Analytics, Machine Learning and Data Science
With the increase in computing power, organizations are interested in analyzing both internal and external data to identify previously unknown relationships that will drive operational efficiency, increase sales, and provide a competitive marketplace advantage. Deloitte’s Advanced Analytics & Modeling (AAM) practitioners provide end-to-end business solutions using advanced statistical techniques to analyze large quantities of internal and external information to unlock previously unknown, but meaningful, business relationships allowing clients to significantly improve profitability through more informed insights. Analytics techniques include: predictive modeling, simulation, optimization, scenario planning, and data mining. Our Data Mining methodology is based on more than 20 years of R&D in artificial intelligence and neural network applications.
Employees are crucial in achieving business performance. Still, most organizations do not have insight into the workforce characteristics that drive their business performance. Analytics helps organizations to gain insight and to underpin their HR investments. It helps HR Business Partners to be a reliable business counterpart. Inevitably this requires to back-up the decisions taken or to be taken by data, creating a clear link between people data and hard revenue indicators. The new challenge of the HR BPs is to transform into a fact-based HR department which provides numbers to previously "soft", People KPIs.
Our holistic approach empowers organizations to identify employee performance drivers and enables HRBPs to buid up their Analytics capabilities by bringing together data, people, technology and processes. Our professionals have expertise and experience in: -building an insights driven organization -building dashboards in modern tools; -creating predictive tools for all HR functions (e.g., measuring and predicting recruitment or learning effectiveness, adoption of technology); -teaching you how to build up the analytics capabilities to ensure long term use of analytics-executing predictive analytics
Apply Analytics to demonstrate the value that HR as a function delivers and to predict the impact of workforce characteristics on business performance. To that end, Deloitte has a miriad of Value Propositions aimed at coupling People data to Business data. For example, our Recruitment analytics identifies the High-Performers from a Business perspective (e.g. best sellers) and predicts which candidates are likely to become High Performers. Similarly, our Change Adoption Profier Value Proposition asses the readiness of employees to adopt a technological change and, thus, allows to customize the approaches to each group. By doing so, change programs increase their effectivess and the HR BPs have a number-driven story to tell to Leadership. Last, Deloitte has inhouse capabilities of building People Dashboards, visualizing, for example, the impact of rewards on engagement or on revenue.