Jinfo: Algorithms - Humans Need Not Apply

Algorithms - Humans Need Not Apply
Jinfo Article

12th May 2014

Abstract

As the European Parliament approves proposals to regulate high frequency algorithmic trading, Tim Buckley Owen reviews other recent developments in software that employs big data analytics to trigger automated responses. The benefits of applications such as ensuring quality control in data scraped from the web or detecting potential credit card fraud may be obvious. But others - such as employing the Internet of Things to exploit fleeting "business moments" as sales opportunities - may not be quite so clear cut. Tim argues that the information profession ought to have a view on when things can safely be done algorithmically and when human intervention is required.

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