iMocha provides CXOs with real-time access to data for talent management

Pune-based iMocha, a skills intelligence and assessment company, on Wednesday, launched an artificial intelligence (AI)-based platform to help enterprises access real time data for talent management. The new solution dubbed Skills Intelligence Cloud, can streamline hiring and retaining employees, internal mobility, and other workforce planning processes.

The company said in a statement that the new solution can help enterprises with effective talent management, including recruitment strategies with data-driven decisions. It helps CXOs in focusing on the skills of the employees, organisations can create personalised development programmes, leading to increased employee engagement and retention.

The HR can also plan training and reskilling programmes more effectively by having a real-time view of an organisation's skills inventory, it said.

Sujit Karpe, chief technology officer and Co-founder of iMocha, said that the Skills Intelligence Cloud is designed to help business leaders to adopt a “skills-first approach and is specifically designed for organisations that prioritise continuous learning, employee development, and data-driven decision-making”.

India is currently facing a skills gap in the technology industry. A research report published in June by consulting firm EY indicated that eight out of 10 (81%) organisations acknowledged encountering a shortage in tech skills within their company. 

Alpana Dutta, Partner, People Advisory Services, EY India, said, “With the increasing usage of different tools, complexity of skill needed across various functional areas (software engineering, IT, and business application power user) is also increasing, with 62% employers believe that 5%-15% of their talent base will require skills transformation in the next 2-3 years, and 33% employers estimating that over 15-35% of their talent base will require this upgrade."

“For HR leaders, enabling tech skills transformation will necessitate taking a multi-disciplinary approach, with focus on developing granular, real-time intelligence into an organisation’s skills inventory. We also expect to see increasing investment in skills intelligence platforms,” Dutta added.

The World Economic Forum's 2023 ‘Future of Jobs’ report, published in June 2023, also emphasised on the need for skills-first hiring that can widen India’s talent pool and increase job opportunities.