If you are interested in HR innovative solutions especially on the Cloud or currently trying to select a new Cloud HCM solution such as Workday HCM, SuccessFactors or Oracle Fusion, you have surely seen and heard about Big Data. What does it mean? What are the differences with Business Intelligence (BI) solutions? What are the benefits and the usage for Human Capital Management?
I will try in this post to explain in simple words my own understanding and share some relevant links I have found.
What is Big Data?
I have seen many definitions for Big Data and will try to summarize by listing the 7 most important features:
- Big Data solutions allow to store and / or access massive amount of data, more then just your own HCM data
- You can mix internal HCM data with external sources
- External data sources can be structured or unstructured (1)
- Data manipulation…
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