Check out the video interview posted on TM Magazine’s site, “Use Analytics to Impart Change.” It’s a brief but interesting interview in which Richard Walker, of General Parts International, Inc., discusses the changing role of analytics in talent management, and the correlation between analytics and business outcomes.
Kim Lennon, a Senior Product Manager and expert on Analytics at SumTotal, offers this perspective:
The world of analytics has shifted emphasis over the past 2 decades – from looking at the past to looking at the future. Predictive analytics is causing a paradigm shift within organizations, allowing stakeholders to effectively answer questions such as “what is the best that can happen?” versus previously only focusing on the “what”, “where” or “when” things happened.
High performing organizations are combining quantitative along with qualitative analysis, benchmarking, and predictive analytics to anticipate and address business opportunities. The time has come for management to no longer be forced to shoot-from-the-hip in making critical business decisions.