Data Science and Human Resources
We live in a world flooding with data, and the rate at which this data is exploding can be felt by the fact that the entire amount of data in the world gets doubled every two years. That’s so much data, and it’s beyond any human’s capacity to store and manage them. Thanks to Data Science which has emerged as the strongest technique to exploit all this data and manipulate it in order to solve business problems.
Human resources have been a little slower to embrace it as compared to other industries. But now the corporations have realized that this is the best assistance they can ever have in order to spend less time and resources on hiring decisions and analyzing employees’ performance and engagement.
Applications of Data Science in Human Resources
- Managing Data: To run a company efficiently, the top officials such as CEOs, Managers, Executives and Leaders need to know what is happening in and outside of the company. They need information in order to guide their employees in the right direction. Moreover, sales data, KPIs etc keep changing and are always uncertain. Data Science and Machine learning can help them draw better and faster insights and inferences that can solve problems and foresee future events.