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HR Analytics and Big Data @ Work
Articles, research and reports on HR Analytics, Big Data and related topics
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Instinct Can Beat Analytical Thinking

Instinct Can Beat Analytical Thinking | HR Analytics and Big Data @ Work | Scoop.it

Psychologist Gerd Gigerenzer has spent his career focusing on the ways in which we get things right, or could at least learn to. In Gigerenzer’s view, using heuristics, rules of thumb, and other shortcuts often leads to better decisions than the models of “rational” decision-making developed by mathematicians and statisticians. 

 

A Q&A with psychologist Gerd Gigerenzer.

Tony Brugman (Bright & Company)'s insight:

Must read on decision-making! Extensive HBR blog interview "Instinct Can Beat Analytical Thinking"

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Analytics Give HR an Early Warning System

Analytics Give HR an Early Warning System | HR Analytics and Big Data @ Work | Scoop.it

"The Project: Deploy predictive analytics internally at ADP to improve human resource decision-making, identify future talent gaps and reduce attrition.


The Business Case: As the largest payroll services provider in the world, with $11.3 billion in revenue, ADP was sitting on a gold mine of employee information -- data on 33 million workers, to be exact."


Via David Green
Tony Brugman (Bright & Company)'s insight:

HR-IT supplier ADP implemented HR Analytics in its own organisation. Read what happened and what ADP learned...

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Cognitive analytics

Cognitive analytics | HR Analytics and Big Data @ Work | Scoop.it
Cognitive analytics offers a way to bridge the gap between big data and the reality of practical decision making.
Tony Brugman (Bright & Company)'s insight:

Good article by Deloitte on Cognitive Analytics. "In practical terms, cognitive analytics is an extension of cognitive computing, which is made up of three main components: machine learning, natural language processing, and advancements in the enabling infrastructure."


The article describes the history, trends and lessons learned from practice and concludes with some tips on where to start with cognitive analytics as an organisation.

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IBM CEO: "Data Analytics Will Revolutionize Decision-Making"

IBM CEO: "Data Analytics Will Revolutionize Decision-Making" | HR Analytics and Big Data @ Work | Scoop.it

With cloud, mobile, social and big data advances all happening at once and at lightning speed, how will shifts in technology impact the way businesses are run? The CEO of IBM, thinks it will change everything.


Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

In regard to data analytics, Ginni Rometty (the first female CEO of IBM) says the following in Forbes:

"Many more decisions will be based on predictive elements versus gut instincts." Although "leaders and managers interpret information through the lens of their subjective perspective and set of experiences", "with the incoming tsunami of information”,"those companies that are able to use data to their advantage will make better, more objective calls."

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Kenneth Mikkelsen's curator insight, March 9, 2013 4:18 AM

This ties beautifully in with a commentary Rasmus Rask Eriksen and I wrote for the leading Danish newspaper, Berlingske Tidende, earlier this week. For Danish readers you'll find it here: http://www.b.dk/kronikker/den-digitale-revolution-sneg-sig-ind-ad-bagdoeren

Gordon Gower's curator insight, March 11, 2013 8:31 AM

Just three on the many... (?)

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Game theory in practice

Game theory in practice | HR Analytics and Big Data @ Work | Scoop.it
FOR a man who claims to lack expertise in the field, Bruce Bueno de Mesquita, an academic at New York University, has made some impressively accurate political...
Tony Brugman (Bright & Company)'s insight:

Great article by The Economist on Game Theory in practice and how computer software can help and support in the prediction and mediation of political decision-making, various problem solving and even divorce settlements.

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Using marketing analytics to drive superior growth | McKinsey & Company

Using marketing analytics to drive superior growth | McKinsey & Company | HR Analytics and Big Data @ Work | Scoop.it
Companies have so many analytical options at their disposal that they often become paralyzed, defaulting to just one approach. A McKinsey & Company article.
Tony Brugman (Bright & Company)'s insight:

Replace Marketing with HR, and similar applies! Good article McKinsey Quarterly.

 

Three steps for making better data-driven decision-making:

1. Identify the best analytical approaches

2. Integrate capabilities to generate insights

3. Put the analytical approach at the heart of the organization

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The Science of Managing Black Swans | MIT Sloan Management Review

The Science of Managing Black Swans  | MIT Sloan Management Review | HR Analytics and Big Data @ Work | Scoop.it
New research: By exploiting organizational data, managers can derail some risky blind spots.
Tony Brugman (Bright & Company)'s insight:

Interesting blog article on MIT SMR arguing that organisations should focus more on data-driven risk management. As also counts for fact-based decision making, "organizations should rely less on management experience and intuition and rely more on integrated data to point to potential risks."

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Big Data's Biggest Challenge? Convincing People NOT to Trust Their Judgment

Big Data's Biggest Challenge? Convincing People NOT to Trust Their Judgment | HR Analytics and Big Data @ Work | Scoop.it
As the amount of data goes up, the importance of human judgment should go down.
Tony Brugman (Bright & Company)'s insight:

Great piece on HBR blog by MIT Sloan' Andrew McAfee on decision-making and analytics!

 

Quote du jour:

"The practical conclusion is that we should turn many of our decisions, predictions, diagnoses, and judgments over to the algorithms. There’s just no controversy any more about whether doing so will give us better results."

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Arguing for Increased Gut-feel in the Age of Analytics

Arguing for Increased Gut-feel in the Age of Analytics | HR Analytics and Big Data @ Work | Scoop.it
Talent Analytics, Corp. has created the most valuable, (and most addictive) talent analytics platform in the industry. Talent dashboards help organizations and consultants anticipate the affect of current and future talent on business strategies.
Tony Brugman (Bright & Company)'s insight:

Great post discussing the use of 'gut-feel' versus the use of hard analytics in decision-making situations. The author refers to the before Billy Beane (Moneyball) period, when baseball decisions were made solely on gut-feel, insead of using analytics. "Sadly, this is what many hiring managers today still do rather than should do."

 

Great quote from the article, which nails it the best:

"Relying solely on gut-feel is like flipping a coin; analytics advise you to pick heads."

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