A Guide to Realizing the Value of Big Data
LANCE A. BERGER
Lance A. Berger & Associates, Ltd.
Organizations collect, connect, analyze, use, and store large quantities of data pertinent to their business and employees. This gives them a foundation for integrating multiple data elements into a smaller set of cogent decision points. These decisions pertain to the design, implementation, and audit of the effectiveness of compensation strategies. Technology makes this process more accurate, easier, faster, and cheaper than ever before. This technological phenomenon has been titled big data.
To many compensation practitioners, big data remains ambiguous, confusing, and intimidating. However, successful practitioners will find a way to realize ...