Abstract: Look at your washing machine! It’s the dawn of the algorithmic revolution. You don’t care about temperature, number of rinces and spin speed. You just put your dirty clothes and it works! Our entire world will tomorrow run like your washing machine.
During the industrial revolution, we automatized manual work. We replaced craftsmen by assembly lines; and today, robots are helping or replacing humans in many factories. Algorithms are the robots of the information era. Accountants, lawyers, traders, doctors, salesmen, information workers and even perhaps programmers will be helped, and perhaps later replaced by algorithms. After the Data Driven Economy, Internet of Things, and Industry 4.0 will generate more and more data. Connected objets will generate data, and algorithms will be the key to create value from these Geopbytes of data.
The future will not be management by data scientists, but by algorithms scientists, who will transform data into previsions and actions. How to transform your organization and these opportunities into dollars, that is the question. The Algorithmic Economy will bring new business models. If you are managing a traditional company, you need to embrace this evolution. If you are a startup, you have great opportunities in front of you, if you know how the business works. Let’s talk together!
Bio: Philippe Nieuwbourg is an independent analyst and journalist, specialized in decision support systems and data analytics. He founded the web community Decideo, a French and Spanish speaking social network of 15,000 professionals. Decideo is the leading web community about big data and data analytics tools.
He is a lecturer in European, North and South American universities, and gives each year dozens of keynote speech during international conferences.
He published several books about Big Data, CRM, eMarketPlaces. His next book will highlight the combined potential of connected objects, data and algorithms, to create an Algorithmic Economy.
You can follow him on @nieuwbourg and www.nieuwbourg.com
Analyst, Author | Decido