The answer is not as simple as "AI." We can't just wave a magic wand for your company's largest investment -- PEOPLE.
Financial institutions large and small continue to face increasing pressure and competition in the businesses in which they operate, as well as for talent they desire.
Goldman Sachs looks to stay at the forefront of this shifting dynamic by continuing its digital transformation from Wall Street bank to technology powerhouse. As Marty Chavez has said previously, he wants Goldman Sachs to be for investment risk what Google is for search.
As its business continues to evolve, Dane Holmes notes the shifting talent landscape and Goldman's ability to attract the right talent is a balance between human judgment and machine learning.
Companies must strike the right balance between human judgment and machine learning, says Dane Holmes, head of human capital management at Goldman Sachs, which now uses HireVue and is exploring the use of virtual reality in recruiting. Otherwise, this tale of modern Moneyball may start to become more like an episode of Black Mirror. “We have no interest in creating a dystopian society here,” Holmes says. “We don’t ever view this as a process where you turn on an algorithm and wait for it to spit out [the right hire] in an app.”