Big data has taken the business world by storm in recent years - to the point where the global market is forecasted to reach a whopping $103 billion by 2027, more than doubling its value in less than a decade. From healthcare to manufacturing to retail, almost every industry benefits from big data, and the world of HR is no different.
Big data is revolutionizing how HR teams discover and manage problems by providing insights into employee behavior and patterns, which is helping companies increase retention rates, engagement levels, and overall employee performance. But exactly what is big data? What are some of its applications in human resource analytics? Here's everything you need to know.