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Why HR professionals struggle with big data

CIO

The new requirements will include creative and analytical thinking, technical skills, a willingness to engage in lifelong learning and self-efficacy. HR managers need to think strategically about what their companys needs will be in the future and use this to develop requirement profiles for personnel planning. Internal developments.

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Predictive Analytics Use Case: Human Resource Attrition!

Elegant BI

Augmented analytics can also identify the need for training, the types of jobs that are most at risk of frequent turnover, the key skills for a particular position and the probability of advancement. Learn More: Human Resource Attrition. View the Human Resource Attrition Use Case Slide Share. Customer Targeting.

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5 Business Expenses That Data Can Help Reduce

Smart Data Collective

The human resources department is in a unique position to help curb those statistics and ensure the workforce is strategically aligned with the cost factors of a business. Using data, you can identify your resignation rate and commonalities and correlations; use predictive analytics to determine risk of exit; and much more.

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Predictive Analytics Use Case: Loan Approval!

Elegant BI

Banks and other lenders spend a lot of time and energy trying to identify the perfect profile for a borrower so they can make the right decision and avoid costly loan defaults and the expense and resources required to take legal action. Human Resource Attrition. Predictive Analytics Using External Data.

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Predictive Analytics Use Case: Customer Targeting!

Elegant BI

If an enterprise is to succeed, it must understand its products and services and it must know the profile of the customer it is targeting. Predictive analytics can identify a trend or pattern so that the organization can anticipate that the market, or buying behavior is changing. Human Resource Attrition.

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Predictive Analytics Use Case: Marketing Optimization!

Elegant BI

Predictive analytics can help a business develop a profile for a target customer and segment, combine external and internal data like macroeconomics and competitive data, and define marketing and advertising messages and techniques for each segment to optimize the marketing budget and improve the competitive advantage.

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Predictive Analytics Use Case: Fraud Mitigation!

Elegant BI

An enterprise can leverage predictive analytics to identify the most likely areas and actors that will be involved in fraudulent activities and by developing fraud detection models, the enterprise can reduce the cost and the negative impact to the business reputation and to the bottom line. Human Resource Attrition.