SoylentNews is people
SoylentNews
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: 2) by fadrian on Tuesday February 13 2018, @01:39PM
Predictive algorithms work fine when they do work. Of course, this does not stop them from being overhyped and misused. And anyone who currently tries to apply them to the work domain is either a genius with a breakthrough or a total tool (in the case of this article, I'm leaning towards the tool side). Just sayin' that you shouldn't be throwing out babies with bathwater - there are some fine techniques and outcomes when predictive algorithms are applied appropriately.
That is all.