Company's Algorithms Provide Insights Into Employee Productivity to Optimize Enterprise Performance
SEATTLE, WA--(Marketwired - Aug 27, 2014) - VoloMetrix, a leading people analytics software company that provides actionable insights to improve organizational productivity, today announced it has filed a patent for its groundbreaking technology that promotes organizational growth and efficiency by increasing visibility to employees' time use and relationships inside and outside the company. VoloMetrix's innovative technology enables unprecedented understanding of the daily activities of an organization to diagnose inefficiencies and align teams around top business priorities, resulting in organizational productivity improvements of 10 to 20 percent and reducing operating costs by millions of dollars.
In response to the pending patent, CEO Ryan Fuller said, "Prior to this technology, managers could quantify results but not the actions that drove those results. VoloMetrix's technology gives companies access to the most powerful data they own -- their time -- to objectively evaluate the connection between employee activities and performance. This is poised to revolutionize how we structure organizations, improve coordination, and promote employee engagement."
VoloMetrix's technology, developed by leading data scientists and experienced leaders in business strategy, gathers metadata from anonymous email, calendar, social platforms, and client-specified datasets in real-time to paint a nuanced picture of organizational behavior and communication trends. VoloMetrix's algorithms use these data inputs to identify the optimal employee and team alignments for organizational health. These insights are delivered via easy-to-use interactive dashboards, which enable executives, managers and individuals to clearly diagnose and resolve company-wide issues, specific team challenges, and even individual behaviors.
Key organizational metrics calculated through VoloMetrix's technology include:
Improving Employee Performance
This solution can also be delivered to the individual level, allowing employees visibility into their own activities relative to peers, providing feedback loops to enable behavioral change, and promoting productivity through performance dashboards and incentive programs. For example, the dashboard may indicate to an employee, "The highest performers at your level spend 20% less time than you do in very large meetings. You have steadily improved in this area and are 4 hours per week away from reaching your goal." These actionable insights empower individual employees to make strategic decisions with their time to optimize performance. They also help leaders anonymously recognize and reward strong behaviors in an organization.
Previously, attempts to understand workplace productivity were limited to the survey/ interview approach of manually gathering data, which is labor intensive and reliant on low-quality self-reported data that represents a snapshot in time. VoloMetrix's technology is cost-effective and provides a continuous stream of high quality objective data that provide actionable insights. These insights will be particularly useful to managers and executives in medium to large organizations who need increased visibility into the everyday productivity of teams to manage effectively.
VoloMetrix's technology revolutionizes management by quantifying inefficient allocation of resources, ineffective collaboration, and top performers. VoloMetrix has already been deployed at several Global 1000 companies, helping them diagnose inefficiencies and align their most valuable assets -- their people -- with the most important business priorities.
About VoloMetrix:
VoloMetrix is a people analytics technology company that uses big data to optimize organizational performance, providing executives visibility into the daily activities and relationships that propel business forward. VoloMetrix's technology helps improve companies' organizational alignment, drive sales, and promote employee engagement. Working with Fortune 100 companies, VoloMetrix extracts and analyzes anonymous aggregated collaboration data to reveal unprecedented insights into how employee behaviors drive business outcomes. For more information, please visit: www.volometrix.com.
Contact Information:
Media Contact
Richard L. Tso
Communiqué PR for VoloMetrix
206.282.4923x117