Credit Markets
If you want to get a credit card in the US and in many other countries, you need a credit rating score, which represents your creditworthiness.
Lenders, including banks and credit card companies, use this score to evaluate and price the risk of giving you money. In turn, consumers are incentivized to maintain a good credit score, and to increase it.
The adoption of credit scores gave more people access to credit markets (though there’s still a lot of work to be done, and much room for improvement).
Talent Markets
KnackApp’s AI-computed skill scores represent the intangible talents and potential of an individual.
Employers, schools, colleges, learning providers, and NGOs use these scores to gauge employability and identify job matches, leadership/management potential, best-fit learning pathways, and development needs/opportunities.
Because these skill scores measure and reveal one’s natural talent and potential — and not acquired credentials — they expand access to the job market and enable people, anywhere, to digitally signal their talent and potential.
Employability Ratings
We are now building a series of Employability Rating Indexes to capture and communicate various dimensions of a person’s talent and potential.
Employability Ratings will provide labor market stakeholders — employers, individuals, families, learning providers, lenders, countries — with next-generation data that:
expands market access and drives personalized matching,
enables a new generation of smart services, and
gives individuals data and related personalized tools to manage their employability health and increase their employability rating.
We think of this as the next phase of innovation-driven transformation that’s enabled by AI and software, and we’re excited to share more soon.
This is going to be a game changer as one day all of us might mandatorily need this score on our resume