What is algorithm economics?
'Algorithm Economy' is a term for the development of microservices and the functionality of algorithms to develop sophisticated application designs. The term is based on the algorithm's usefulness in machine learning, artificial intelligence, and other processes where software evolves beyond the limits of its original programming through the use of intelligent algorithm design.
In the algorithm economy, companies can buy, sell or trade individual algorithms or parts of an application. This decentralization of services is a more precise market than the market for full applications. Applications that can share functional algorithms lead to more flexibility for developers and more competition in the markets. Many attribute the term 'algorithm economy' to Gartner, a company that routinely looks at the current technology landscape to identify evolving trends and likely future advances. Algorithm economics is an example of a Gartner projection of how companies will work together on high-tech projects related to software development.
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