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“Laws and regulations affecting algorithms and data will be key factors in determining how effectively each nation’s firms will be able to compete in the global algorithmic economy. In particular, the GDPR, the EU’s new privacy law, has diminished, and…
Algorithmic management is is a system where algorithms rather than humans decide how business operations should be performed. Charles Schwab and Uber are two companies that are already experimenting with the use of algorithmic decision making. Uber’s app, for example,…
Banks are taking blockchain, a digital public ledger not even ten years old, very seriously. 90 percent of US, UK and European banks are investigating the technology, according to research by Accenture. US banks have been especially active. JP Morgan, Wells…
Software run amuck — that’s what a rogue algorithm is. It’s software that has been programmed to perform exceptionally well under normal circumstances but which acts in unexpected ways under unusual conditions. Rogue algorithmic trading has been blamed for some…
Data is transforming the landscape of industries. Technology has enabled the collection processing of large amounts of data — big data. Algorithms and high-speed computers enable the processing of data to spot trends and to make predictions — predictive analytics.…