Experfy Assists Firms in Talent Acquisition

By CIOReview | Tuesday, April 1, 2014
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FREMONT CA: Big Data being the epicenter of the current IT work model requires expert hands for it to deliver the insights that companies look for. Well, experts in Big Data analytics are less and more are still in the making as many surveys suggest organizations are still in the process of developing their understanding of Big Data concepts and methodologies for leveraging it, reports Pankaj Mishra of Techcrunch.

According to this McKinsey analysis, the U.S. alone faces a shortage of 140,000 to 190,000 people with analytical expertise and 1.5 million managers and analysts with the skills to understand and make decisions based on the analysis of big data.

Considering this crisis, Experfy, a startup out of Harvard Innovation Lab, is releasing its talent marketplace for data work to eliminate the dearth of experts. Experfy intends to scrutinize every application from potential big data freelancers before putting them out in the marketplace.

Experfy instructs probable freelancers to log in using their LinkedIn profiles, disclose their strengths in the field of analytics, machine learning or artificial intelligence and hold up for 24 hours before their profiles are approved. This startup aids users track milestones related to project and further assures that bank accounts are linked properly for payments.

Experfy has Jothi Periasamy, former director of KPMG, who has an expertise in Big Data handling as the chief data scientist. In a market with fewer manpower availability for Big Data handling, Experfy hopes to leverage its rich talent pool of Big Data experts.

The big challenge for Experfy will be to disrupt the existing business models of consulting and outsourcing companies such as Accenture and even EMC.“We have huge advantage that a similar high-end big data marketplace does not exist yet.  Our real competition is not Freelancer; rather it is the likes of McKinsey, KPMG and Accenture,” says Harpreet Singh, former technology director at Citigroup.