Many businesses are reaping rewards from big
data analytics. But there are also some areas of
disappointment.
Experts caution that big data, like any other, is
only as good as the questions being asked – and
that some algorithms can make unhelpful
assumptions.
There’s a saying in the sciences,
“Statistics means never
having to say you are certain.”
In a way ,for any variables even if there
exists a correlation that is shown as
signifcant but mat be noisy enough.
The latest fad in human resources, using
big data analytics and personality test
scores to predict who is best for a given
job.
Insight 2
•And then there’s the question of what
metrics a personality test uses to gauge
“success.”
•Big data needs a hard outcome metric for
performance, but the most readily
available metrics may not actually be the
most important variables in
organizational flourishing.
•This scenario can be shown in terns of an
example:
•A manager – like the demotivating petty
tyrant –can force his people to work hard
to meet quarterly targets
•Now we have known since long that
managers who focus too much on
performance at the expense of people
can be ruinous to the organization over
the long term.
•So in a way,the strongest predictor of a
person’s future behavior is their past
performance itself. And that
performance gets evaluated best by
people who know that person well.
Managerial Relevance:
•A manager usually if he follows these
above insights would not completely
rely over statistics.Since it may lead us to
uncertainity sometimes.
•He can learn from the results obtained
from analysis on how to handle his
work being a manager and gain success.
•Thank You

Assignment week4 day3 data analytics

  • 2.
    Many businesses arereaping rewards from big data analytics. But there are also some areas of disappointment. Experts caution that big data, like any other, is only as good as the questions being asked – and that some algorithms can make unhelpful assumptions.
  • 3.
    There’s a sayingin the sciences, “Statistics means never having to say you are certain.”
  • 4.
    In a way,for any variables even if there exists a correlation that is shown as signifcant but mat be noisy enough. The latest fad in human resources, using big data analytics and personality test scores to predict who is best for a given job.
  • 5.
    Insight 2 •And thenthere’s the question of what metrics a personality test uses to gauge “success.” •Big data needs a hard outcome metric for performance, but the most readily available metrics may not actually be the most important variables in organizational flourishing.
  • 6.
    •This scenario canbe shown in terns of an example: •A manager – like the demotivating petty tyrant –can force his people to work hard to meet quarterly targets
  • 7.
    •Now we haveknown since long that managers who focus too much on performance at the expense of people can be ruinous to the organization over the long term. •So in a way,the strongest predictor of a person’s future behavior is their past performance itself. And that performance gets evaluated best by people who know that person well.
  • 8.
    Managerial Relevance: •A managerusually if he follows these above insights would not completely rely over statistics.Since it may lead us to uncertainity sometimes. •He can learn from the results obtained from analysis on how to handle his work being a manager and gain success.
  • 9.