Big data, workforce analytics and data intelligence are part of today’s conversation when it comes to time and attendance, payroll, HR and ERP. Organizations, both small and large need tools to run efficiently and a big factor in making that a reality is the company’s ability to gather relevant employee data. Business executives want to know if they are profitable and need access to up-to-the-minute workforce management data.
Webopedia defines “Big Data in these terms:
“Big data is a buzzword, or catch-phrase, used to describe a massive volume of both structured and unstructured data that is so large that it’s difficult to process using traditional database and software techniques. In most enterprise scenarios the data is too big or it moves too fast or it exceeds current processing capacity.
While the term may seem to reference the volume of data, that isn’t always the case. The term big data, especially when used by vendors, may refer to the technology (which includes tools and processes) that an organization requires to handle the large amounts of data and storage facilities.
The term big data is believed to have originated with Web search companies who had to query very large distributed aggregations of loosely-structured data.”
Benefits of Time and Attendance and Big Data:
Best-Of-Breed Workforce Analytics-Sophisticated built-in workforce intelligence thus, enabling operational managers and employees alike to access real-time reporting data. With ready-to-access data at their fingertips, organizations can make factual decisions, and at the same time, increase productivity while streamlining payroll costs.
Payroll and Labour Costs Intelligence- Real-time visibility into workforce attendance so, that issues can be addressed on the spot. Labour cost intelligence provides alerts as a barometer against events as they occur so they can be addressed right away.
Workforce Management-ATS TimeWork provides visibility into business process management. The application is preconfigured with industry specific key performance indicators (KPIs) for your core time and attendance processes.
Big Data represents a large and growing opportunity for growing enterprises to improve their data capture and improve their workforce management capabilities.
ATS time and attendance Big Data Workforce Analytics are purpose built and industry specific. The application manages everything from employee time capture, job costing and data integration all designed to enhance performance metrics on a single platform.