Intro to Algorithms and Big Data

In this episode tech entrepreneur and Chicago Booth MBA Sophia Matveeva covers what algorithms are, how they are made and when rubbish data creates rubbish algorithms. Hear how Amazon’s recruiting algorithm experiment went horribly wrong.

Don't let the term algorithm scare you. It's just another word for a set of rules.

Key learning points:

  • Algorithms are just sets of rules for computers to follow
  • Algorithms need data to be useful
  • Data is by definition historic because it is information on what has already happened
  • A combination of AI and algorithms can create better user experiences, which can result in more usage, which then results in even more data and happy customers
  • Algorithms amplify the data. If there are biases in the data, they will grow as a result of the algorithm. Rubbish data = rubbish algorithms = useless product

 

 

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Listen here on Spotify

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