As the world has moved online, there has been an explosion of data stored globally.
One estimate was that there was a 60% increase in data stored last year. Experts estimate now we are storing a Zettabyte of data– a million times the contents of the world’s largest library or 250 billion full length movies. By 2030 we are estimated to need to store 35 times this amount. Everything from this written blog to the photo you’ve uploaded to facebook, to the card data you used to buy your lunch is now stored. However, what does this mean for the world of HR and careers. Well, we’re now on the brink to start using certain data to help people fulfil their potential to see correlations and trends. We can map the people who are succeeding in certain fields to model their successes. Do chess players make great management consultants? Do people who have an interest in film excel at managing people and does a maths A-level, when followed by reading French at university mean that you’ll have a great career in supply chain management? Whilst personal advice from careers consultants will always be needed, the potential for an improved quantitative and analytical approach to pointing people in the right direction and ensuring they achieve their potential will be one of the exciting developments in our space in the next few year. Watch this space.