While Covid-19 did create many new challenges, it also shined a light on structural issues that companies had already been facing and needed to confront. In a conversation with Francesco Rulli, Global CEO of Querlo, Yvette Cameron, Co-Founder of Velocity Career Labs, discussed the challenges and opportunities that covid has presented for her business and the role of Artificial Intelligence in the future.
Velocity Career Labs is a technology firm that reinvents how career credentials are shared across the global labor market. It is the founder of Velocity Network Foundation, a nonprofit organization with the goal of creating the “internet of careers.” They bring together industry players from across the globe to set a series of standards about how they exchange and manage their professional identities through verifiable digital wallets.
Yvette explained that covid didn’t necessarily provide many new challenges to her business instead it highlighted gaps already present in their human capital management processes. This includes the way they hire individuals, the long process for background checks, and the focus on degrees as opposed to skills. This current environment has created a need to get people new jobs faster, re-skill people faster, and have people demonstrate their new skills in a way that’s trusted and verifiable. Looking ahead, Yvette discussed how she hopes to see a new focus on putting data back into the hands of individuals so they can present themselves and broker their skills and knowledge in a trusted way. Additionally, it is important to determine how to accelerate the speed at which business is done and to do it in more intelligent ways than in the past.
Artificial Intelligence has seen a tremendous amount of investment over the past few years. Velocity Career Labs has already invested billions into AI and has seen many improvements in the way they match people to job opportunities. However, Yvette noted that AI and the algorithm that drives it is only as good as the data it’s fed. For her company specifically, if they have incomplete profiles on individuals, matching algorithms won’t be as accurate as they could be. In the future, Yvette hopes for a new focus on empowering individuals to curate more comprehensive profiles and surface such profiles into the artificial algorithms for improved matching.