In 1714, the British government offered a cash prize to anyone who could devise a practical method of determining longitude at sea. In more recent times, open innovation contests have tackled challenges ranging from the silly (Frito-Lay’s Crash the Super Bowl campaigns invited consumers to shoot a funny Doritos commercial)
Today’s HR teams potentially have access to huge amounts of data, and this can bring great rewards for those who use that data intelligently. But, data also brings its own unique challenges. Therefore, before implementing any data-driven HR approach, it’s important to consider the potential pitfalls that surround employee-related data, particularly when it comes to their personal data.
By design, AI and ML mimic aspects of human-like cognition and decision-making, using algorithms and training data to “learn” and develop answers and solutions independently rather than operating according to set programing.