12 Algorithms Every Data Scientist Should Know

Algorithms have become part of our daily lives and they can be found in almost any aspect of the business. Gartner calls this the algorithmic business and it is changing the way we (should) run and manage our organizations. There are all kinds of algorithms and for each aspect of your business, there are different algorithms, which nowadays you can even buy at an algorithm marketplace. Algoritmia provides developers with over 800 algorithms in the fields of audio and visual processing, machine learning and computer vision, saving developers precious time and money.

However, the algorithms available on the Algoritmia marketplace might not be suitable for your particular need. After all, for different circumstances, you require different algorithms and the same algorithm in a different environment can produce different results. In fact, there are many different variables that determine which algorithm to be used and how the algorithm will perform. These variables include the type and volume of the data, the industry the algorithm will be applied to, the application it will be used for etc.

Therefore, sometimes buying an off-the-shelve algorithm and then tweaking it might not be the best option. Data scientists should still educate themselves in the most important algorithms; how are the algorithms developed and for what purpose can you use which algorithm? The guys from Think Big Data developed an infographic showing the 12 most important algorithms, segregated by their application intent, that should still be in the repertoire of every big data scientist:

12 algorithms every data scientist should know
Dr Mark van Rijmenam
Dr Mark van Rijmenam

Dr Mark van Rijmenam is The Digital Speaker. He is a future tech strategist who thinks about how technology changes organisations, society and the metaverse. Dr Mark van Rijmenam is an international keynote speaker, 4x author and entrepreneur. He is the founder of Datafloq and the author of the book on the metaverse: Step into the Metaverse: How the Immersive Internet Will Unlock a Trillion-Dollar Social Economy detailing what the metaverse is and how organizations and consumers can benefit from the immersive internet.

He is the publisher of the ‘f(x) = e^x‘ newsletter, read by thousands of executives, on the future of work and the organization of tomorrow. The Digital Speaker has spoken in 20 countries across the globe and collectively inspired over 100.000 managers, directors and C-level executives.

Dr Mark van Rijmenam is The Digital Speaker. He is a future tech strategist who thinks about how emerging technologies change organizations, society and the metaverse. Van Rijmenam is an international keynote speaker, 4x author and entrepreneur.

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