Lightcast, the trusted provider of global labor market data, analytics, and expert guidance, announced a massive expansion of its global workforce data, notably increasing its profile coverage by 44 percentand expanding its data coverage across more than 40 countries, which combined represent 88 percent of the global GDP. These deeper, broader updates provide timely labor supply and demand intelligence, as well as talent insights into millions of workers in these vital markets.
As geopolitical shifts create uncertainty around the world, leaders need more data to make timely decisions as they face unprecedented challenges in strategic and workforce planning. The need for granular, accurate, and more frequent labor market intelligence has never been more critical to making informed choices regarding talent, operations, and growth.
Lightcast’s latest data enrichments deliver significant enhancement in both breadth and depth. Global profile coverage growth includes significant additions in key regions such as Canada (an increase of 27 percent), the United Kingdom (a rise of 6 percent), and the United States (an increase of 3.5 percent). Beyond broader geographic coverage, the dataset includes years of experience, tenure at specific companies, and internal transitions. These additions enable customers to unlock nuanced workforce dynamics across the globe.
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“As someone who’s been deeply involved in career coaching, HR, talent acquisition and talent analytics strategy, I can’t overstate how valuable this expanded dataset from Lightcast will be for the market at large,” said Erika Oliver, Managing Director at NewtonHaus. “This enormous Asia market expansion, coupled with the 44 percent growth in global profiles, makes Lightcast a clear global leader in labor market intelligence, which fuels data-driven skills-based hiring and workforce planning.”
Global Depth, Breadth, Accuracy, Frequency, and Transparency
Lightcast possesses unparalleled heritage and scale in labor market data collection, processing, and classification. With an ethos of global data quality, transparency, and trust, Lightcast employs a wide range of data sources, sophisticated analytical tools, patent-pending technology, and human expertise, including:
- Proprietary AI Models – Leveraging generative AI models fine-tuned on more than two decades of Lightcast’s labor market data and experience in the domain, its patent-pending AI technology delivers culturally relevant labor market translations for superior linguistic accuracy compared to standard AI-based transliterations. This accuracy is fundamental and ensures finely-tuned classification.
- Linguistic Specialists – A dedicated team of linguistics specialists focused on non-English languages ensures that Lightcast’s global products are comprehensive and adhere to universal standards of accuracy and relevance. These specialists perform critical tasks such as data cleaning, validation, and integration, providing the accuracy, consistency, and reliability of data across languages and cultures. This meticulous approach ensures customers can make clear, standardized comparisons across different countries, regions, and metros.
“This unprecedented accuracy is not only essential for giving our customers the granularity and depth of data they need to make global talent decisions, but it also dramatically accelerates our data expansion to new languages,” said SVP of Data Science at Lightcast, Tyson Silver. “Now, we can leverage our industry-leading Occupation Taxonomy against non-English data without cultural nuances and data quality literally being lost in translation.”
Source: PRNewswire
