Big Data: 6 Real-Life Business Cases - InformationWeek

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5/27/2015
04:06 PM
Lisa Morgan
Lisa Morgan
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Big Data: 6 Real-Life Business Cases

Better data analysis enables companies to optimize everything in the value chain -- from sales to order delivery, to optimal store hours. Here are six examples of how major enterprises are using data to improve their business models.
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Optimize The Workforce 
Some HR departments are using talent analytics and big data to reduce costs and effectively manage workforce-related issues. The data allows them to select new hires that are a better fit for the company, reduce employee turnover, understand the skills and output of the existing workforce, and determine the talent the company needs moving forward.
Xerox used big data to  reduce the attrition rate in its call centers by 20%. To do that, it had to understand what was causing the turnover, and determine ways to improve employee engagement.
(Image: Geralt via Pixabay)

Optimize The Workforce

Some HR departments are using talent analytics and big data to reduce costs and effectively manage workforce-related issues. The data allows them to select new hires that are a better fit for the company, reduce employee turnover, understand the skills and output of the existing workforce, and determine the talent the company needs moving forward.

Xerox used big data to reduce the attrition rate in its call centers by 20%. To do that, it had to understand what was causing the turnover, and determine ways to improve employee engagement.

(Image: Geralt via Pixabay)

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