We have seen and heard how Big Data and intelligent algorithms can help provide recommendations on our facebook feed and Moview we’d like to see on Netflix. Workday, a software firm is working on a new system that can bring the same type of crunching of data to the office. The company’s cloud based software solution for businesses can spot outstanding candidates for a job and predict which departments are going to exceed their budgets, and even make an educated guess about who will quit next.
In a statement to The New York times, the co-founder and CEO Aneel Bhusri said that the software uses a lot of same thinking and algorithms as consumer apps (like Netflix) but since the data is more complex, there are some more algorithms.
Workday isn’t revealing exactly how it works out which high performers are likely to move on to new pastures, but businesses can use the software to try and keep key staff members on the payroll with a salary increase or the offer of a new position
Workday’s system is also able to scan social media profiles and other databases to categorize people by their occupation type (enabling recruiters to cast their nets more widely) and the firm is making developing programs suitable for schools as well. Other business software developers such as Salesforce and Tidemark have already announced that this type of big data analysis will play a key role in their products in the future.
“Making an employee happy, improving the efficiency of a company, these are hard problems that affect corporations,” said Mohammad Sabah, director of data science at Workday. “We’ve applied machine learning to affect consumer tastes [and] putting it to career choices, to pay and employment, have a huge upside if we do it right… we’re surprised how accurately we can predict [when] someone will leave a job.”
The implementation of these systems is still some way off, but they’re in the advanced stages of development — don’t be surprised if in a few years’ time your boss knows about your plans to quit before you do.
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