Big Data, Human Resources, and the Future of Hiring

Category: Academics

Big data is gigantic amount of structured, semi-structured and unstructured data available from various sources across the internet and even internal systems. The problem though is, how to utilize this vast resource of vital information. The answer is Big data analytics. Big data analytics is now seen as the future of human resources and recruitment, like any other organizational function. In the present scenario, almost every job seeker exists on social media, online job portals, etc. This provides HR professionals a great opportunity to identify top talent with the help of right analytical tools to dig into this data. Previous means to recruit were past experiences, opinions and guts. But making uninformed decisions while hiring often resulted into selection of poor candidates, and subsequently into considerable revenue losses for businesses. However, with the advent of big data, it’s now possible to gauge a candidate's potential performance, skills, productivity, etc. in order to ensure accomplishment of desired objectives. All you need are right tools to accumulate, mine, analyze the data for managing tasks related to human resources. LinkedIn, a social network of millions of professionals, acquired Bright in 2014 to use its algorithm in order to extract useful information from massive data that exists in its database.