How the Big Data Revolution Is Improving The Workforce - Dr. Michael Housman
The story of big data is ultimately a story of rate limiting factors. Over time, tools and technologies have emerged that allow us to: (1) capture large volumes of data; (2) analyze those datasets; and (3) generate insights from them. Whereas decades ago the struggle was simply to pull the data into once place and analyze it without having personal computers or statistical software grind to a halt, the tools have developed to facilitate this; the current struggle is in finding people who are trained capably enough to interpret the results and make sense of everything that's going on.
In this video insight, Dr. Housman outlines how the big data revolution has unfolded and then explains how it has migrated over to the workforce. There are parallels between the emergence of big data and predictive analytics in other industries (e.g, marketing, finance, etc.) and what is currently being used to predict attrition and performance within the workforce. So there are a number of exciting implications for our ability to get inside the heads of employees and figure out how to keep them longer and to allow them to perform better.