Gartner defines analytics and business intelligence platforms (ABI) as those that enable organizations to model, analyze and visualize data to support informed decision making and value creation. These platforms facilitate the preparation of data and the creation of interactive dashboards, reports and visualizations to uncover patterns, predict trends and optimize operations. By doing so, they empower users to collaborate and effectively communicate the dimensions and measures that drive their organization. The platforms may also optionally include the ability to create, modify or enrich a semantic model, including business rules. Analytics and business intelligence platforms integrate data from multiple sources, such as databases, spreadsheets, cloud services and external data feeds, to provide a unified view of data, breaking down silos and transforming raw data into meaningful insights. They also allow users to clean, transform and prepare data for analysis, in addition to creating data models that define relationships between different data entities.
People analytics, also referred to as 'HR analytics,' 'workforce analytics' is the analysis and interpretation of employee data that informs strategic decisions on workforce planning, talent acquisition, development, management and retention. Leveraging access to data and utilizing advanced analytical methods, people analytics gives organizations a deeper understanding of their employees and identifies areas for improvement in overall employee engagement, experience and productivity. People analytics covers all HR processes across the employee life cycle — from analytics relating to recruiting, talent management, diversity, employee experience and insights related to retention and attrition. Typical users of People Analytics include HR leaders, business executives, people managers, and data analysts. People analytics tools integrate data from multiple HR and business systems into a single source, offering real-time dashboards covering topics such as turnover and engagement, while also providing support for more in-depth analytical analysis utilizing advanced statistical methods and AI modeling.
Talent analytics tool helps in tracking the performance of HR processes and program investments in conjunction with business performance. Talent analytics tool provides HR professionals and business leaders with a more data-driven approach to managing talent and making informed data based decisions about workforce planning, talent acquisition, development, attrition, and retention. By leveraging data and advanced analytics techniques, organizations can gain a deeper understanding of their people metrics and identify areas for improvement, leading to increased efficiency, productivity, and overall business performance. Talent analytics tool offers data visualization in various forms of data representation for better insights and understanding. Advanced analytics help to predict future outcomes based on historical data and workforce planning helps organizations monitor the workforce and plan for future workforce needs through forecasting and scenario planning. Predominant users include HR managers, recruitment professionals, hiring managers, and Human Resource professionals.