Algorithms to bring greater disruption

Algorithmic business will create even greater levels of disruption and new industries as digital disruptors such as algorithms, artificial intelligence (AI), bots and chatbots are already transforming businesses, according to Gartner. “Fueled by data, analytics and AI, algorithmic business will continue to grow and disrupt your business,” said Steve Prentice, VP and Gartner Fellow. “This growth is unabated as algorithms are feasting on the wealth of data that grows inexorably.” Prentice noted that more than 500,000 new devices connect to the internet every hour, and every one of them simply adds to the inevitable growth of data. Prentice also observed three trends in how digital disruptors are transforming the business landscape. First, algorithms are taking center stage in the race for competitive differentiation as leading organizations uncover their true value.…

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