Highly successful organizations understand the importance of acquiring and keeping top talent. HR departments are starting to tap into a massive competitive advantage by leveraging data analytics to identify top performers before they're hired, improve their retention rates, and keep their employees happy and engaged. As the technology for dealing with large sets of employee data continues to advance, this competitive advantage will soon become the new normal. The time for human resource professionals to start embracing data analytics is now.
We have a small problem with Big Data...the majority of us just don't completely understand it. Sure, we've all heard the term "Big Data" - but I'm willing to bet if I asked a room full of people what it was, I'd get puzzled looks and shrugged shoulders from about half the room...and I'm sure I'd lose most of the other half of the room if I followed up that question by asking how to leverage big data for real business value.
Making an ECM implementation successful requires planning and attention to detail. The best way to create the right solution is to identify organizational goals and priorities. Learn how to manage a successful implementation in our free guide.
In 1989, I took my first decision sciences course and started coding in SAS at the age of 20. I greatly enjoyed pulling discoveries buried within mounds of data, although and even small datasets had many discoveries back then. At the root of every model I’ve built, even the simplest, was a solid understanding and foundational rigor of statistical theory. When computing simple statistics or developing descriptive models, I thought through the math behind the model and how this would impact the formation, application, and interpretation.
Are you finding yourself overwhelmed by the amount of data you have to manage? While it's great to stay up with the latest technology, digital transformation can sometimes leave people feeling like there was a document "explosion" in their department. Not to worry, we're here to help.
Data and analytics have redefined the way we compete. Data is a critical corporate asset that organizations are starting to monetize in new ways to get ahead of their competition. The bottom line? Companies that leverage data to drive the performance of their organization’s decisions are winning at a faster rate than their competition.
Last year, Gartner created quite a stir by retiring the “Big Data” Hype Cycle from its popular “Hype” curve series. According to Betsy Burton at Gartner, “We’ve retired the big data hype cycle. I know some clients may be really surprised by that because the big data hype cycle was a really important one for many years. But what’s happening is that big data has quickly moved over the Peak of Inflated Expectations and has become prevalent in our lives across many hype cycles. So big data has become a part of many hype cycles.”