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posted by janrinok on Tuesday February 13 2018, @03:17AM   Printer-friendly
from the I-guess-so dept.

An increasing number of businesses invest in advanced technologies that can help them forecast the future of their workforce and gain a competitive advantage. Many analysts and professional practitioners believe that, with enough data, algorithms embedded in People Analytics (PA) applications can predict all aspects of employee behavior: from productivity, to engagement, to interactions and emotional states.

Predictive analytics powered by algorithms are designed to help managers make decisions that favourably impact the bottom line. The global market for this technology is expected to grow from US$3.9 billion in 2016 to US$14.9 billion by 2023.

Despite the promise, predictive algorithms are as mythical as the crystal ball of ancient times.

[...] To manage effectively and develop their knowledge of current and likely organisational events, managers need to learn to build and trust their instinctual awareness of emerging processes rather than rely on algorithmic promises that cannot be realised. The key to effective decision-making is not algorithmic calculations but intuition.

https://theconversation.com/predictive-algorithms-are-no-better-at-telling-the-future-than-a-crystal-ball-91329

What do you people think about predictive algorithms ? Mumbo jumbo or ??


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  • (Score: 2) by takyon on Tuesday February 13 2018, @03:56AM (3 children)

    by takyon (881) <reversethis-{gro ... s} {ta} {noykat}> on Tuesday February 13 2018, @03:56AM (#636970) Journal

    It's about time to integrate machine learning into the secret sauce to keep the illusion going for a few more years.

    Proprietary cloud AI predictive analytics platform utilizing open source intelligence and machine learning.

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  • (Score: 2) by NotSanguine on Tuesday February 13 2018, @04:10AM (1 child)

    by NotSanguine (285) <NotSanguineNO@SPAMSoylentNews.Org> on Tuesday February 13 2018, @04:10AM (#636978) Homepage Journal

    It's about time to integrate machine learning into the secret sauce to keep the illusion going for a few more years.

    Proprietary cloud AI predictive analytics platform utilizing open source intelligence and machine learning.

    Oh Takyon! You know how hot I get hearing buzzwords and jargon! Don't stop! Oh yeah!

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    • (Score: 4, Funny) by c0lo on Tuesday February 13 2018, @04:14AM

      by c0lo (156) Subscriber Badge on Tuesday February 13 2018, @04:14AM (#636983) Journal

      You know how hot I get ...

      Stop already! Think of those polar bears.

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  • (Score: 2) by c0lo on Tuesday February 13 2018, @04:13AM

    by c0lo (156) Subscriber Badge on Tuesday February 13 2018, @04:13AM (#636982) Journal

    If it doesn't include blockchain technology, it's worthless.
    (or did the blockchain bubble already burst already?)

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