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Algorithmic Management: Algorithms That Can Manage People

By Dick Weisinger

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,

Blockchain: Unexpectedly Quick Adoption by Banking and Finance

By Dick Weisinger

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

Rogue Algorithms: How to Lose Half a $Billion in an Hour

By Dick Weisinger

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

Prescriptive Analytics: Algorithms that can Recommend the Best Course of Action

By Dick Weisinger

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.

Algorithmic Economy: Forget Big Data. Algorithms Trump Data Any Day

By Dick Weisinger

Businesses in all industries are increasingly turning to high tech for innovation and as the fuel for achieving high growth.  Algorithms have become the secret recipe for today’s business successes.  Algorithms today are sophisticated and enable businesses to understand their