The rapid advancements in the technology and communication have ushered in a digital age that is enabling businesses to revolutionize how they function, enhancing their product/ service to meet the needs of the customers, transform employee experiences and so on. One of the main enabling factors is the voluminous data that is allowing businesses to engage in analytics and derive deep, actionable insights.
Data in the digital era
Business and its every facet have changed in leaps and bounds over the past decade or so. Business success was earlier tied only to product/ service optimization in the context of large investments, long timeframes and higher risk associated with investments. Changes (whether to improve the product or the process) could not be made suddenly, not without heavy losses and higher risks. Data from the past history and otherwise was limited and was only used for future predictions.
HR is a field that has always generated large volumes of data. For instance, candidate profiles, recruitment data, career progression data, personal development and review data, appraisal data, employee engagement data, etc. With the rapid advent of technology, it is even possible to analyze and leverage data from social media profiles, emails and so on too (apart from the traditional means) to understand employee sentiment and gather other such insights.
The recently announced interim budget was a highly anticipated one. Riding on the wave of the upcoming election, it was touted to be a populist budget giving in to the wishes of the Indian electorate. Media channels and publications predicted that the interim finance minister Piyush Goyal would give a budget speech with the flavour of an election speech.
One of the many terms that have gained importance in the past few decades in the area of learning and development is Instructional Design. In the simplest of terms it means development of training material and experiences that enable a person to learn. The creation is not a simple process of developing content. There are principles that have to be applied to ensure that the material is impactful, relevant and applicable. The end goal of learning has to be met, but within a certain time-frame.
