DEC/JAN 2017HR TECH OUTLOOK82017 HR Industry Outlook: The Analytics TakeoverBy Bertrand Dussert, VP, HCM Transformation & Thought Leadership, OracleHave you ever heard the old joke that HR is where data goes to die? Odds are, you have and that's no surprise. Even today, many HR departments have not fully embraced analytics as a core component of their administrative processes, or even modern cloud technology for that matter. However, that will rapidly be changing in 2017.Real-time reporting, advanced and predictive analytics, and big data benchmarks make administrative processes operate more efficiently and give HR departments time to focus on managing operational costs and retaining talent. As HR analytics evolve, HR leaders can empower their workforces to make better decisions, answer complex workforce questions, and compare how well their organization is doing in relation to competitors. Add in HR cloud technology to this endeavor, and your 2017 HR practices will be a key contender in advancing your company's bottom line.Analytics ChallengeAnalytics isn't just about data. Instead, the key to leveraging this data in HR departments lies with data owners. All too often data owners sit in department silos, unaware of how the data they and their counterparts collect, when combined and aggregated, can yield new business insights. While predictive analytics relies on structured data, numerous and diverse data sets can result in more useful unstructured data as well.With disparate systems, each with different owners and objectives, HR departments must first break down information silos to streamline business processes. By In My Opinion
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