How AI-powered transcription helped a hiring intelligence platform cut time spent on manual tasks by 90% for its customers

Over 60% of HR professionals are now using video during the recruitment process, leading to an increase in demand for hiring intelligence platforms like Screenloop. These platforms use AI-powered transcription to facilitate easy collaboration and reduce hiring bias. AssemblyAI's Core Transcription model helps teams build high ROI features on top of the transcription data by offering state-of-the-art AI models, readable transcripts with proper paragraph structure, punctuation, capitalization, and speaker labels. Screenloop integrated AssemblyAI's transcription model into their platform and saw significant benefits, including reduced time spent on hiring tasks, quicker time to hire, and lower candidate dropoff rates during the interview process. The company is now looking to expand its product roadmap with more intelligent features for training and analytics, relying on highly accurate AI-powered transcription.