Eightfold AI Strengths, Domain Expertise, and Key Differentiators
The Eightfold Talent Intelligence Platform revolutionizes the way organizations manage their workforce by enabling them to recruit and retain a diverse global talent pool. With its innovative applications, businesses can leverage their existing talent's skills, fostering a dynamic and adaptable workforce that thrives in today's competitive landscape.
Eightfold AI Recent Developments
In an era where businesses thrive on agility and innovation, Eightfold AI has taken a giant leap forward with the introduction of Eightfold Resource Management. In the ever-changing landscape of modern businesses, a paradigm shift towards project-based approaches is evident, with organizations increasingly adopting tools like Eightfold's Talent Intelligence Platform. By harnessing the power of deep-learning AI, this platform efficiently identifies and allocates talent, ensuring individuals with the right skills are matched to internal and external projects. Industries such as healthcare, banking, and manufacturing have embraced this strategy, leading to enhanced agility, improved profitability, and optimized utilization of human resources, ultimately driving organizational success in today's dynamic market.
In response to the growing need for agile workforce planning, Eightfold AI has unveiled Skills-Based Talent Planning, a cutting-edge solution enabling organizations to analyze, forecast, and future-proof their workforce in real time. By addressing skills and resourcing gaps effectively, this innovative approach mitigates the risks associated with costly reorganizations and helps businesses navigate unpredictable industry shifts seamlessly. Departing from outdated methods like spreadsheets, Eightfold Talent Planning empowers business leaders with valuable insights into talent and skill trends, enabling them to proactively hire key roles and transform existing jobs, thereby enhancing organizational agility and flexibility during times of significant change.
At Unleash World 2022, Eightfold AI unveiled its revolutionary solution, Eightfold Talent Flex, a cutting-edge AI-powered platform designed to empower HR and procurement leaders. This innovative tool streamlines the process of sourcing and managing high-quality contingent workforces at scale, marking a significant advancement in the realm of talent management and workforce optimization.
Eightfold AI Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Eightfold AI applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Eightfold AI and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Eightfold Talent Intelligence Platform customers.
Eightfold AI Overview
Ownership: - x
Number of Employees: 540
Functional Market: Workforce Analytics, Recruiting,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Eightfold AI Key Cloud and HCM Applications
Eightfold Talent Intelligence Platform
Eightfold AI HCM and Cloud HCM Applications Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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Total Revenues, $M | Subscribe | Subscribe | Subscribe |
HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Eightfold AI Revenue Breakdown by Type:
Eightfold AI HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Eightfold AI HCM Applications Revenues By Verticals, $M:
Eightfold AI Total and HCM Applications Revenues by Region:
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
Eightfold AI Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Eightfold AI Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Eightfold AI Customers
No. of Eightfold AI Customers: 100
No. of Eightfold AI HCM Applications Customers: 100
No. of Eightfold AI Cloud HCM Customers: 100
No. of Eightfold AI Cloud HCM Subscribers: x
Eightfold AI has gained the trust of more than 100 customers worldwide. Organizations like TriNet, Trimble, Nutanix, Noom, NetApp, Akamai, BNY Mellon, Bayer, Activision, Chevron, Booking.com, Dolby, Capital One Ventures, NextRoll, Automation Anywhere, Prudential, Vodafone Group, and many others have embraced the Eightfold AI platform to hire, retain, and grow a diverse workforce.
Eightfold AI Market Opportunities, M&A and Geo Expansions
In a significant milestone, Eightfold AI has successfully secured $220 million in its latest funding round, led by SoftBank Vision Fund 2. With this injection of capital, the seven-year-old company's valuation has soared to an impressive $2.1 billion, underscoring investor confidence in its potential for growth. This latest round, participated in by existing backers including General Catalyst, Capital One Ventures, Foundation Capital, IVP, and Lightspeed Venture Partners brings Eightfold AI's total funding to over $410 million, paving the way for the company to accelerate its expansion and further revolutionize the realm of talent management.
Eightfold AI Risks and Challenges
In the face of decelerating growth and mounting regulatory pressure in late 2022, Eightfold AI took drastic measures to streamline its operations. The company implemented substantial cost-cutting measures, including a significant reduction in its workforce, letting go of around 90 employees, or 15% of its staff, to navigate the challenges posed by the changing business landscape and regulatory environment.
Eightfold AI Ecosystem, Partners, Resellers and SI
In May 2022, Eightfold AI and Deloitte unveiled an alliance aimed at empowering organizations to proactively tackle their essential workforce challenges and prepare for the future. This strategic partnership signifies a pivotal step towards fostering a dynamic and adaptable global workforce, laying the groundwork for businesses to navigate the complexities of the modern landscape with confidence and innovation.
In a strategic collaboration unveiled in October 2021, Eightfold AI joined forces with Tata Consultancy Services (TCS), a prominent global IT services and consulting firm. Through this partnership, TCS is set to leverage Eightfold's Talent Intelligence Platform to provide comprehensive solutions, empowering enterprises to enhance talent management strategies, optimize recruitment processes, and achieve diversity objectives, underscoring the pivotal role technology plays in shaping the future of workforce management.
In a collaboration announced in September 2021, Heidrick & Struggles International, a provider of global leadership advisory and on-demand talent solutions, and Eightfold AI, a talent intelligence platform, revealed their partnership to create a cutting-edge digital leadership platform. This innovative solution aims to revolutionize how organizations perceive, evaluate, and select leadership talent, providing a transformative approach for identifying and nurturing leaders, ensuring businesses have the right leadership in the present and are well-equipped to cultivate the leaders they require for the future.
Eightfold AI Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Eightfold AI Public Cloud and Infrastructure (IaaS)
- Eightfold AI Platform (PaaS)
- Eightfold AI Application Delivery
- Eightfold AI Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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