This one tool will drive the next era in business

Advanced maths, algorithms and sophisticated modelling are the new tools for managers, directors and finance professionals. Now, business needs people who can use the tools. Algorithm [‘alguhridhuhm] noun: A formula for automatically solving a problem in a finite number of steps. ORIGIN: Derived from the name of the ninth-century Persian mathematician and scientist al-Khwarizmi. “There is a revolution going on in business,” says Ram Charan, former Harvard professor and author of seminal business books such as The Attacker’s Advantage, Execution and Boards That Deliver. “Never before has so much mental power been computerised and made available so broadly. Algorithms and their related sophisticated software, coupled with new tools capable of collecting and storing huge amounts of raw data, can predict patterns and changes in everything from consumer behaviour to the…

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