ADP® DataCloud has been Named "Data Analytics Invention of the Year" in the 2021 Data Breakthrough Awards
ADP | March 25, 2021
ADP, an industry leader in data technology, was named a winner in the 2021 Data Breakthrough Awards for its innovative workforce analytics solution. The solution was named the Data Analytics Innovation of the Year by the independent market intelligence organization for its ability to harness data to address some of the most challenging problems businesses face today.
The Data Breakthrough Awards objective is to honor data technology innovators, pioneers, and visionaries from around the world in a variety of categories such as Data Analytics, Big Data, Business Intelligence, Data Storage, and more. This year, the competitive program received over 1,450 nominations from around the world.
"Businesses have traditionally struggled to identify trends within their people data, and ADP DataCloud represents a significant 'breakthrough' in this area that can result in significant savings and improved retention for organizations," said James Johnson, managing director, Data Breakthrough. "ADP DataCloud addresses some of the biggest challenges that businesses face today, including shifting economic policy, employee retention, and the pay equity gap. We are thrilled to award ADP DataCloud with our 'Data Analytics Innovation of the Year' award and we extend a hearty congratulations to the entire ADP team."
"This past year has demanded that businesses become more agile, as they adapted to the implications of the global pandemic and its impact on the economy and their people," said Jack Berkowitz, senior vice president of product development at ADP. "Businesses have the data they need to make informed decisions, but too often those insights are hidden beneath manual processes. ADP DataCloud uncovers those insights and embeds them directly within the flow of work to give businesses the transparency they need to thrive. From new features to target pay equity gaps and drive inclusion to predictive analytics-driven storyboards that analyze turnover rates, we're constantly raising our aim to give businesses the edge they need."
ADP DataCloud analyzes aggregated, anonymized, and timely HR and salary data from over 740,000 organizations across the country using AI, allowing businesses to benchmark and compare compensation data, turnover rate, and overtime. The approach provides actionable ideas to those who will operate on them by leveraging the scope and depth of "live" data in the broader market.
To assist in navigating the new world of work, the solution includes real-time insights pushed directly to leaders through the ADP Mobile Solutions app; story-driven suggestions on workforce patterns and trends; and Data Mashups, which allow businesses to pull financial and sales data directly through their HCM systems to reveal relationships.
ADP's primary emphasis is on providing better ways to work through cutting-edge products, premium services, and exceptional experiences that allow people to reach their full potential. Human Resources, Talent Management, Time Management, Benefits, and Payroll are Informed by data and the solutions are created with keeping people in mind.