Build, Buy or Blend – How to Initiate and Scale a People Analytics Program

 

As digital transformation continues to accelerate in the HR industry, it’s crucial to identify the quickest, easiest, and smartest ways to deliver people data, and analytics to automate repetitive tasks, make data-informed decisions and drive revenue for their business. Should you develop a custom solution using all your available resources? Or should you buy a suite of tools to quickly establish your own HR data platform? Building a solution in-house allows for complete customization but requires substantial time, resources, and expertise. Perhaps partnering with industry leaders in People Analytics to seamlessly integrate a customized analytics tool within your system is the best route. Or blending both approaches can provide a balanced solution but requires careful integration and management. Successfully navigating these options can lead to transformative insights, improved efficiency, and a competitive edge in managing human capital. Discover the approaches People Analytics leaders have taken that have shaped their pathway to People Analytics success.

Discussion points

  • Strategic Considerations: How to evaluate the pros and cons of building, buying, or blending people analytics solutions based on organizational needs and resources

  • Implementation Challenges: Key obstacles in implementing people analytics and practical solutions to overcome them, ensuring seamless integration and effective use

  • Impact on Decision-Making: The tangible benefits of a robust people analytics system on strategic HR decisions, workforce optimization, and overall business performance

  • Best Practices: Actionable insights and best practices from industry leaders on how to successfully implement and leverage people analytics to drive meaningful organizational change

Panelists

This panel is part of the 6th Annual Global People Analytics Summit 2024. It brought together 40+ world-class speakers across 7 different panels who shared actionable insights, practical takeaways and how they are using People Analytics to transform the Future of Work.

 

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