One of the best ways to improve the power of your analytics is to include some totally new information. The use of new information can enable huge leaps in the effectiveness, predictive power, and accuracy of your analytics.
The Wall Street Journal recently wrote an article called, “Meet the New Boss: Big Data”. The article’s bottom line was that, increasingly, algorithms based on predictive analytics are deciding who should be hired for a job, and who should not. Humans need not review the resume – machines will handle the decision making.
The fact is that analytics used for hiring are a lot more human than the article described.
Today, in 2012, there are still only a handful of graduate and undergraduate programs focused on analytics. Some companies, like EMC, have found the talent shortage so severe that they have created their own programs to train and certify analysts. Given the high demand for these skills, why are universities so far behind?