This PoV proposes a new industry metric, albeit somewhat more conceptually than in a quantitative manner at this stage. The suggested metric is a guidepost that could help organizations more realistically and accurately assess the potential impact of sophisticated HR technology that includes predictive capabilities.
Time to Predictive Value (“TtPV”) is the average length of time it takes for a typical organization to consistently experience the predictive capabilities within a technology tool or system, and therefore derive meaningful and incremental business benefits from that solution. Certainly the shorter the TtPV, the better.
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