The amount of data in the world has increased exponentially. It is estimated that 90% of the world’s data has been created in the last two years. Every online interaction, every smartphone input, every consumer purchase – all contribute to datasets of unprecedented size, or “Big Data.”
Each year, the Society for Industrial and Organizational Psychology (SIOP) holds a conference where the latest trends and advancements in employment assessments are presented and discussed. In the panel: “Making Better Business Decisions: Risk and Reward in Big Data,” industrial-organizational (I-O) psychologists on the bleeding edge of assessment science discussed the implications of these massive new datasets for predicting job performance.
Author: Jon-Mark Sabel