{"id":830,"date":"2022-04-18T21:43:28","date_gmt":"2022-04-19T01:43:28","guid":{"rendered":"https:\/\/digital.hbs.edu\/platform-peopleanalytics\/?post_type=hck-submission&#038;p=830"},"modified":"2022-04-18T21:43:28","modified_gmt":"2022-04-19T01:43:28","slug":"a-rising-market-people-analytics-software-is-leading-a-change-in-human-management","status":"publish","type":"hck-submission","link":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\/","title":{"rendered":"A rising market: People Analytics Software is leading a change in Human Management\u00a0"},"content":{"rendered":"\n\n\n<p>From the article \u201c<a href=\"http:\/\/ple-analytics-software.aspx\">People Analytics Software is Changing the HR Game<\/a>,\u201d by Dave Zielinski written in Dec. 4, 2019, People Analytics is presented to not only be a helpful tool, but also be a fresh market great for starting a business. First, there is a growing need in the marketplace of implementing technology in HR. Second, the impact of AI and Machine Learning is driving reasonable solutions and has been adapted by some top firms. Third, the dimensions that need to be considered in such a startup on HR tech inventions are also clearly solvable.\u00a0<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"469\" src=\"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/cq5dam.web_.1440.660-1024x469.jpeg\" alt=\"\" class=\"wp-image-862\" srcset=\"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/cq5dam.web_.1440.660-1024x469.jpeg 1024w, https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/cq5dam.web_.1440.660-300x138.jpeg 300w, https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/cq5dam.web_.1440.660-768x352.jpeg 768w, https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/cq5dam.web_.1440.660-600x275.jpeg 600w, https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/cq5dam.web_.1440.660.jpeg 1440w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">There is a need.<\/h2>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>&#8220;Now, more often CEOs want to know that they have the right people with the right skills in the right jobs to execute on their strategy. There&#8217;s a growing focus on talent quality, not just talent costs.\u201d<\/p><cite>Ian Cook, vice president of people solutions at Visier, an analytics provider in Vancouver, British Columbia, Canada.&nbsp;<\/cite><\/blockquote><\/figure>\n\n\n\n<p>Nowadays, companies are starting to put more emphasis on the overall employee culture. They are willing to spend more money on people analytics which could drive some improvements on the core values. Data-wise, according to Deloitte\u2019s recent study of people analytics technology market, \u201cthe most mature organizations\u2014those furthest along in their analytics journeys\u2014reported using an average of seven analytics tools, as compared with four tools in the lowest-maturity organizations.\u201d Growing from new to mature, the need for analytics tools becomes more and more important to a company. Thus, people analytics tools will always face a need from the large HR marketplace.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/jan17-26-503465634-1024x576.jpg\" alt=\"\" class=\"wp-image-856\" srcset=\"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/jan17-26-503465634-1024x576.jpg 1024w, https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/jan17-26-503465634-300x169.jpg 300w, https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/jan17-26-503465634-768x432.jpg 768w, https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/jan17-26-503465634-600x338.jpg 600w, https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/jan17-26-503465634.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">There is a changing technology.&nbsp;<\/h2>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>\u201cIts AI technology can identify the skills required for a specific role and automatically recommend learning content to employees that link back to those skills.\u201d<\/p><cite>Elvis Ha, director of product management for Santa Monica, Calif.-based vendor CornerstoneOnDemand.<\/cite><\/blockquote><\/figure>\n\n\n\n<p>People analytics software tools are not built on some vague theories or technology that are too fresh for customers to digest. Instead, they are built on the mature and evolving technology of AI and Machine Learning. For example, Workday, one of the top performer in People Analytics Software, starts with a story with accompanying metrics, charts, and key drivers. It let customers understand the \u201cwhy\u201d, and uses AI algorithms to improve that metric. CornerstoneOnDemand is an other example, that uses machine learning to help match employees with skills need. The clear methods and understandable logic makes the tools easily acceptable and more compelling overall.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"583\" src=\"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/data_scientist_brain_shutterstock_kmlmtz66-1024x583.jpg\" alt=\"\" class=\"wp-image-858\" srcset=\"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/data_scientist_brain_shutterstock_kmlmtz66-1024x583.jpg 1024w, https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/data_scientist_brain_shutterstock_kmlmtz66-300x171.jpg 300w, https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/data_scientist_brain_shutterstock_kmlmtz66-768x437.jpg 768w, https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/data_scientist_brain_shutterstock_kmlmtz66-1536x875.jpg 1536w, https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/data_scientist_brain_shutterstock_kmlmtz66-600x342.jpg 600w, https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/data_scientist_brain_shutterstock_kmlmtz66.jpg 1823w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">These should be considered. <\/h2>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>&#8220;Companies have to be more careful today about who is allowed to create, view and share reports containing people data&#8221;<\/p><cite>Kim Lessley, director of solution management for vendor SAP SuccessFactors in South San Francisco, Calif.<\/cite><\/blockquote><\/figure>\n\n\n\n<p>As a market that is still emerging, a lot should be considered in a People Analytics software company. First, data security and access issues should be taken care of to ensure a safe fundamental of a data-driven solution. While traditional solution is &#8220;taking sensitive workforce data out of HR systems and putting it into spreadsheets or data-visualization tools for analysis,&#8221; People Analytics softwares improve that situation by employing platforms that allow HR users to bring their external data into the vendor&#8217;s system and make it a data hub for HR reporting and analytics, rather than taking data out and exposing it to security risks. The data is encrypted and only accessible to individuals and teams authorized to access it. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The emerging technology in people analytics solves fundamental human management issues; brings efficiency, equity, and effectiveness to firms; and thrives as a rising market of innovative startups. <\/p>\n","protected":false},"author":19243,"featured_media":833,"comment_status":"open","ping_status":"closed","template":"","categories":[],"class_list":["post-830","hck-submission","type-hck-submission","status-publish","has-post-thumbnail","hentry"],"connected_submission_link":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/assignment\/lpa-2022-blog-assignment\/","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A rising market: People Analytics Software is leading a change in Human Management\u00a0 - Leading with People Analytics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A rising market: People Analytics Software is leading a change in Human Management\u00a0 - Leading with People Analytics\" \/>\n<meta property=\"og:description\" content=\"The emerging technology in people analytics solves fundamental human management issues; brings efficiency, equity, and effectiveness to firms; and thrives as a rising market of innovative startups.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Leading with People Analytics\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/People-analytics-AON083-Header.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1643\" \/>\n\t<meta property=\"og:image:height\" content=\"924\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/submission\\\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\\\/\",\"url\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/submission\\\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\\\/\",\"name\":\"A rising market: People Analytics Software is leading a change in Human Management\u00a0 - Leading with People Analytics\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/submission\\\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/submission\\\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/wp-content\\\/uploads\\\/sites\\\/30\\\/2022\\\/04\\\/People-analytics-AON083-Header.jpeg\",\"datePublished\":\"2022-04-19T01:43:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/submission\\\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/submission\\\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/submission\\\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\\\/#primaryimage\",\"url\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/wp-content\\\/uploads\\\/sites\\\/30\\\/2022\\\/04\\\/People-analytics-AON083-Header.jpeg\",\"contentUrl\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/wp-content\\\/uploads\\\/sites\\\/30\\\/2022\\\/04\\\/People-analytics-AON083-Header.jpeg\",\"width\":1643,\"height\":924},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/submission\\\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Submissions\",\"item\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/submission\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"A rising market: People Analytics Software is leading a change in Human Management\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/#website\",\"url\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/\",\"name\":\"Leading with People Analytics\",\"description\":\"MBA Student Perspectives\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/d3.harvard.edu\\\/platform-peopleanalytics\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A rising market: People Analytics Software is leading a change in Human Management\u00a0 - Leading with People Analytics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\/","og_locale":"en_US","og_type":"article","og_title":"A rising market: People Analytics Software is leading a change in Human Management\u00a0 - Leading with People Analytics","og_description":"The emerging technology in people analytics solves fundamental human management issues; brings efficiency, equity, and effectiveness to firms; and thrives as a rising market of innovative startups.","og_url":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\/","og_site_name":"Leading with People Analytics","og_image":[{"width":1643,"height":924,"url":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/People-analytics-AON083-Header.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\/","url":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\/","name":"A rising market: People Analytics Software is leading a change in Human Management\u00a0 - Leading with People Analytics","isPartOf":{"@id":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\/#primaryimage"},"image":{"@id":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\/#primaryimage"},"thumbnailUrl":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/People-analytics-AON083-Header.jpeg","datePublished":"2022-04-19T01:43:28+00:00","breadcrumb":{"@id":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\/#primaryimage","url":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/People-analytics-AON083-Header.jpeg","contentUrl":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-content\/uploads\/sites\/30\/2022\/04\/People-analytics-AON083-Header.jpeg","width":1643,"height":924},{"@type":"BreadcrumbList","@id":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/a-rising-market-people-analytics-software-is-leading-a-change-in-human-management\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/"},{"@type":"ListItem","position":2,"name":"Submissions","item":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/submission\/"},{"@type":"ListItem","position":3,"name":"A rising market: People Analytics Software is leading a change in Human Management\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/#website","url":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/","name":"Leading with People Analytics","description":"MBA Student Perspectives","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-json\/wp\/v2\/hck-submission\/830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-json\/wp\/v2\/hck-submission"}],"about":[{"href":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-json\/wp\/v2\/types\/hck-submission"}],"author":[{"embeddable":true,"href":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-json\/wp\/v2\/users\/19243"}],"replies":[{"embeddable":true,"href":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-json\/wp\/v2\/comments?post=830"}],"version-history":[{"count":7,"href":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-json\/wp\/v2\/hck-submission\/830\/revisions"}],"predecessor-version":[{"id":868,"href":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-json\/wp\/v2\/hck-submission\/830\/revisions\/868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-json\/wp\/v2\/media\/833"}],"wp:attachment":[{"href":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-json\/wp\/v2\/media?parent=830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/d3.harvard.edu\/platform-peopleanalytics\/wp-json\/wp\/v2\/categories?post=830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}