The Algorithmic Leader – How to Be Smart When Machines Are Smarter Than You : [PDF Download]

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“The importance of data in fueling A I and machine learning creates a unique opportunity for traditional companies that already have a lot of it. If you are looking for your next big idea, chances are that the foundation for it may lie in your own data.

Large, established companies have spent years gathering data on their customers, customers’ interactions with suppliers and partners, and the performance of their own platforms and operating units. Of course, that data is rarely in a form easily parsed by algorithms, but simply having access to it is a powerful asset that new entrants to the market lack.

What large companies tend to lack, however, is the incentive to use their data trove in interesting ways. To paraphrase Andrew Ng, just because an aging shopping mall builds a new website it doesn’t mean it can become an e-commerce company ready to take on Amazon.”

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