How Analytics Is Changing Workforce Management in a Borderless World
As organizations become more global, opportunities to enter new markets and offer new solutions will drive future workforce investment, regardless of the region. In a new study from IBM, some 700 HR executives offer insights into the future of workforce management and leadership in a dynamic global marketplace. We sat down with IBM's VP of HR for workforce analytics to explore these issues.
Agreed, kerryf. It is becoming an essential, not optional tool.
I also like the point made in the video about the widespread use of the analytics and building a truly intelligent culture throughout the organization. Those will be the winning companies.
Workforce analytics has benefited many large organizations. We in our organization use workforce analytics software humanconcepts to monitor, track, analyze & implement plan of action.
Analytics are key to any successful business. Inevitably, you can startup a business and it may grow, but to keep that growth (and avoid your competors' eating you for lunch), you need to utilize metrics.
Anyone interested in how to define an integrated set of analytics to support an effective leadership system across an organization should definitely review the free Integrated Enterprise Excellence book by ex-IBMer and ASQ Medalist Forrest Breyfogle. See www.SmarterSolutions.com
I agree that businesses need analytics.The challenge is how to integrate predictive scorecards in HR with other areas of the business so that unhealthy/destructive behaviors do not occur; e.g., like we have seen in the current economic crisis and recent times.What is also needed is a methodology to reduce firefighting and playing games with the numbers.
The following e-book and article describes an enhanced business management system (Integrated Enterprise Excellence [IEE]) that integrates business-management components and leads organizations toward achieving the 3 Rs of business; i.e., everyone doing the Right things and doing them Right, at the Right time.
For the integration of HR metrics with other business metrics, see Figure 7.3 of the e-book and Figure 2 of the article.
- COMPLIMENTARY E-BOOK describes issues with many common-place business practices and provides an alternative IEE business management system: "The Integrated Enterprise Excellence System: An Enhanced, Unified Approach to Balanced Scorecards, Strategic Planning, and Business Improvement." There are two versions available for use on both computers and hand held devices at www.SmarterSolutions.com:
- The following whitepaper describes the IEE 9-step business management system: "C-Suite - The Need to Re-think our Business System's Strategic Planning, Scorecard Creation, and Process Improvement Efforts" http://www.smartersolutions.com/pdfs/online_database/article128.htm .
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Consumers are more demanding than ever when it comes to food safety, freshness, and price. Growers, processors, and retailers are using innovative and collaborative technologies to improve safety, distribution, and revenue opportunities, while also reducing waste. Find out how specialty food retailer Fairway Market is creating a smarter food network using advanced technologies from IBM.
To help fans get the most out of watching the U.S. Open, IBM and the USTA have collaborated on sophisticated digital and on-site tools that give tennis lovers a new way to experience the game. Whether they are looking for stats, scores, or insights, fans can benefit from sophisticated data gathering and analytics to connect with the game in innovative new ways.
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Just like businesses, cities compete in a global marketplace. By leveraging technology, they can use information to engage their communities, deliver better services, and lure prospective citizens.
When it comes to innovation, midmarket firms frequently lead the way. Take the budding field of personalized medicine, where forward-looking organizations like New Jersey's Coriell Institute are laying groundwork for a new generation of drugs that will be uniquely tailored to each individual patient. A small nonprofit with fewer than 200 employees, Coriell is leveraging IBM technology to create a next-generation "DNA bank," a critical tool for constructing tomorrow's "smart" medicines and treatments
An ever-increasing number of businesses are using social software to enable project managers to efficiently connect to individuals, groups of people and even entire communities. This ability to share knowledge and efficiently leverage people’s interests and skillsets enables companies of any size to remain flexible and agile when it comes to developing new products and ideas. We visited the IBM Research facility in Cambridge, Mass., for a 21st Century take on the old adage: It’s not what you know, but who you know.
Like profitability and market share, business agility is something that every company strives for. But in today’s economic climate, with businesses operating in a highly challenging and ever more complex environment, how flexible you are and how rapidly you can respond to new opportunities and adapt to new challenges may well determine the success or failure of your enterprise.
IBM is a company known for its ability to help other companies streamline their processes and become more agile. To get more insight on this, we sat down with Nancy Pearson, IBM’s vice president for BPM, SOA, and Websphere marketing.
Expert Integrated Systems: Changing the Experience & Economics of IT In this e-book, we take an in-depth look at these expert integrated systems -- what they are, how they work, and how they have the potential to help CIOs achieve dramatic savings while restoring IT's role as business innovator. READ THIS eBOOK
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M2M: Rise of the Machines? Not Yet David Weldon In the 1970 science fiction thriller Colossus: The Forbin Project, two giant supercomputers from the United States and Soviet Union secretly join forces to take control of the collective nuclear might of the two countries. In the film, the two machines discover each other's existence, communicate back-and-forth, share their collective data, and cut their human creators out of the process. It is the ultimate example of machine-to-machine communications, or M2M. CLICK FOR MORE
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M2M: Rise of the Machines? Not Yet David Weldon In the 1970 science fiction thriller Colossus: The Forbin Project, two giant supercomputers from the United States and Soviet Union secretly join forces to take control of the collective nuclear might of the two countries. In the film, the two machines discover each other's existence, communicate back-and-forth, share their collective data, and cut their human creators out of the process. It is the ultimate example of machine-to-machine communications, or M2M. CLICK FOR MORE
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