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While data tends to be used in tactical-operational areas such as HR reporting and controlling, there is still room for improvement in the strategic area of peopleanalytics. If a database already exists, the available data must be tested and corrected. Subsequently, the reporting should be set up properly.
One real challenge that we’re seeing is the focus on forecasting. Let’s talk about forecasting for a moment. Everybody’s very concerned about forecasting. Most companies will forecast their business based on trends. So, how do companies handle this kind of crisis? And that’s called trend analysis.
This scenario suggests that in the not too distant future, there will be a large “long-tail” of producers that will have to be taken into account for any production forecasting model. These include recruitment, training, performance management, and employee retention.
The way an AI system will operate in terms of engaging our employment sector is first of all, we need people who can build the models, who would be the mathematicians, computer scientists, engineers. We need people who can test.
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