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The Age of the Algorithm Economy
In essence, we are currently living in the "algorithm economy," with people and businesses regularly consuming myriad algorithms every day.
And that's why Gartner is predicting that 75 percent of large and midsize organizations will be using advanced analytics and proprietary algorithms by 2020.7 Simply put: the powerful combination of digital economy technologies coupled with the current avalanche of data is the foundation of the next economic shift - the algorithm economy.
The algorithm economy has gained solid traction on many fronts.
Consider the following customer-facing examples of the algorithm economy in action:
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