Gartner’s new special report explores the steady emergence of algorithms into the limelight, the associated best practices in their usage, the new opportunities they expose and the challenges they pose for business and IT leaders. Cloud computing and an explosion of big data are driving a new look at algorithms as drivers of business value.
What You Need To Know:
- Algorithmic Business is “the industrialized use of complex mathematical algorithms pivotal to driving improved business decisions or process automation for competitive differentiation”.
- Algorithms are a mechanism to capture knowledge and insight in a packaged form that can be simply reused in a consistent fashion.
- Algorithms are not only providing the insight, but have become pivotal to competitive differentiation and are recognized for their value contribution.
Organizations around the world have all realized the value that their algorithms deliver and are steadily taking steps to expand their use.
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