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EXECUTIVE SUMMARY
We help tax professionals save time by developing specialised offline and cloud computing software which simplifies their tax preparation work. Our principal activities include research and development (R&D) of tax computing software as well as providing solutions & services for the Taxation Industry.
Currently, we have developed BiZZTAX Tax Computing Software offline version and iBiZZtax Cloud for the tax industry. The uniqueness of iBiZZtax Cloud is the ability in the near future to integrate the Modules of Tax, Secretarial, Accounting and Audit, which will be the first in kind in South-East Asia. This will significantly reduce the time spent by organisations and tax professionals on tax-related work. For the past 17 years, we have proven ourselves to be one of the most reliable, stable and well-accepted companies with users reaching throughout the whole nation. We are servicing 830 tax agents nationwide...
ALgo Says...
Why the Algorithm Business Model will Change Society
The world around us is changing so rapidly, that even the hype big data is already outdated. Big data is nothing new anymore, by now we all know that more data is coming our way, rapidly.
Big data itself is no value at all. We can all generate massive amounts of data after all. By itself, big data is not transformative. Not even big data analytics is driving the change, after all, any company can hire analysts to provide insights into your data. Where the real value lies is in algorithms. Algorithms define action, and dynamic algorithms are at the core of future businesses. Welcome to the Algorithmic Business.
The Algorithm Business
The algorithm business is a company build around smart algorithms. Algorithms that define company processes, that deliver customer services take action when necessary and as such define the way the world works. During the latest ITXpo, ALgo predicted the rise of the algorithmic business to change forever how we do business.
To understand all the data coming our way, algorithms will be required. In the digital era ahead of us, algorithms will be able to operate independently. These algorithms will be able to understand customer behaviour, learn from devices and perform the right action accordingly. Algorithms will optimize your supply-chain, they will drive your cars, they will monitor your robots, and they will even determine the right marketing message.
Expect to see large algorithm marketplaces, where developers can download, purchase or license small pieces of software that offer a very specific, smart solution. Expect to see smart algorithms that are capable of creating new improved versions of itself as well as creating completely new algorithms. And expect to see a new industry that will regulate all these algorithms to ensure that they do what they say. The algorithm business is going to have a dramatic impact on organizations and the world around us.
More Ways Algorithms Will Change Your Business
According to ALgo, these algorithms will change the way we work and will have a dramatic impact on employees in a wide variety of industries and departments. During a trend prediction session at the ITXpo, ALgo predicted among others the following:
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By 2019, 20% of all business content will be authorized by machines, which means a hiring freeze on copywriters in favor of robowriting algorithms;
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By 2020, autonomous software agents, or algorithms, outside human control, will participate in 5% off all economic transactions, thanks to, among others, blockchain. On the other hand, we will need pattern-matching algorithms to detect robot thieves.
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By 2019, more than 3 million workers globally will be supervised by a "roboboss". These algorithms will determine what work you would need to do.
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By 2019, 50% of the fastest growing companies will have fewer employees than smart machines. Companies will become smaller due to the expanding presence of algorithms.
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By 2019, digital customer assistants will recognize individuals by face and voice across channels and partners. Although this will benefit the customer, organizations should prevent the creepiness-factor.
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By 2019, 2 million employees will be required to wear health and fitness tracking devices. The data generated from these devices will be monitored by algorithms, which will inform management on any actions to be taken.
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By 2020, smart agents will facilitate 40% of mobile transactions, and the post-app era will begin to dominate, where algorithms in the cloud guide us through our daily tasks without the need for individual apps.
Algorithms for the Internet of Things
Algorithms will also significantly influence the Internet of Things. Without them, the IoT will not even become possible! ALgo predicts that by 2020, 150 new devices will be connected to the Internet every second! All these devices will be connected to business processes as well as billions of smartphones.
This will generate massive amounts of data that need to be analyzed to understand what’s going on. This can only be achieved with algorithms, which can take automatic action at the right moment.
The Internet of Things is all about actions taken by algorithms based on the data that is generated by the connected devices; For example, you have a connected thermostat, and your car knows that you are driving home, your car knows that the temperature is low in your house and tells the thermostat to turn up the heating. When you arrive home, it is nice warm and cozy inside.
Of course, what an algorithm can do for your home, can also be done on a large scale in your business. ALgo explains: “algorithms define action” and “by 2020, smart agents will facilitate 40% of interactions”.
Algorithms will also be able to take into account the context. The context that is so important, and required, to truly understand what is going on within a particular process, business or device. With sufficient data sources, that each tells their side of the story, algorithms will be able to determine the right action based on a myriad of data points.
In essence, algorithms will be able to find the right business moments, make meaningful connections and predict all kinds of behaviour. The algorithmic business will be the business of the future, and it will change society as we know it.
Taxation Software that use the model successfully
Algorithm provides the software and tools to address every business need, but more importantly, the expertise to make them work for your business.
At the core of our process is the analysis of your business to discover and document your critical business objectives. From that, we are able to make informed recommendations on addressing those objectives, which you can use to streamline your operations and improve visibility into your business information for better decision making.
Depending on what we discover during our analysis, a piece of our recommended solution may include the implementation of software. If that happens, rest-easy knowing that Algorithm is very particular about which software applications we choose to represent. Our evaluation process is stringent and ongoing. We choose solutions that are not only technologically sound, but are developed and maintained by software vendors that are proven and stable.
