By: Greta Roberts, Conference Chair, Predictive Analytics World for Workforce 2016
In anticipation of his upcoming Predictive Analytics World for Workforce conference presentation, The State of Predictive Analytics for Workforce in Enterprise Applications, we interviewed Holger Mueller, Principal Analyst & Vice President at Constellation Research, Inc. View the Q-and-A below to see how Holger has incorporated predictive analytics into the workforce of Constellation Research, Inc. Also, glimpse what’s in store for the new PAW Workforce conference.
Q: How is a specific line of business / business unit using your predictive decisions? How is your product deployed into operations?
A: Enterprises use predictive analytics all over workforce decisions – recruiting, performance management, learning, compensation, career planning are the most prominent use cases.
Q: If HR were 100% ready and the data were available, what would your boldest data science creations do?
A: Hands down workforce planning.
Q: When do you think businesses will be ready for "black box" workforce predictive methods, such as Random Forests or Neural Networks?
A: Never – business users will just consume analytics solutions that work for them and not care about the technology and analytical magic sauce behind them…
Q: Do you have suggestions for data scientists trying to explain the complexity of their work, to those solving workforce challenges?
A: If you had the guarantee to win the lottery 1 out of 10 times – you would not ask how it works. You would play the lottery! If a predictive algorithm makes an HCM decision better – why ask and try to understand why it is better? Just use it.
Q: What is one specific way in which predictive analytics actively is driving decisions?
A: Making more objective decisions than humans, and saving precious time.
Q: How does business culture, including HR, need to evolve to accept the full promise of predictive workforce?
A: Time pressure will make business professionals adopt predictive analytics in droves, with HR liking, supporting it – or not.
Don't miss Holger’s conference presentation, The State of Predictive Analytics for Workforce in Enterprise Applications, at PAW Workforce, on Tuesday, April 5, 2016 from 1:30 to 2:15 pm. Click here to register for attendance.