First, "Big Data" is a bit of a misnomer. After all, you’ve always managed massive amounts of information, when you consider things like salary and benefits records, performance ratings, timesheets, resumes and job descriptions. The promise and the challenge of Big Data are in using structured and unstructured information to spot previously hidden patterns and to make better decisions. Organizations now have the potential to find insight in the most mundane places, if they can get their arms around what they already have. We can help.
Why is there suddenly so much discussion about Big Data in HR? Because until now, technical constraints limited our ability to see a bigger picture. Advances in the speed of information processing, the size and price of storage, and the intelligence of analytics software have now combined to make new analytical techniques possible. We can now make predictions, based on disparate data sets that can change the way we think about the workforce. But for this to happen, we have to find and get access to the raw data; put it into a usable form; use new techniques to analyze it; and display the results in a way that lets analytics stakeholders act on them. Needless to say, this is all easier said than done. We're changing that by helping organizations to jumpstart their HR Big Data initiatives.
Better control of your “Big Data” leads to better insights and action.
A typical HR system has more than 400 data elements about each employee, most of which are rarely used for any decision-making. We've developed a framework that can help you organize your thoughts around what you have, need, and want, so you can start a more productive discussion about any Big Data project. For example,
By creating effective rules and governance processes around your data, you'll move from reporting to analyzing, and from reacting to leading. That's big.
Our Data Governance and Quality services complement other PwC people analytics programs by further showing you how to get the most out of what you already have. With the right rules and governance processes, you'll be able to anticipate rather than react. From surveys and benchmarking to predictive services and people analytics strategy, we help our clients make fact-based decisions about human capital, creating meaningful change for employees, teams, and entire organizations.
We would love to learn more about you—and learn how we might be able to help. Take the next step: click here to start a conversation.