Algorithms are externally oriented ExO-Tools that shift your data analysis from being descriptive to being prescriptive.
Algorithms allow companies to process and make sense out of vast amounts of data. The impending explosion of data from billions of sensors that will soon be deployed makes algorithms a critical future component of every business.
Watch below 2 min. video by Salim Ismail giving an introduction to Algorithms
Key questions to ask yourself:
- Why are we developing algorithms?
- Which labor/activity/task can we automate?
- Which algorithm/systems/platforms are we going to use to process/leverage the information we have?
Algorithms is one out of 10 ExO-techniques that have already helped start-ups grow exponentially.
Thanks to www.exocanvas.com + The aspen Institute + The Gazelle Growth Institute