Richard Knudson

Poway, CA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)

Pansophical Data Solutions, Inc.

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Location: Poway
Industry: Technology/Web
Year Founded: 2015
Number Employees: 1-10 people
Business Stage: Creation/Idea
Entity Type: "C" Corporation
Description: We present our business concept for the development of a game changing, industry disruptive Software-as-a-Service (SaaS), cloud-based product utilizing our proprietary ‘Pansophical Data Solutions’. Our mobile friendly product has the potential to not only disrupt, but also, fully supplant the existing $500 Billion (2016 est.) recruiting industry, an essential activity of every employer with a far superior industry model. Our patented data structures enable efficient and precision matching of jobseekers to posted positions. This improved industry model is expected to cost $0.15 or less for every $1.00 currently spent. • The recruiting costs in 2016 are estimated to be $500 billion, globally. • The top three recruiting companies had combined revenues of $67 Billion in 2014. • Online services (Monster, Dice, CareerBuilder) are ineffective and expensive. • In the United States, our primary market, recruiting costs are estimated to be $165 billion in 2016. • Employers lose an estimated $465 Billion in lost productivity due to the right person in the wrong job, • Recruiting costs are expected to rise 10%-15% annually for the foreseeable future. In addition to potentially reducing the global industry by 85%, from a $500 billion industry to a $75 billion industry, of which Pansophical Data Solutions intends to be a, if not the, major player, our solution will offer client employers the following advantages: • Shortlist of most qualified candidates within seconds from the time a posting is made as opposed to 60 days, • References are checked and reference evaluation metrics are provided in shortlisted profiles, • Mitigating the high cost of lost productivity and high medical costs due to disengaged employees, • Instant summary profile shortlisted candidates matched to job requirements, • Ability to generate a posting in minutes rather than the current 20-200 hours, • Shortlisted candidates view position’s attributes as desirable, improving job satisfaction, reducing turnover, • Shortlisted candidates are immediately engaged in an interactive, individually tailored, AI driven chat, • Chat clarifies jobseeker information, and demonstrates jobseekers’ communication skills, • Reduces time from job posting to on-boarding new employees from months to weeks. Jobseekers need only submit their information a single time, and they are instantly matched to every applicable position, as it is posted, for which they might qualify and would find desirable. The jobseeker benefits are: • Matched to all positions for which he has the skills and experience necessary to perform the job. • Elimination of the excessive time currently required to research, identify, and analyze open positions, • Eliminates the hundreds of daily, unsolicited emails, • Eliminates constant tailoring of their data to appeal to specific employers for specific positions, and • Matched to multiple job classifications for which he has the appropriate qualifying skills. After 4 years of research and 7,000 hours of specific domain analysis, and mathematical proof of concept, patented design we are seeking seed funding to complete development of our revolutionary employee-employer-connect application based on our patented ‘smart’ data’ to take it to market. Our major milestones: • Startup and initial teaming, legal, and training of team: Months 1-2 • Prototype for load and stress testing and marketing demonstrations: Months 3-6 • Completion of market ready SaaS application: Months 7-9 • 90-day beta testing by potential clients: Months 10-12 • Positive Cash Flow: Month 12.