Algorithms can save hundreds of millions of dollars for asset-intensive companies. Their CIOs will need to work on challenges and opportunities to lead the way in using algorithmic business for competitive advantage.
Impacts and Recommendations
- Algorithmic business will require CIOs to help with business differentiation through digital technology
- CIOs will need new tools to support differentiation as the enterprise embraces algorithmic business
- Algorithmic business will force CIOs to deepen relationships with engineering and operations
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