{"id":5680,"date":"2015-09-25T07:00:02","date_gmt":"2015-09-25T15:00:02","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=5680"},"modified":"2015-08-16T13:53:45","modified_gmt":"2015-08-16T21:53:45","slug":"big-data-and-the-algorithm-economy-disruption-built-on-data","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/big-data-and-the-algorithm-economy-disruption-built-on-data\/","title":{"rendered":"Big Data and the Algorithm Economy: Disruption Built on Data"},"content":{"rendered":"

Data and analytics are driving new innovation in businesses and IT. \u00a0Data insights are becoming a\u00a0catalyst for new processes and new businesses. \u00a0But it’s not only the data that’s important, it’s the algorithms that analyze the data that bring\u00a0value.<\/p>\n

Peter Sondergaard<\/a>,\u00a0senior vice president at Gartner, wrote<\/a>\u00a0“imagine a marketplace where billions of algorithms are available, each one representing a piece of software code that solves a problem or creates a new opportunity from the exponential growth in the internet of things… \u00a0As apps have revolutionized human to machine interaction, we\u2019ll see the algorithm economy power the next great leap in machine-to-machine evolution… \u00a0Products 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. For CEOs it\u2019s a call to focus now on their proprietary algorithms, not just their big data.”<\/p>\n

Vinay Nathan<\/a>,\u00a0CEO of\u00a0Altizon Systems, said that <\/a>“every company can re-imagine its products and offerings to embrace this revolution. Setting up IoT infrastructure with connected smart products is a vital step towards beginning this digital transformation. This may lead to new digital products that open up newer markets or help preserve positions in existing markets. \u00a0A new revolution has begun unfolding and enterprises that embrace it can leapfrog into the algorithm economy.”<\/p>\n

\"Digg<\/a><\/div>
\"Reddit<\/a><\/div>
\"Stumble<\/a><\/div>
\"Buzz<\/a><\/div>
\"Vote<\/a><\/div>
\"Share<\/a><\/div>
\"Bookmark<\/a><\/div>
\"Kick<\/a><\/div>
\"Shout<\/a><\/div>
\"Share<\/a><\/div>
\"Bookmark<\/a><\/div>
\"Post<\/a><\/div>
\"Google<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"

Data and analytics are driving new innovation in businesses and IT. \u00a0Data insights are becoming a\u00a0catalyst for new processes and new businesses. \u00a0But it’s not only the data that’s important, it’s the algorithms that analyze the data that bring\u00a0value. Peter…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,58],"tags":[],"class_list":["post-5680","post","type-post","status-publish","format-standard","hentry","category-big-data","category-data-analytics"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/5680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=5680"}],"version-history":[{"count":0,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/5680\/revisions"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=5680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=5680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=5680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}