The Rise of People Analytics

Diego Gomez

Vice President of Human

Capital Management

Transformation

Oracle

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The Rise of People Data & Analytics

Workforce LiveChicago, IL September 1st 2016

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Diego Gomez

Vice President

HCM Transformation & Thought Leadership

Agenda

Data & Analytics Overview

Research & Trends

People Analytics Movement

Barriers to Entry

How to Mobilize Your Efforts

Call to Action

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What is Big Data?

Big data is a collection of data from traditional and digital sources inside and outside your company that represent a source for ongoing discovery and analysis.

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Data Headlines

Every 60 Seconds…

350,000 Tweets Globally

72 hours of YouTube footage uploaded

216,000 Instagram Posts

204,000,000 Emails Sent

90%Of all Data was Created in the Last 2 Years

50X Expected Growth in World’s Data by 2020

Cost of Storing 1 Gigabyte has Dropped from $569 in 1992, to < 2 cents in 2015

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Source: McKinsey, Global Institute, Twitter, Cisco, Gartner, EMC, SAS, IBM, MEPTEC, QAS

Data Headlines

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• 80% of Data Growth is Video, Images, and Documents

• 420 Million Wearable, Wireless, Health Monitors

• 4 Billion Hours of Video are watched on YouTubeEach Month

• 30 Billion Pieces of Content are shared on Facebook every month

• 1 in 3 Business Leaders Don’t Trust the information they use to make decisions

• 27% of Respondents were Unsure of how much of their Data was Inaccurate

• $3.1 Trillion is estimated amount of money that poor data quality costs the US Economy per year

Source: McKinsey, Global Institute, Twitter, Cisco, Gartner, EMC, SAS, IBM, MEPTEC, QAS

Factors Driving Big Data Explosion

Digital DevicesData is Born Digital

Internet of Things (IoT)

Connected Things

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Robots and Machine Learning

Artificial Intelligence, Big Data

Factors Driving Big Data Explosion

Computer ProcessingMemory & Speed

Shifts in Consumer Behaviors

Real Time | 24-7-365 | Personalized

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Social Sharing & Collaboration

Human Generated Content

Factors Driving Big Data Explosion

Computing Power…

Connected People…

Connected Things…

Are Creating vast new

Digital & Data

Footprints

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Storage

Where Do You Put it All?

2025 – Technology Tipping Points & Societal Shifts

Tipping Points Expected to Occur by 2025

• 90% of Population Using Smart Phones

• The First Implantable Phone Available Commercially

• The First 3D Printed Car in Production

• The First robotic Pharmacist in the US

• The First AI Machine on a Corporate Board of Directors

• Driverless Cars equaling 10% of cars on US roads

• 10% of People Wearing Clothes Connected to the Internet

• 1 trillion sensors connected to the internet

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Source: Klaus Schwab, World Economic Forum, and Book The Fourth Industrial Revolution

Big Data Impact on Business

• Imperatives to Realign Strategy, Structure, Skills, Systems & Culture

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Access Store AnalyzeVisualiz

eSecure Govern

Data will be declared new class of Economic Asset

• Business that optimize their data and proactively manage it throughout the data life cycle will out perform their competition

The Results Are In…HR Organizations using People Insights & Predictive Analytics Are…

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2xMore Likely to Improve Recruiting

Efforts

2xMore likely to Improve

their Leadership Pipelines

3x More Likely

to realize cost savings

and efficiency

gains

Generating

30% Higher Stock Returns than

S &P 500 Over the last

3 years

Source: Bersin by Delotte, 2014

What’s Driving the People Analytics Movement?

New Types of Data New Tools & Tech. Deeper Insight

Structured, unstructured, open data Increased Adoption of HR

Cloud Solutions

Improved Data & Analytics Technology &

Tools

• CxO Demand for Data Driven Insights

& Decisions

• Predictive and Prescriptive

What’s Driving the People Analytics Movement?

Updates to HR Operating Models

Reskilling HR

Transforming +/or Updating HR Operating

Models

Business needs to Reskill HR Function with

Enhanced Capabilities

Roadblocks for HR Organizations

Governance Scattered Data

Data Quality

Stakeholder Alignment

Data Security

Team & Capabilities Data Culture

Legacy Technology & Tools

How to Mobilize Your People Analytics Capabilities

• Establish Your Team Purpose and Clear Vision of Future

• Establish Future Organization Design

• Focus on Business Outcomes & Measure What Matters

• Cultivate a Data Driven Culture – Mindset & Habits

• Acquire and Invest in Analytics Team with Balance of Skills

• Invest and Jump Start capabilities through Cloud Technology

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Only Oracle Delivers a Modern Cloud

Complete One Cloud for Your Entire Business

Easily Change Your Cloud Experience

Unified, Actionable Information You Can Trust

Connect Your Business, Connect Any Person, Any Thing

Embassy Grade Security and Compliance

Data Driven

Personalized

Connected

Secure

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Your Competition

• 4,500 Companies have employees focused on People Analytics

• 43% of Fortune 100 have People Analytics Teams

• 55% of all People Analytics functions have been started within the last 5 years

• 70% of all People Analytics functions only have 1-2 team members

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Source: LinkedIn. Estimates based on member reported job titles and skills

To what extent is your company Ready for the People Analytics

Movement?

Diego.I.Gomez@ORACLE.com