Gartner Research

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

Published: 03 March 2016

ID: G00296970

Analyst(s): Alexander Linden , Alan D. Duncan , Stephen Prentice , Neil Chandler

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

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