When we announced Cornerstone Insights in May, we shared a broad vision for our predictive analytics strategy – a suite of Insight dashboards that applies sophisticated data science to workforce data, enabling business leaders to answer burning questions about how to use data to better recruit, train and manage top talent.
Since then our product and development teams have been hard at work to bring to life our first set of Cornerstone Insights dashboards -- Compliance Control Insights, Compliance Guide Insights, and Predictive Succession Insights – which are truly one of a kind. The Compliance dashboards help companies prevent regulatory fines, potentially huge liability payouts, and loss of employee productivity resulting from failure to complete employee training in a timely fashion. Predictive Succession Insights helps organizations identify good internal candidates to efficiently fill open positions. This serves to drive engagement and retention of a company’s high performers and promote internal and upward mobility within the organization.
Now available, Compliance Control and Compliance Guide Insights dashboards take care of these issues by helping clients identify and prevent non-compliance activity well before it becomes a problem.
Knowing the Answer Before Getting the Question
Organizations no longer need to wait until the problem occurs to understand their compliance risk and can now take corrective actions proactively. Based on the models generated by our proprietary machine learning platform, the new dashboards will help clients understand and verify the major factors that drive non-compliance, who in the organization is at risk, simulate the effect of potential changes (both long term policy and individual changes), and ultimately take corrective actions within Cornerstone Learning.
Analyzing more than 30 signals related to Compliance training, our machine learning platform performs millions of computations as part of a multi-dimensional analysis to generate unique models for all organizational units and determines which factors are actually predictive of on-time completion of compliance training.
The signals are pulled from various parts of the application, analyzing:
- User profile data;
- Learning object properties;
- Training dependencies and purposes; and
- Behavioral data regarding how the user, his/her team, and the company have historically completed training.
Through our Insights Dashboards, our clients can access all of these signals, predictions, and analyses instantaneously and for the first time stay ahead of compliance issues.
Training Compliance Risk Impacts Many Industries
We’ve been receiving great feedback from the initial preview program on the value Cornerstone Insights is providing to companies that in some cases require entire teams dedicated to monitoring compliance. In highly-regulated industries such as healthcare and financial services, Cornerstone Insights offers an entire new approach to monitoring and addressing non-compliance before it becomes a risk and has a chance to impact the business. Controlling compliance risk is just one of many Insights we have planned in the coming future. We’ll be back with more updates as we continue to rollout Cornerstone Insights products to more of our clients.