SITUATION:

Nextant, a company specializing in team augmentation, faced a significant challenge in efficiently providing their clients with the perfect candidates for various positions. The traditional process of manually reviewing and classifying a large volume of CVs was time-consuming and error-prone. On average, processing each CV manually took up to 20 minutes, significantly slowing down their operations and affecting their competitiveness.

The manual process involved reading each CV and extracting detailed information such as education, skills, years of experience, and both soft and hard skills. This was not only labor-intensive but also prone to human errors, making it difficult to present the best candidates quickly. Given the volume of CVs received each month, the manual approach was unsustainable and led to delays in candidate presentations compared to competitors.

SOLUTION:

Nextant implemented an innovative AI-powered solution designed to automate the extraction of essential information from CVs. This solution involved the following steps:

Data Collection: CVs were stored in a local base folder or data container in formats like Word or PDF.

Information Extraction: Using advanced Natural Language Processing (NLP) algorithms, the system iterated through each document, extracting key data such as name, age, skills, education level, and work experience.

Data Structuring: The extracted information was converted into structured text and collected in a centralized database.

Filtering and Matching: The structured data allowed for more manageable filtering. Python logic was then used to export this data into Excel for further human analysis.

Advanced Matching (Version Two): The second version of the model went a step further by comparing the database of candidates against job descriptions. It used AI to classify and rank candidates based on how well their capabilities matched the job requirements. The model provided a percentage match for each candidate, which could be configured according to client needs.

RESULTS AND IMPACT:

The implementation of this AI solution brought several significant benefits:

Time Savings: The automated process reduced the time required to process each CV from 20 to just 5 minutes enabling Nextant to handle a higher volume of CVs without additional manpower.		Increased Reliability: Automation minimized human errors, ensuring more accurate and consistent data extraction.
Enhanced Competitiveness: Faster processing times allowed Nextant to present candidates to clients more quickly than their competitors.		Scalability: The solution could handle large volumes of CVs without performance degradation, addressing the issue of scalability.
Bias Mitigation: By focusing on textual data and specific capabilities rather than subjective comparisons, the model reduced the risk of algorithmic bias and ensured a fairer candidate selection process.

The AI-powered CV processing solution revolutionized Nextant's operations, transforming a previously labor-intensive and error-prone process into a streamlined and efficient workflow. The time savings and increased reliability significantly improved their service delivery, leading to higher client satisfaction and a stronger competitive position in the market. The ability to quickly and accurately match candidates to job descriptions ensured that Nextant could consistently provide their clients with the best possible candidates, reinforcing their reputation as a leader in team augmentation services.