Creating Value with Human Capital with Mike Echols, Ph.D.

April 11, 2014
Hosted by Olivia Parr-Rud

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Episode Description

Did you know most Fortune 500™ companies spend 70% of their operating budgets on human capital? Why? To remain competitive in our high-tech, fast-paced, global economy, companies must embrace the latest technological advancements and the use of big data. This requires attracting and retaining a highly educated, technically skilled workforce - the type of workforce that can use technology to produce business intelligence and drive innovation. However, there are challenges. First is the need for a longer-term investment strategy and a reevaluation of the short-term demands of capital markets. Second, many organizations are unable to fill these positions because they require someone with a post-secondary education. And third, the impact of investing in human capital is rarely tracked, measured, or analyzed. Join us as we explore the challenges that companies face and what steps they can take to build value and gain a competitive advantage by investing in their human capital.

Quantum Business Insights with Olivia Parr-Rud

Quantum Business Insights with Olivia Parr-Rud

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In today’s fast-paced, high-tech, global economy, the business landscape is constantly changing. The confluence of big data, emerging technologies, and global connectivity puts unprecedented pressure on companies to become more innovative and agile. To maintain a competitive edge, companies must constantly adapt while continuing to identify and exploit new opportunities. Interestingly, new models are emerging from science and nature that offer a unique perspective – one that sees our global economy as a highly interconnected, continually evolving complex adaptive system. These models unveil powerful insights for optimizing our business strategies and processes. Each week on Quantum Business Insights, Olivia explores these concepts with thought leaders from around the globe. We look for ways to leverage their insights to ignite innovation, inspire our workforce, and create positive outcomes for our companies, our communities, and the planet.

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Olivia Parr-Rud

Olivia Parr-Rud

Olivia Parr-Rud is a renowned thought-leader, speaker, author, and consultant in the areas of business intelligence, innovative leadership, and organizational alignment. She is considered a pioneer in the integration of data science and holistic organizational practices that deliver success through the optimal blending of quantitative and qualitative methodologies and practices.

Her early research and innovative advancements in data mining and business intelligence led to the writing of her best-selling book, Data Mining Cookbook, Modeling for Acquisition, Risk and Customer Relationship Management (Wiley, 2001). Realizing the need for enhanced human competencies in fast-paced, high-tech organizations, she was inspired to conduct research in the areas the communication, collaboration, innovation, adaptability, and leadership. This led to the unveiling of links between the global economy, organizational dynamics and complexity science, highlighted in her second book, Business Intelligence Success Factors, Aligning for Success in a Global Economy (Wiley/SAS, 2009).

Olivia lectures and consults internationally in the areas of business intelligence, communication, innovation, and leadership. Her current research is focused on psychology, human capital, brain science, quantum physics, evolutionary biology, systems theory, and complexity science. She holds a BA in Mathematics and an MS in Statistics.

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