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What is Algorithmic Transformation

Economic Impact and Recovery Following a Global Health Crisis
These are small processes that transform a given value into another according to algorithm that is created by analysts.
Published in Chapter:
Beyond Pandemic: Accelerating Artificial Intelligence and Financial Analytics
Chabi Gupta (Christ University, India)
Copyright: © 2022 |Pages: 10
DOI: 10.4018/978-1-7998-6900-9.ch007
Abstract
As the COVID-19 pandemic continues to evolve even beyond a second wave, there is an urgent need for business organisations to rethink and reconfigure their strategies for long-term sustainability beyond the pandemic. Many organisations are already making changes in the way they run their businesses and the way they make decisions to emerge stronger. It can be observed that the pandemic has seriously affected the way business organisations are being operated. However, this research suggests during the discussion that what is required is a transformational change rather than a directed one for any business organisation. In the current scenario, AI is being seen as a key enabler for business organisations to be on the path to recovery. What the ‘modus operandi' beyond the pandemic will be is a relevant issue for businesses indicating further need of research in this area. Using financial analytics and AI in combination will bring in a transformational change that might be viewed as the ‘game changer' for businesses beyond the pandemic.
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