January 25, 2015

WINNING THE WAR ON WAGES:

The algorithmic CEO : Get ready for the most sweeping business change since the Industrial Revolution.  (Ram Charan  JANUARY 22, 2015, Fortune)

The single greatest instrument of change in today's business world, and the one that is creating major uncertainties for an ever-growing universe of companies, is the advancement of mathematical algorithms and their related sophisticated software. Never before has so much artificial mental power been available to so many--power to deconstruct and predict patterns and changes in everything from consumer behavior to the maintenance requirements and operating lifetimes of industrial machinery. In combination with other technological factors--including broadband mobility, sensors, and vastly increased data-crunching capacity--algorithms are dramatically changing both the structure of the global economy and the nature of business.

Though still in its infancy, the use of algorithms has already become an engine of creative destruction in the business world, fracturing time-tested business models and implementing dazzling new ones. 

Posted by at January 25, 2015 7:50 AM
  

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