Dawn of the Algorithm Economy

You don't have to be a Silicon Valley insider to grasp the central role technology plays in driving disruptive economics. The rise of the internet introduced the digital economy, which has leveraged cloud power and big data to transform pretty much every industry with systemic changes in the delivery of information. The current hubbub over artificial intelligence (AI), machine learning, and advanced analytics signifies the new big technological and business cultural disruptor: the algorithm economy. "Producing value" is a great summation of what drives the burgeoning algorithm economy Opportunity no longer lies in simply amassing piles of information in various places throughout the enterprise, but in automating what kind of action and what kind of insight can be derived from it all. This is the world of analytics, where algorithms define action to manifest value.