Private Equity. It was founded around the shared conviction that supporting digital entrepreneurs by providing them with a platform bridging 3 continents – North America, Europe and China – constitutes a particularly powerful value-creation strategy. As a multi-stage fund, Cathay Innovation partners with visionary entrepreneurs, committed to driving change through technology. Such transformation is accelerated by leveraging Cathay Capital Private Equity’s extensive network with corporates and solid experience in operational excellence. Cathay Innovation has offices in San Francisco, Paris, Beijing and Shanghai.