Monster.com has rolled out its Trovix-powered Power Resume Search based on semantics in the US, a technology which helps scan resumes and job openings for better matching. Trovix was acquired by Monster for a cash price of $72.5 millions.
ITCONS will launch prototype of a semantics technologies based similar search product called Intelligent Concept Search (ICS) in Jan’ 2010.
ICS will work with our ATS/ with any Online Job Portals/ any Other ATS of any competitor to provide advanced searching and matching capabilities between a source document and candidates. The source document can be a resume of a candidate, JD (Job description) or even free text.
• Use resumes /CVs as source document:
In some cases, a resume (irrespective of the resume format; doc, docx, rtf, PDF, HTML or text etc) of an existing employee or of an “ideal candidate” in database may be a good source document to use for finding similar candidates. The ICS will use resumes/CVs in a structured text converted by our resume parser.
• Use job description as source document:
Job description, in structured text form (converted by our parser from various formats like doc, docx, rtf, PDF, HTML or text etc) can be used as source documents for the ICS.
Gaurav, Got to know that you have some funding requirements for final development of ICS. Send me a mail if you are still looking – TB