The fundamentals big data & hr

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Gartner introduced the 3V model in a seminal 2001 MetaGroup research publication, ‘3D data management: Controlling data volume, variety and velocity’. The 3V model is still widely regarded as the definitive explanation of Big Data.

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The fundamentals big data & hr

  1. 1. The Fundamentals: Big Data & HR
  2. 2. Big Data: Revolutionizing the business The 4Vs of Big Data Widely regarded as the definitive explanation of Big Data
  3. 3. The 4Vs of Big Data - Volume How “big” is Big Data? Wal-Mart, handles more than 1m customer transactions every hour — the equivalent of 167 times the books in America’s Library of Congress Facebook is home to 40 billion photos and counting The number of tweets per day had reached 500 million up from 400 million in June 2012
  4. 4. The 4Vs of Big Data - Velocity The flow data is now streaming in real time continuously Sources of data flow Analysis of large chunks of data takes only a few weeks now Machines Networks People Interaction Social Media Mobile Devices
  5. 5. The 4Vs of Big Data - Variety How varied is Big Data? It is not just about the data- it’s about how you interpret the data and apply these insights to your business. Click to view ‘What Is Big Data? Infographic’.
  6. 6. The 4Vs of Big Data - Veracity This is believed to be the most critical aspect of Big Data Biases, noise and abnormality in data is not uncommon Veracity refers to accuracy of data In order to get value out of Big Data, it needs to be reliable and supported by accuracy. Big Data now leverages sophisticated algorithms that can handle inaccuracies inherent in data.
  7. 7. So how exactly can Big Data help HR? Big Data means that you can now have answers to ALL your workforce related questions Improvements in technology have made it quicker, simpler and more affordable to manage and interpret Big Data. Click to access the rest of the eBook.

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