Numbers and I have never been real friends. This is especially true if I must add, subtract, divide, multiply, take their square root, or label geometric shapes with them. My head is spinning already! However, now numbers in the form of big data and analytics are all the rage. Are these the latest business buzz words or is there any real substance to data?
Data is an important measurement tool. Analyzing that data is where the real power comes in. We all know from statistics class that groups can manipulate data to support their own agendas. Errors in collecting data, prevent achieving true measurements – regardless of how much analyzing you do. The point is that the data must be reliable, and collecting it must be accurate, and consistent. Managing data efficiently and accurately is also essential to the process and the results. The next big question is, how can data help in measuring the human aspect of business, giving organizations a competitive edge, find solutions to strategic challenges, be more productive, and profitable? A tall order indeed. Here is how human analytics can help in several areas.