In recent months I have been asked a straightforward question by several clients: How do you define big data in the context of human capital management? More specifically, the question isn’t so much about the classic definition of big data – which includes the storage and use of high volume of data, high velocity of data and high variety of data, commonly known as the 3Vs – but really has two parts: What are the key differentiators between analytics applications and big data applications, and to what degree must an application include external data to be considered big data? Ventana Research has been covering big data for some time, and my colleague Tony Cosentino wrote about big data and workforce Analytics last September. But both human capital management and big data have evolved since then, so I think it’s worth writing about again.
Topics: Big Data, Predictive Analytics, Social Media, HCM, analytical discovery, Business Analytics, Business Intelligence, Workforce Performance