The amount of data we produce accounts for 2.5 quintillion bytes per day. In fact 90% of the data worldwide today has been created in the last two years alone. Moreover, Internet of Things (IoT) will soon produce a massive volume and variety of data at an unprecedented velocity. Nevertheless the questions remain:
How far can you take data? What about the big impacts?
If “Big Data” is the product of digital revolution “Data Science” is its vehicle. A few years back the Big Data trend finally reached HR function. There are still only a few companies that have mastered their data and the runners up are quickly catching up. Now everybody speaks about Big Data Analytics and Insights we can gain from correlations.
Big Insights can help develop Intellectual Capital. In the digital era knowledge travels exceptionally fast and smart companies are already leveraging knowledge retention. With today’s complexity the new set of interdependencies is being created like new synapses between neurons. Today the cross-functional knowledge is the key to success.