Will Scully-Power

Algorithms in business
August 17, 2009, 5:57 am
Filed under: Algorithms | Tags: ,


ALGORITHMS sound scary, of interest only to dome-headed mathematicians.

In fact they have become the instruction manuals for a host of routine consumer transactions.

Browse for a book on Amazon.com and algorithms generate recommendations for other titles to buy. Buy a copy and they help a logistics firm to decide on the best delivery route.

Ring to check your order’s progress and more algorithms spring into action to determine the quickest connection to and through a call-centre.

From analysing credit-card transactions to deciding how to stack supermarket shelves, algorithms now underpin a large amount of everyday life.

More: http://www.economist.com/business/displaystory.cfm?story_id=9795140


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