“People analytics” is a frequently used buzzword. But questions remain as to why this is becoming such a prominent challenge for HR. What are leading organizations doing to develop their understanding of how data analytics can drive better people decisions? In this session, learn what you can start doing tomorrow to accelerate and mobilize your people analytics efforts.
Learning Objectives
• Learn the research and trends in data & analytics.
• Learn what is driving the people analytics movement.
• Learn the barriers to entry for companies.
• Learn how to mobilize your efforts in building out your people & analytics capabilities.
Speaker: Diego Gomez, Vice President of Human Capital Management Transformation, Oracle
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The Rise of People Analytics
1. The Rise of
People Analytics
Diego Gomez
Vice President of Human
Capital Management
Transformation
Oracle
3. Agenda
Data & Analytics Overview
Research & Trends
People Analytics Movement
Barriers to Entry
How to Mobilize Your Efforts
Call to Action
3
4. What is Big Data?
Big data is a collection of data from
traditional and digital sources inside and
outside your company that represent a
source for ongoing discovery and analysis.
4
5. Data Headlines
Every 60 Seconds…
350,000 Tweets Globally
72 hours of YouTube footage
uploaded
216,000 Instagram Posts
204,000,000 Emails Sent
90%
Of all Data was Created
in the Last 2 Years
50X Expected Growth in
World’s Data by 2020
Cost of Storing 1
Gigabyte has Dropped
from $569 in 1992, to <
2 cents in 2015
5
Source: McKinsey, Global Institute, Twitter, Cisco, Gartner, EMC, SAS, IBM, MEPTEC, QAS
6. Data Headlines
6
• 80% of Data Growth is
Video, Images, and
Documents
• 420 Million Wearable,
Wireless, Health Monitors
• 4 Billion Hours of Video
are watched on YouTube
Each Month
• 30 Billion Pieces of
Content are shared on
Facebook every month
• 1 in 3 Business Leaders
Don’t Trust the
information they use to
make decisions
• 27% of Respondents were
Unsure of how much of
their Data was Inaccurate
• $3.1 Trillion is estimated
amount of money that
poor data quality costs the
US Economy per year
Source: McKinsey, Global Institute, Twitter, Cisco, Gartner, EMC, SAS, IBM, MEPTEC, QAS
7. Factors Driving Big Data Explosion
Digital Devices
Data is Born Digital
Internet of Things
(IoT)
Connected Things
7
Robots and Machine
Learning
Artificial Intelligence, Big Data
8. Factors Driving Big Data Explosion
Computer Processing
Memory & Speed
Shifts in Consumer
Behaviors
Real Time | 24-7-365 |
Personalized
8
Social Sharing &
Collaboration
Human Generated Content
9. Factors Driving Big Data Explosion
Computing Power…
Connected People…
Connected Things…
Are Creating vast new
Digital & Data
Footprints
9
Storage
Where Do You Put it
All?
10. 2025 – Technology Tipping Points & Societal
Shifts
Tipping Points Expected to Occur by
2025
• 90% of Population Using Smart Phones
• The First Implantable Phone Available
Commercially
• The First 3D Printed Car in Production
• The First robotic Pharmacist in the US
• The First AI Machine on a Corporate Board of
Directors
• Driverless Cars equaling 10% of cars on US roads
• 10% of People Wearing Clothes Connected to
the Internet
• 1 trillion sensors connected to the internet
10
Source: Klaus Schwab, World Economic Forum, and
Book The Fourth Industrial Revolution
11. Big Data Impact on Business
• Imperatives to Realign Strategy, Structure, Skills, Systems &
Culture
11
Access Store Analyze
Visualiz
e
Secure Govern
Data will be declared new class of Economic Asset
• Business that optimize their data and proactively manage it
throughout the data life cycle will out perform their
competition
12. The Results Are In…
HR Organizations using People Insights & Predictive Analytics Are…
12
2x
More Likely
to Improve
Recruiting
Efforts
2x
More likely
to Improve
their
Leadership
Pipelines
3x
More Likely
to realize
cost savings
and
efficiency
gains
Generating
30%
Higher Stock
Returns than
S &P 500
Over the last
3 years
Source: Bersin by Delotte, 2014
13. What’s Driving the People Analytics Movement?
New Types of Data New Tools & Tech. Deeper Insight
Structured, unstructured,
open data Increased Adoption of HR
Cloud Solutions
Improved Data &
Analytics Technology &
Tools
• CxO Demand for
Data Driven Insights
& Decisions
• Predictive and
Prescriptive
14. What’s Driving the People Analytics Movement?
Updates to HR
Operating Models
Reskilling HR
Transforming +/or
Updating HR Operating
Models
Business needs to Reskill
HR Function with
Enhanced Capabilities
15. Roadblocks for HR Organizations
Governance Scattered
Data
Data Quality
Stakeholder
Alignment
Data Security
Team &
Capabilities Data Culture
Legacy Technology
& Tools
16. How to Mobilize Your People Analytics
Capabilities
• Establish Your Team Purpose and Clear Vision of Future
• Establish Future Organization Design
• Focus on Business Outcomes & Measure What Matters
• Cultivate a Data Driven Culture – Mindset & Habits
• Acquire and Invest in Analytics Team with Balance of Skills
• Invest and Jump Start capabilities through Cloud Technology
16
17. Only Oracle Delivers a Modern Cloud
Complete One Cloud for Your Entire Business
Easily Change Your Cloud Experience
Unified, Actionable Information You Can
Trust
Connect Your Business, Connect Any Person, Any
Thing
Embassy Grade Security and Compliance
Data Driven
Personalized
Connected
Secure
17
19. Your Competition
• 4,500 Companies have employees focused on People
Analytics
• 43% of Fortune 100 have People Analytics Teams
• 55% of all People Analytics functions have been started
within the last 5 years
• 70% of all People Analytics functions only have 1-2 team
members
19
Source: LinkedIn. Estimates based on member reported job titles and skills
To what extent is your company
Ready for the People Analytics
Movement?
How do you know if you have BIG DATA? Think of it in terms of volume” (the amount of data), “velocity” (the speed of information generated and flowing into the enterprise, typically real time streaming and log data ) and “variety” (the kind of data available), typically referred to as unstructured data, meaning not relational indexed data, often text based with a single key with a value (text as the value) called key/value store.)
Typically if your org meets any of these three “V’s” “in excessive terms”, you “may” have a need to manage Big Data. Meaning if the volume, velocity and the variety of the data is becoming unmanageable due to any of these conditions, Big Data processing in the cloud may be your answer. You can manage Big Data in the cloud or you can access providers/partners such as Oracle to process Big Data as a Service for you – as you will see later with Oracle Data Cloud.
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Wearable Devices – Access to Data. Implications in Workplace, Learning, and Real Time Analytics
The era of drone delivery is edging closer, as the FAA clears Amazon Prime Air for take-off
3d Printing break through
Only Oracle delivers a Modern Cloud that is : Complete, Data Driven, Personalized, Connected, and Secure, all built on industry standards.
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