151205 ecosystems and analytics

Post on 25-Jan-2017

324 views 2 download

Transcript of 151205 ecosystems and analytics

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com

Ecosystems and Analytics

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 2

Goals

• Definition of Analytics• Impact of Ecosystems on Analytics• Why Analytics/Metrics Can and Do Go Wrong• How To Consider Metrics/Analytics Projects

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 3

Sound Familiar?

In 2016, expect to see companies begin the titanic shift from simplistic, periodic data collection based on multiple-choice surveys, to demanding technology to uncover meaningful signals in real-time that can both predict and proactively improve employee engagement, productivity, and satisfaction.

It might be a little further out than the forecasts suggest.

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 4

Things Have Changed

• Data Used to Be Expensive• Now It’s Cheap• We Used to Go: hypothesis first• Now We Go: hypothesis second

• Today, we find the hypothesis in the data

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 5

Analytics Are Immature Metrics

Data Knowledge Insight Wisdom

Data Hypothesis Analytics Metrics

Data Questions Better Questions Monitoring

Analytics is the discovery and communication of meaningful patterns in data.

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 6

There Are No Permanent Metrics

The value of a data model is inversely proportional to the number of ad hoc reports

The value of an analytic depends on stable context.

Analysis is a lens. Analytics are one view.

The result of an analytic is action. The result of action is changed data.

Changed data creates new opportunities for improvement.

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 7

All Tools Wear Out

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 8

Good Data is Dirty

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 9

Closed Systems are EasierClosed Systems are Impossible to Keep Closed

Stable Context

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 10

Ecosystem

diverse sets of creatures participating symbiotically in a system that exhibits probabilistic tendencies

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 11

Ecosystems

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 12

Coral Is An Animal

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 13

Coral Is A System

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 14

Inside and Out

• HR is Becoming Outward Facing • Data Sources

– Internal– Ecosystem– External

• Examples– Ecosystem Talent Management– Ecosystem as Talent Buffer– Pay and Benefits Equalization

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 15

The Sum Of All Transactions

Σ xactions ≤ the whole

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 16

The Cobra Story

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 17

Measurement is not an action, it’s an input

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 18

You Always Get What You Expect

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 19

The Hunt For Insight

Knowing When To Go Down A Rabbit Hole

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 20

Key Principles

1. Study Cognitive Bias http://ow.ly/YjWMC

2. Practice Finding Insights In Opaque Data3. Manage Unintended Consequences http://ow.ly/YjXal

4. Know When To Go Down Rabbit Holes