Disruptive Algorithms Will Create New Monopolies

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Disruptive Algorithms — A new economy is upon us!

Times Magazine wrote an interesting article “recently” on how technology — with its disruptive algorithms, is killing the traditional brick and mortar industry. Here’s how it looked:

“Near the corner of Main and Walnut streets in the small town of Maynard, Mass., stands a massive complex of aged red-brick buildings. Within those walls, workers toiled amid clanging, churning machinery to produce carpets in the 1850s and Army blankets during two World Wars.

But today the sturdy, old facade houses an entirely different enterprise. The noisy machines and grease-stained factory floor have given way to offices where engineers huddle over glowing oscilloscopes ….”

That metamorphosis is symbolic of a sweeping transformation that is creating a New Economy. It is a two-tiered economy marked by swift change and stark contrasts. While traditional smokestack industries are reeling from foreign competition, surging high-technology companies are leading the world in innovation... Click To Tweet

Yes — if you’ve been in the technology industry — you guessed it right by now: this was written 33 years ago, in 1983!

Disruptive algorithms for everyone!

Last year I was interviewed by a journalist about monopolies and how disruptive algorithms will eventually break away to create a new economy.

I explained about how today’s startups are creating breakthrough disruptive algorithms and creating absolutely new ways to dethrone the incumbents. They would eventually escape the realm of existing monopolies and create a new world of their own. (You can read the excerpt here.)

Recently, I was reading an interesting story about a firm that was founded by two geeks; they wanted to make as many disruptive algorithms available to the world. They wanted to empower developers to be able to use their algorithms within their own apps with less than 10 lines of code! Can you imagine?

I remember talking to Windows developers some 15 years ago and they boasted of a few hundred thousand lines of code and how each line was worth 2.4M last fall.”]

An algorithm — for those who are new to this terminology is, actually nothing more than an instance of logic written in software (code) to be effective to intended target computers to produce output from given input. For instance : A simple code – well not actually simple since a lot of research goes into it until it becomes commoditized and ends up in nifty code, with a sample input of a picture could give you a sample output of nudity. Take a look, you can play with this example on their site.