SkyHive launches new product and SkyHive platform to enable businesses and communities to address skills gap

Palo Alto, California, August 29, 2022– (work wire) –SkyHive®Today, the first company to map and sequence the global labor market in real time for workforce intelligence, strategy, and architecture, as well as rapidly reskill workers and communities around the world, today announced the launch of SkyHive Platform, a platform-as-a-service (PaaS) solution. The first for skills for public and private sector institutions.

Real-time use of SkyHive labor market intelligence and AI to analyze global job markets at a skill level, SkyHive employers gain external intelligence as well as instant insights into their talents, such as emerging gaps and skills that can be leveraged to future-proof their workforce, retain talent, and understand evolving labor market needs.

The SkyHive platform enriches existing Human Capital Management (HCM) systems with scalable Application Programming Interfaces (APIs) to integrate with core HR systems such as a work dayand Microsoft and SAP SuccessFactors, as well as custom applications. By doing so, the SkyHive Platform enables businesses and communities to reap maximum value from HCM investments while improving performance and cost effectiveness through talent acquisition and retention, and workforce training. Businesses and governments seeking insights into the state of business skills critical to their workforce, skills gaps, attrition, sourcing, standards, future talent needs, and recommendations for reskilling can harness SkyHive to run apps with or without SkyHive Foundation Software applications.

“Skills are the ‘currency’ of talent in the modern age, so it is only natural that leaders are eager to have a comprehensive, comparative, and real-time view of the skills of their workforce,” said Sean Hinton, founder and CEO of SkyHive. “We have built the SkyHive Platform and opened our APIs in response to the demands of customers around the world who want to customize applications and update their existing HCM platforms with the most in-depth workforce and job market information available.”

Recognized by Forbes and the World Economic Forum for its positive impact on labor economics, SkyHive processes more than 20 terabytes of raw data every day, including anonymous worker profiles and job descriptions from more than 160 countries. Our findings reduced time to hire for enterprise clients by 30% and time to hire by 90%, while increasing workforce learning and development efficiency by 70% and gender diversity by 10%. SkyHive data is fully encrypted, and its systems comply with GDPR, SOC2 Type II, ISO 27001, Ethical AI and other regulatory frameworks.

According to July 2022 research by Gartner®“Skills are an essential component of workforce management in any industry. Improved and automated skill discovery and assessment allows greater organizational flexibility. In times of uncertainty, or when competition is fierce, organizations with better skills data can adapt faster and be More dynamic in talent acquisition and deployment.”

Gartner Disclaimer:

Gartner®Hype Cycle™ for Human Capital Management Technology, 2022, John Costolas, Amy Chiba, July 14, 2022.

GARTNER and HYPE CYCLE are a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the United States and internationally and are used here with permission. Gartner does not endorse any vendor, product, or service mentioned in its research publications and does not advise technology users to select the vendors with the highest ratings or other designations. Gartner’s research publications consist of the opinions of Gartner, a research and consulting firm, and should not be construed as factual statements. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About SkyHive

SkyHive is a certified B Corporation and software provider of global workforce intelligence technology, improving real-time labor market efficiencies for businesses, communities and national economies. Leading companies are using SkyHive cloud-based applications and platforms to support the future of work at its most nuanced level: skills. SkyHive’s Quantum Labor™ analysis has been recognized by the World Economic Forum and Forbes for its pioneering efforts in ethical AI and its positive impact on labor economics worldwide. For more information visit www.skyhive.ai.

SkyHive and Quantum Labor Analysis are registered trademarks of SkyHive. All other marks are the property of their respective owners.

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