TABLE OF CONTENT1.Introduction2.What is Big Data?3.7 Salient Benefits of Big Data for Human Resource Management 4.The Cloud and the Future of Big Data for HR5.How Microsoft Power BI Tool can ‘Power-up’ Your HRM Activities6.Advantages Power BI7.Conclusion8.How CloudThat Can Help?Introduction
“Big data is what gives us power. It is a data world created by all living creatures. It surrounds us, penetrates us, it binds our world together.” This quote sums up how Big Data has become an integral part in our lives.
This metaphor may seem a little extreme, but it is important to note that big data are everywhere and many worldly things can’t be done without massive data. Cloud computing has been adopted by large and small organizations. The appliance’s ability to increase performance, maintain high-quality talent management, and all this at a low cost has been the reason.
This Blogpost discusses “How Big Data Analytics Can Empower Human Resource Management?” It also demonstrates how organizations can use Microsoft Power BI tools to efficiently manage human resource management activities.
What is Big Data?
Big data is a mixture of structured, semi-structured and unstructured data that organizations collect. This data will be used in machine learning projects, predictive modelling, and other advanced analytics applications. Big data systems that store and process big data have become a standard part of knowledge management architectures within organizations. They are also supported by tools that allow for big data analytics. The three V’s of big data are often used to describe it:
Top of Form
Bottom of Form
The high volume of data in many environments.
A wide range of data types are stored in big data systems.
The speed at which data are generated, collected, and processed.
Big data cannot be classified into existing technological dimensions such as data mining, algorithms, machine learning, and artificial intelligence. These technologies are interconnected with big data and take on a new form after the process.
The cycle of Big Data Generation
Big data enable Data Mining. Data Mining shapes algorithms. Algorithms allow us to train machines using Machine Learning techniques. The learning that occurs from Machine Learning creates Artificial Intelligence. Artificial Intelligence generates more Big Data. In other words, Big Data creation is possible through Data Mining, Machine Learning, and Artificial Intelligence.
The cycle of Big Data Generation
In today’s context, Big Data is being used in every sector, from agriculture to education to healthcare to manufacturing. Companies are under immense pressure to improve their Human Resource Management systems using people analytics tools. Organizations should reap the benefits from Big Data to drive HRM activities.
7 Benefits of Big Data in Human Resource Management
The most successful company understands the importance of HR to their organization. This is especially true when it comes to acquiring top talent and keeping them competitive. HR departments are now looking to big data analysis to help them. The HR departments have a variety of roles and benefits that big data can offer.
Transparency between the HR department of the Organization and the Rest of the Organization
HR has always suffered from a communication gap. It was able to access its information quickly while remaining separate from the rest of the organization. There was often a communication gap and delays in accessing information. Reporting was also not always instant. With the cloud and big data, all information within an organization is now available.
