"The Goal is to turn data into information, and information into insights"
-Carly Fiorina (Ex-CEO HP)
An intriguing quote, isn't it? These words touch on one of the most important elements of data collection. Earlier, big data had become a buzzword; industry leaders had to recognize that value didn't lie uniquely in the quantity, but rather in the quality, insights, and analysis these numbers could provide.
The power of information has created many businesses. There are businesses that thrive on the use of algorithms. In this chapter, we will discuss the following topics:
An introduction to algorithmic business
The journey of analytics in algorithmic businesses
An illustration of algorithmic business
The implication for testing in an algorithmic business
The use of model-based testing in algorithmic businesses