HONG
KONG, March 23, 2023 /PRNewswire/ -- CLPS
Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today
announced that CLPS Innovation Lab, its research and development
center, has released preliminary research findings on the use of
Robotic Process Automation (RPA) in combination with Artificial
Intelligence (AI) for the intelligent automation of talent
acquisition process.
Intelligent automation, a solution that integrates RPA with AI
has become a key trend in recent years, keeping pace with the
constantly evolving technological landscape. Increasingly explored
across industries, AI-enabled RPA workflows can deliver undisrupted
service operations and significantly reduce error rates resulting
from manual performance. Further, it contributes to cost reduction,
efficiency improvement, and customer satisfaction.
CLPS Innovation Lab began researching key RPA-based solutions in
2019, which have been successfully implemented within the Company's
internal operations and as part of client projects in a wide range
of scenarios, such as finance, business performance, recruitment,
administration, credit investigation, procurement, logistics, and
data migration, among others. In this research, CLPS Innovation Lab
focuses mainly on talent acquisition as its main application area
of RPA+ AI technology innovation.
In a competitive and large IT talent market, achieving faster
and more accurate person-to-job matching is vital for business
success particularly when faced with an urgent project gap. AI
provides high level of performance for mimicking and enhancing
human cognition and decision-making processes. In addition, it
overcomes most of the limitations of traditional RPA, including the
lack of fixed procedures, the problem of planning ahead, and
complex interaction activity. By combining its existing RPA
solution with AI-powered technologies such as Optical Character
Recognition (OCR) and Natural Language Processing (NLP), CLPS
Innovation Lab has been able to automate and intelligently manage
the end-to-end talent acquisition process.
Pilot testing conducted by CLPS Innovation Lab revealed that the
intelligent automation-enabled talent acquisition process can
reduce labor costs by 43% and significantly increase work
efficiency by 700% compared with its previous solutions. It
achieves huge advancement in recruitment productivity, which will
allow CLPS to accurately assist companies identify and screen
talent requiring specific skillsets.
Ms. Jing Zhao, Senior Vice
President of CLPS Innovation Lab, said, "We currently use these
technologies in the early stages of talent acquisition, such as
demand analysis, biodata collection, data verification, talent
matching, and information input. As more mature AI algorithm models
such as ChatGPT evolve, we expect that such AI technology will
extend its engagement to RPA processes, including automated initial
conversation with candidates and interview screening, as well as
intelligent responses to frequently asked questions through natural
language interactions, reducing the recruiter's work pressure and
further improving efficiency. "
Mr. Henry Li, Chief Operating Officer of CLPS, said, "The
positive research results combining RPA with AI does not only
provide us with valuable tools for improving our operational
competency and enhancing our key business capability, but also
provide a solid practical foundation on which we can build
AI-powered automation solutions. As we embrace future technological
innovation, we look forward to facilitating our clients' digital
transformation initiative and create greater business value for
them."
About CLPS Incorporation
Headquartered in Hong Kong,
CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global
leading information technology ("IT"), consulting and solutions
service provider focusing on the banking, insurance and financial
sectors. The Company serves as an IT solutions provider to a
growing network of clients in the global financial industry,
including large financial institutions in the US, Europe, Australia, Southeast
Asia and Hong Kong, and
their PRC-based IT centers. The Company maintains 19 delivery
and/or research & development centers to serve different
customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Xi'an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining nine global centers are
located in Hong Kong SAR, USA,
Japan, Singapore, Australia, Malaysia, India, the
Philippines and Vietnam.
For further information regarding the Company, please
visit: https://ir.clpsglobal.com/, or follow CLPS
on Facebook, LinkedIn, Twitter, and YouTube.
Forward-Looking Statements
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to the
Company's beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance. Known and unknown risks, uncertainties and other
factors, which may be beyond the Company's control, may cause the
actual results and performance of the Company to be materially
different from such forward-looking statements. All such statements
attributable to us are expressly qualified in their entirety by
this cautionary notice, including, without limitation, those risks
and uncertainties related to the Company's expectations of the
Company's future growth, performance and results of operations, the
Company's ability to capitalize on various commercial, M&A,
technology and other related opportunities and initiatives, as well
as the risks and uncertainties described in the Company's most
recently filed SEC reports and filings. Such reports are available
upon request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website at
http://www.sec.gov. We have no obligation and do not undertake to
update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
Contact:
CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com
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SOURCE CLPS