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 FatPhil on Tuesday February 13 2018, @09:43PM
If the dollar were to plunge in value, and the worthless make-nothing-useful companies were to pop like balloons, what would you imagine would happen to the DJIA? The core fundamental businesses that make America work would still be valued, but the dollar would be less, so their share price might rocket. And therefore so would the DJIA, being a weighted mean of share prices - *measured in now worthless dollars*.
Part of the recent SP500/DJIA growth in the last year is because Trump's tanked the dollar by 20% http://www.x-rates.com/graph/?from=EUR&to=USD&amount=1 . Check GOLD and SILVER too - magically increasing in value in USD whilst slowly fading in GBP, EUR, JPY, CHF, ...
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves