The Rise of People Analytics
- 1. The Rise of People Analytics Diego Gomez Vice President of Human Capital Management Transformation Oracle
- 2. Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | The Rise of People Data & Analytics Workforce Live Chicago, IL September 1st 2016 2 Diego Gomez Vice President HCM Transformation & Thought Leadership
- 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
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- 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?
Editor's Notes
- 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. Next Slide…