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Editor's note
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New technologies come with a lot of hype: robots will take your job, you’ll soon be buying milk with Bitcoin, flying cars will pick your kids up from school. Underlying all these possible futures are algorithms, which have the potential to revolutionise business and our daily life.
But in many areas, algorithms are already doing so. Sports teams have been using algorithms for decades to manage players, marketers use algorithms to predict our behaviour and bankers use them to judge creditworthiness. This week in our series on algorithms at work, we took a look at these special formulas in action, and how they can function better and more ethically.
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Josh Nicholas
Deputy Editor Business & Economy
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Top story
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Computers may come to fill many of the roles of traditional bank staff.
reuters
Saurav Dutta, Curtin University
On balance, computers may make better judges of risk than people.
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Algorithms at work
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Marketers are using your data to make predictions about what you’ll want, when.
Shutterstock
Jason Pallant, Swinburne University of Technology
This is how marketers are taking advantage of customer data to build predictive algorithms, and even tailor their products and offerings.
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Sport algorithms aren’t working for business.
Shutterstock
Uri Gal, University of Sydney
There are good reasons why business has not been as successful as sports teams at implementing algorithmic decision-making.
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We need to build algorithms that act ethically.
BEST-BACKGROUNDS/Shutterstock
Lachlan McCalman, Data61
Creating an ethical machine learning system is no simple task, but maths can help.
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Will marking algorithms really reward good writing?
Terence/Shutterstock
Kai Riemer, University of Sydney
High grades might be awarded to papers that show the structural features of highly persuasive writing -- papers that follow the “persuasion script”, so to speak.
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Featured jobs
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University of New England — Armidale, New South Wales
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University of Melbourne — Parkville, Victoria
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La Trobe University — Bendigo, Victoria
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UNSW Sydney — Sydney, New South Wales
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Featured events
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Melbourne Business School, 200 Leicester St, Carlton, Melbourne, Victoria, 3053, Australia — Australia New Zealand School of Government
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445 Swanston St, Melbourne, Victoria, 3000, Australia — RMIT University
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RMIT University, 445 Swanston St, Melbourne, Victoria, 3000, Australia — RMIT University
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225 - 245 Plenty Road, Building 224, Bundoora, Victoria, 3083, Australia — RMIT University
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