Cognavi Collaborates With SRM Group To Introduce AI-Based Job Portal
Cognavi India, a subsidiary of Forum Engineering joins hands with the education and consulting group, SRM, to launch the Artificial Intelligence powered job portal in India. Cognavi aims to redefine the recruitment process by offering a unique AI-based solution that connects job seekers directly with companies, based on their skills and characteristics.
Cognavi India is a tripartite investment collaboration between Forum Engineering, CRESCO, both from Japan, and SRM Global Consulting from India, which would provide cutting-edge AI Recruitment solutions to the 90 lakh freshers every year in the country.
Varun Modgill, MD & CTO of Cognavi India Ltd said, “The Cognavi Job Portal would provide the user with the unique opportunity to address the challenges of the Indian market, where approximately 9,000,000 are minted annually but have limited job opportunities. Anticipating a burgeoning job market with government programs like ‘Atmanirbhar Bharat’ and 'Make in India,' the platform would connect job seekers with recruiters, fostering a 'Design India' vision, bridging the supply-demand gap for entrepreneurs and multinationals.”
Currently, the rate of employment of fresh graduates is in the region of 35-40 per cent which is low considering the huge numbers generated every year leading to a tremendous backlog of unemployed youth which could result in a socio-economic challenge for the country. Cognavi India aims to connect fresh graduates with employers directly by making the most of the AI Skill Matching Technology, which has been customised for the Indian job market by over 30 Indian AI technology experts at Cognavi India.
“With the collaboration with SRM Group, Cognavi will have access to over 40,000 students and plans on attracting over 1.2 million students over a period of 4 years which is almost half of the state’s fresh graduates. Cognavi will operate this fully localised website in India and will gradually expand and offer its services to the rest of India.”, said P. Sathyanarayanan, President, SRM Global Consulting.
A definitive game-changer would be the ‘Human AI’ Personality Assessment tool which is unique to the Cognavi platform. This assessment transcends the traditional academic achievement norms and evaluates basic personality aspects such as BIG5 and OCEAN in a simple 20-question evaluation process. Human AI thus can additionally reflect on Corporate Culture and Job Specificity to enable the best fit.
Cognavi plans on kicking off operations from Tamil Nadu which has a population of around 8 crore and more than 500 Institutions.
