NetNut, a subsidiary of Alarum Technologies and a provider of enterprise internet access solutions, has formed a partnership with an AI recruitment leader to offer advanced background checks. This collaboration will revolutionize the talent-hiring process by leveraging artificial intelligence and machine learning technologies to modernize and streamline background checks.
NetNut specializes in providing a cloud-based digital technology and analytics platform that allows its customers to collect data from numerous websites and data sources across the globe. With access to NetNut’s robust network, clients can efficiently manage vast amounts of information on job candidates, employees, and talents. Additionally, they can cross-reference data from multiple databases without the need for complex data collection solutions, enabling them to focus on their core recruitment business.
The AI recruitment market is currently witnessing substantial growth, driven by the demand for screening high-quality candidates, improving efficiency, and reducing overall spending in companies’ HR budgets. In a recent report released by Market Research Future, the AI recruitment market was valued at $540.4 million in 2022. The same report projects the market to reach $942.3 million by 2030, exhibiting a compound annual growth rate of 6.9% between 2023 and 2030.
The collaboration between NetNut and the AI recruitment leader marks a significant milestone for both companies. It solidifies NetNut’s position as one of the key players in the industry and highlights their unwavering commitment to innovation and excellence. Moving forward, this partnership will open new avenues for growth and facilitate the development of groundbreaking solutions in the recruitment sector.
Shachar Daniel, the CEO of Alarum, expressed his pride in the partnership, stating, We are proud that one of the leading names in the recruiting industry has chosen to partner with NetNut. We believe that this collaboration reinforces NetNut’s position as one of the biggest brands in our sector in addition to highlighting our unwavering commitment to innovation and excellence. As we move forward, this collaboration will unlock new avenues for growth.
The announcement of this partnership comes as a significant development in the AI recruitment market. The integration of AI and machine learning technologies in background checks will promote transparency, fairness, and efficiency in the talent-hiring process, contributing to a more equitable future of work.
With their combined expertise and resources, NetNut and the AI recruitment leader are poised to make a substantial impact on the recruitment industry. As the market continues to evolve, businesses can expect to witness even more advanced and sophisticated solutions tailored to their specific needs. The partnership marks a promising step forward for the industry and showcases the immense potential of AI-driven technologies in revolutionizing the hiring process.