Last Updated: 20 Feb 2019 | 5 min read
The Big Data industry is supposedly heading towards a couple of hundreds of billion $ industry by the end of 2022. More importantly, big data analytics is going to help business in achieving thriving success in their business operations and processes. A large number of organisations who are going to welcome and adapt data sciences into their everyday business functions would be benefiting by consuming fewer resources and time on human resource management.
Many crucial studies have suggested that many companies are simply just sitting on this huge pile of data without realising how to actually put to use. In a way, companies can always utilize data for their own good which has always been there and take maximum advantage of it with the help of bringing data analytics with artificial intelligence.
This will help in drafting a roadmap leading to user behaviour, their taste and choices. Furthermore, it helps companies in making an informed decision and to adjust based on customer preferences, need and tastes.
Big Data Into Acquisition
Enterprises and big institutions are going through a rough patch when it comes to hiring resources or acquiring talented and skilled professionals for the various respective fields in a company. The difficulty proportion has risen due to the reason of major companies wanting to tap into the common market share to acquire the right skilled personnel.
A non-promising candidate or rather bad recruitment decisions have resulted in almost costing 30% of an employee’s yearly earnings to the company. Neither does the conventional ‘Human Resource’ department of any company has a sufficient workforce to handle this issue nor has the facility to build up a system to analyse the huge quantity of data simultaneously. In such a scenario, big data could prove to be highly beneficial. These organisation can start utilising big data analytics and software to bifurcate hundreds of applications on a daily basis and after sorting can have the database of the most talented and suitable applications.
Big Data Into Learning & Training
Acquiring the best talent does not complete the job for the company in becoming a successful enterprise. The next step is to make the employee introduce to his or her new role and responsibilities of the work involving the software solutions and programs which is used by the business to complete everyday operations. This all has to be made in accordance with keeping the goals and objectives of the company. Additionally, as the business environment and architecture is constantly evolving and contrary it is also important to make sure that the workforce is updated with the latest set of tools, skills and expertise to cope up – a continuous medium of learning and training workshops are must. Taking help of big data analytics with human resource software, companies are not able to keep track of such training modules and their result but also by bringing data sciences to evaluate the process can prove to be of immense help to any business.
Big Data Into Performance
Measuring employee performance is vital in human management and for companies in deriving potential flaws and draw mistakes so as to contribute to efficiency. With real-time KPIs (Key Performance Indicators) deduce from big data analytics helps an organisation to check performance on a real-time basis and also evaluate the report separately for each employee. Such valuable feedback accelerates the task of owners and managers in making informed and valid decisions.
This is only going to grow further with personality, habits and user behaviour changing which will be analyzed by algorithms specifically designed to understand and predict our choices and selection. Big Data has also unearthed the relativeness in every industry segment and its users starting from business development to athletes to the education industry. Being a top mobile app development company with close to 10 years of experience, we are constantly involved in researching, developing and delivering cutting-edge solution regarding the upcoming and trending technology and its aspects.