BCBusiness

May 2024 – Women of the Year

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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18 Illu s t r a t i o n : i S t o c k / D rA f t e r 12 3 B C B U S I N E S S . C A M AY 2 0 24 Anyone who has seen or read Moneyball has witnessed how data and analytics have transformed the science of winning in sports. This was further evident in the most recent NFL season. In the past, fourth down and short yardage remaining resulted in teams punting the football away to the other team. In the 2023/24 season, this same circumstance often resulted in teams going for a first down instead. The reason for this fundamental change in football is that analytics have informed coaches that going for it has led to winning more often than punting the ball away. In business, data and analytics have for many years helped leaders optimize their cost structure, marketing approaches and customer un derstanding. However, when it comes to a company's work force, data and analytics have been woefully inadequate. Luckily, this shortcoming is be ginning to be addressed thanks to innovations being achieved through AI and analytics. WORKFORCE ANALYTICS BEFORE THE NEW MILLENNIUM When I first entered the management ranks, the only workforce analytics available to us were surveybased. En WINNING WITH DATA Analytics are popular in sports these days. How can they be used to improve your organization? I N T O T H E F U T U R E gagement surveys, as they are often called, were conducted once or twice a year to illumi nate a team's views on matters ranging from their commit ment to the company to how satisfied they were with their compensation. While this was useful data, it was limited in its depth, frequency and how actionable it was. SECOND-GENERATION WORKFORCE ANALYTICS— 2000 THROUGH 2020 The next 20 years saw the advent of software systems that provided new levels of workforce intelligence. These included performance man agement systems that tracked the ability of teams to deliver against key performance in dicators, skills inventory and upgrading systems, and sales funnel platforms that enabled you to track the progress of your sales team in hitting their by Josh Blair Josh Blair is a B.C.-based executive who currently serves as the co-founder and CEO of Impro.AI and the vice-chair of Telus International.

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