You are here

The Pros and Cons of Algorithms

A computer screen displaying a complex code

Digested from PewResearch Center

The use of algorithms is spreading as massive amounts of data are being created, captured and analyzed by businesses and others. Some are calling this the Age of Algorithms and predicting that the future of algorithms is tied to machine learning and deep learning that will get better and better at an ever-faster pace.

Pew Research recently reported on the phenomenon in a deep survey-based report issued in February covering all aspects of algorithms. The report produced provocative comments and opinions. Among them:

  • “Algorithms have the potential to equalize access to information.”
  • “The efficiencies of algorithms will lead to more creativity and self-expression.”
  • “Better-targeted delivery of news, services and advertising.”
  • “What we see already today is that, in practice, stuff like ‘differential pricing’ does not help the consumer; it helps the company that is selling things, etc.”
  • "The core problem with algorithmic-based decision-making is the lack of accountability. Machines have literally become black boxes – even the developers and operators do not fully understand how outputs are produced.”

Read More