Top 10 Things CIOs and CDOs Need to Know About Algorithmic Business


Archived Published: 03 March 2016 ID: G00296970

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Summary

Algorithmic business is vital for growth in the digital economy, but working out what to do and how to do it remains difficult for IT, data and business leaders. Here, we provide a top 10 list of things that CIOs and chief data officers need to know to succeed.

Table of Contents

  • Analysis
    • Definition of Algorithmic Business
    • Ten Things That CIOs and CDOs Need to Know
      • 1. Algorithms Are Nothing New
      • 2. Algorithmic Business Is Different From Business Intelligence
      • 3. The Advantages of Algorithms Are Speed and Scale
      • 4. The Accelerating Rate of Technological Change Is Driving the Emergence of Algorithmic Business
      • 5. Algorithmic Business Creates Both Opportunities and Threats for Employees
      • 6. Business Awareness of Algorithms Remains Inconsistent
      • 7. Algorithms Will Create New Areas of Competition
      • 8. Proprietary Algorithms Will Be the Secret Source
      • 9. Algorithms Can Either Mask or Expose Complexity
      • 10. Some Examples of Algorithmic Business
  • Gartner Recommended Reading
© 2016 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Reproduction and distribution of this publication in any form without prior written permission is forbidden. The information contained herein has been obtained from sources believed to be reliable. Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartners research may discuss legal issues related to the information technology business, Gartner does not provide legal advice or services and its research should not be construed or used as such. Gartner shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof. The opinions expressed herein are subject to change without notice.

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