Author: N/A
Publisher: Globe Newswire
Publication Year: 2022
Summary: The following article discusses how Cangrade received a patent on its “bias-free” hiring technology solution. Cangrade used an iterative Adverse Impact algorithm, meaning not only will the algorithm adversarially find bias in the model, but the model will iterate until no more bias is found. The scope of their patent is broader than their company specialty as well, meaning it can be used in various other sectors. Further, Cangrade identifies employee success up to 10 times more accurately than traditional hiring methods quickly and easily. Hence, not only is this model bias-free but it is also highly effective. This signals that these 2 ideas are not mutually exclusive or part of a trade-off; it is possible to account for bias and still succeed.