{"id":5505,"date":"2015-07-15T07:00:27","date_gmt":"2015-07-15T15:00:27","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=5505"},"modified":"2015-06-02T14:09:23","modified_gmt":"2015-06-02T22:09:23","slug":"technology-algorithm-driven-disruption-is-popping-up-everywhere","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/technology-algorithm-driven-disruption-is-popping-up-everywhere\/","title":{"rendered":"Technology: Algorithm-driven Disruption is Popping up Everywhere"},"content":{"rendered":"

Increasingly everything that we either do or that affects us is being driven by data. \u00a0What’s driving the growth for many new and existing businesses is a focus\u00a0on digital assets. \u00a0These businesses\u00a0make their money by triangulating data points, creating detailed composite profiles of their users, their likes and their dislikes. \u00a0Examples of these kind of businesses include Google, Facebook, Amazon and Netflix.<\/p>\n

And it’s not just limited to high tech. \u00a0In the Financial industry, Tom Loverro<\/a>, Vice President at Institutional Venture Partners,\u00a0said that<\/a> “algorithm-driven disruption is occurring everywhere from wealth management to lending and just about everywhere in between.”<\/p>\n

The economic value that can be generated by\u00a0gathering large masses of data and devising algorithms to analyze that data is being called the “Algorithm Economy<\/a>“.<\/p>\n

In the very near future,\u00a0Peter Sondergaard<\/a>, senior vice president at Gartner, said that<\/a> “products will be defined by the sophistication of their algorithms. Organizations will be valued based not just on their big data, but the algorithms that turn that data into actions and ultimately customer impact. The bottom line is that CEOs should focus now on their proprietary algorithms, not just their big data.”<\/p>\n

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Increasingly everything that we either do or that affects us is being driven by data. \u00a0What’s driving the growth for many new and existing businesses is a focus\u00a0on digital assets. \u00a0These businesses\u00a0make their money by triangulating data points, creating detailed…<\/span><\/p>\n

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