Pulsifi, named one of 25 Hottest Artificial Intelligence Companies 2018 in APAC by CIO Advisor magazine, uses ProximaX blockchain solution suite to strengthen predictive 'people analytics' engine
GIBRALTAR, SINGAPORE and KUALA LUMPUR, Malaysia, Aug. 2, 2018 /PRNewswire/ -- ProximaX Ltd. today announced Pulsifi has selected its blockchain technology to strengthen its predictive analytics engine. Named one of the '25 Hottest Artificial Intelligence Companies' this year, Pulsifi helps organizations identify, retain, and grow talent at scale by truly understanding people through a multi-dimensional approach. Pulsifi's Software-as-a-Service and Artificial Intelligence-powered platform collects and analyzes data to scientifically predict how people will perform at work and prescribe targeted actions including selection and development.
"Pulsifi is among the first and only companies in the world to use Artificial Intelligence for talent prediction in a holistic manner. Using blockchain and storage technology to provide a fool-proof data infrastructure for the Pulsifi platform further adds to their cutting-edge offering. This strongly validates ProximaX as a go-to technology," said Lon Wong, Founder and CEO of ProximaX Ltd.
At present, 95% of managers and recruiters rely on archaic bases of understanding people - the curriculum vitae (CV), unstructured interviews, and gut feel. Besides being highly subjective and inconsistent, the manager or recruiter does not understand very important dimensions that are not evident from the CV, like people's personality, what types of jobs they like, and what they value in the workplace.
Pulsifi changes this by collecting and analyzing various data sources to create multi-dimensional profiles of each person, including competencies, experience, personality, interests and values. Their AI then predicts each person's behaviors and attitudes at work, fit to role, team and organization, and performance. With Pulsifi, managers and recruiters can truly understand their candidates and employees, to make sharper decisions on hiring, retention and development.
"By using ProximaX, managers, recruiters and candidates can now manage profiles in a permissioned, immutable and irreversible manner, where information logged can be used decisively and accurately without concerns about its veritableness. ProximaX adds a complete and verifiable data life-cycle history to Pulsifi's predictive analytics platform," said Pulsifi Founder Pete Yoong.
Employee and candidate data are highly sensitive, and should be treated with utmost care. To reach the highest level of data security, Pulsifi chose ProximaX for its expertise in evolving and developing blockchain technology that can be applied in efficient and secure distribution, identification, authentication, immutability and storage of data.
ProximaX's Distributed File Management System is based on encrypted and sharded file storage in a decentralised network. This provides a high level of security and eliminates data leakages associated with traditional security threats found in centralized organizations.
"Great organizations are made by great people. With the assurance of world-class data security provided by ProximaX, we expect organizations to come on board Pulsifi faster, to benefit from our AI helping them with sharper people decisions to make their people and thus organizations great," said Jay Huang, Co-founder and CEO of Pulsifi. "Pulsifi and ProximaX are a potent combination to achieve that vision together."
Pulsifi helps organizations identify, retain and grow talent at scale by truly understanding people through a multi-dimensional approach and providing actionable insights. Pulsifi's basis combines research-backed organizational psychology and science, best practices of global leading organizations, and benchmarks derived from the analysis of each client's own data. For each client, Pulsifi fine-tunes predictive models by understanding what traits of employees lead to success at the organization, applies ideal profiles to predict how likely each candidate or employee fits, and prescribes personalized paths to improve fit. For more information, please visit https://pulsifi.me/ and https://www.linkedin.com/company/pulsifi/
Pulsifi Contact: [email protected]
About ProximaX, Ltd.
ProximaX is an advanced extension of the Blockchain and Distributed Ledger Technology (DLT) with utility-rich, industry-standard services and protocols. With a NEM.io inspired blockchain layer at its core, a decentralised storage layer through IPFS and a PSP multimedia streaming and messaging layer powered by PeerStream Protocol (PSP), ProximaX will enable a rich, all-in-one, easy to program platform for broader cross-industry application and decentralized app development. The community of developers will help advance many of the innovative applications including, but not limited to supply chain management, KYC, legal, compliance and notary solutions, identity privacy and security management, IoT data management, Enterprise Resource Planning (ERP), general traceability of data documentation and reporting systems, and workforce collaboration. For more information, please visit https://www.proximax.io/
ProximaX Media Contact: [email protected]
SOURCE ProximaX Ltd.