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.