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.
What do you people think about predictive algorithms ? Mumbo jumbo or ??
(Score: 5, Insightful) by Anonymous Coward on Tuesday February 13 2018, @04:06AM (2 children)
The Deification of the Algorithm.
We've done this type of thing to all sorts of things throughout history, and it's always been for the same purpose: keep a group of people in check... (conveniently, always a group 'we' don't belong to, it's always the other ones that need to be kept in check)
(Score: 0) by Anonymous Coward on Tuesday February 13 2018, @06:07AM (1 child)
Used to be "computer", and now it's "algorithm".
(Score: 2) by MostCynical on Tuesday February 13 2018, @06:25AM
Don't forget "...in the Cloud"
"I guess once you start doubting, there's no end to it." -Batou, Ghost in the Shell: Stand Alone Complex