The Ways in Which Big Data can Transform Talent Management and Human Resources

The world is facing a re-skilling emergency. World Economic Forum highlights that over 54% of people will need to re-skill and up-skill themselves in the next 3 years.

Technological Advances are Upending How Work is Done

As the world of work changes, the role of the human resource department will no longer be limited to hiring and firing. HRs will need to be better at:

• planning training,
• acquisition, and
• retention strategies for their organizations.

And this is where Big Data steps in.

Big Data in HR

Big Data is about the 4V’s – Volume, Velocity, Verity, and Versatility. The newly added fifth V being Value.

Average talent management and human resource department produce a huge chunk of data on an everyday basis.

• Data from recruitment,
• Career progression data,
• Training data,
• Data from employee absenteeism,
• Performance of individuals,
• Competency of profiles in the org. and more.

For organizations, HRs are nothing short of a goldmine of ‘people data’. In 2018, the Economic Intelligence Unit found that:

More than 82% of organizations plan to begin or increase the use of Big Data in HR. (And the numbers have gone up drastically after 2020).

Going forward, intelligent organizations and talent management professionals will drive their operations and inform their decisions through data.

#hr-talent-management #hr-management #hrtech #hr #talent-management #human-resources #management #big-data

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The Ways in Which Big Data can Transform Talent Management and Human Resources

The world is facing a re-skilling emergency. World Economic Forum highlights that over 54% of people will need to re-skill and up-skill themselves in the next 3 years.

Technological Advances are Upending How Work is Done

As the world of work changes, the role of the human resource department will no longer be limited to hiring and firing. HRs will need to be better at:

• planning training,
• acquisition, and
• retention strategies for their organizations.

And this is where Big Data steps in.

Big Data in HR

Big Data is about the 4V’s – Volume, Velocity, Verity, and Versatility. The newly added fifth V being Value.

Average talent management and human resource department produce a huge chunk of data on an everyday basis.

• Data from recruitment,
• Career progression data,
• Training data,
• Data from employee absenteeism,
• Performance of individuals,
• Competency of profiles in the org. and more.

For organizations, HRs are nothing short of a goldmine of ‘people data’. In 2018, the Economic Intelligence Unit found that:

More than 82% of organizations plan to begin or increase the use of Big Data in HR. (And the numbers have gone up drastically after 2020).

Going forward, intelligent organizations and talent management professionals will drive their operations and inform their decisions through data.

#hr-talent-management #hr-management #hrtech #hr #talent-management #human-resources #management #big-data

Top 10 Big Data Tools for Data Management and Analytics

Introduction to Big Data

What exactly is Big Data? Big Data is nothing but large and complex data sets, which can be both structured and unstructured. Its concept encompasses the infrastructures, technologies, and Big Data Tools created to manage this large amount of information.

To fulfill the need to achieve high-performance, Big Data Analytics tools play a vital role. Further, various Big Data tools and frameworks are responsible for retrieving meaningful information from a huge set of data.

List of Big Data Tools & Frameworks

The most important as well as popular Big Data Analytics Open Source Tools which are used in 2020 are as follows:

1. Big Data Framework
2. Data Storage Tools
3. Data Visualization Tools
4. Big Data Processing Tools
5. Data Preprocessing Tools
6. Data Wrangling Tools
7. Big Data Testing Tools
8. Data Governance Tools
9. Security Management Tools
10. Real-Time Data Streaming Tools

#big data engineering #top 10 big data tools for data management and analytics #big data tools for data management and analytics #tools for data management #analytics #top big data tools for data management and analytics

Your Data Architecture: Simple Best Practices for Your Data Strategy

If you accumulate data on which you base your decision-making as an organization, you should probably think about your data architecture and possible best practices.

If you accumulate data on which you base your decision-making as an organization, you most probably need to think about your data architecture and consider possible best practices. Gaining a competitive edge, remaining customer-centric to the greatest extent possible, and streamlining processes to get on-the-button outcomes can all be traced back to an organization’s capacity to build a future-ready data architecture.

In what follows, we offer a short overview of the overarching capabilities of data architecture. These include user-centricity, elasticity, robustness, and the capacity to ensure the seamless flow of data at all times. Added to these are automation enablement, plus security and data governance considerations. These points from our checklist for what we perceive to be an anticipatory analytics ecosystem.

#big data #data science #big data analytics #data analysis #data architecture #data transformation #data platform #data strategy #cloud data platform #data acquisition

The Ways in Which Big Data can Transform Talent Management and Human Resources

Big Data is changing human resource management for good. We explore 4 major ways data analytics is upending & expanding the role of human resource departments for organizations.

_ The world is facing a re-skilling emergency. World Economic Forum highlights that over 54% of people will need to re-skill and up-skill themselves in the next 3 years._

Technological Advances are Upending How Work is Done

As the world of work changes, the role of the human resource department will no longer be limited to hiring and firing. HRs will need to be better at:

• planning training,
• acquisition, and
• retention strategies for their organizations.

And this is where Big Data steps in.

#big-data #big-data-analytics #data-science #human-resources #hr

Silly mistakes that can cost ‘Big’ in Big Data Analytics

Big Data has played a major role in defining the expansion of businesses of all kinds as it helps the companies to understand their audience and devise their business techniques in accordance with the requirement.

The importance of ‘Data’ has been spoken very highly in the modern-day business. Thus, while using big data analysis, the companies must keep away from these minor mistakes otherwise it could have a major impact on their performances. Big Data analysis can be the silver bullet that can answer your questions and help your business to scale newer heights.

Read More: Silly mistakes that can cost ‘Big’ in Big Data Analytics

#top big data analytics companies #best big data service providers #big data for business #big data technology #big data mistakes #big data analytics