Algorithms are the backbone behind technology that have helped establish some of the world’s most famous companies. Software giants like Google, beverage giants Coca Cola and many other organizations utilize proprietary algorithms to improve their services and enhance customer experience. Algorithms are an inseparable part of the technology behind organization as they help improve security, product or service recommendations, and increase sales.

Knowing the benefits of algorithms is useful, but you might also be interested to know what makes them so advantageous. As such, you’re probably asking: “What is an algorithm?” Here’s the most common algorithm definition: an algorithm is a set of procedures and rules a computer follows to solve a problem.

In addition to the meaning of the word “algorithm,” this article will also cover the key types and characteristics of algorithms, as well as their applications.

Types of Algorithms and Design Techniques

One of the main reasons people rely on algorithms is that they offer a principled and structured means to represent a problem on a computer.

Recursive Algorithms

Recursive algorithms are critical for solving many problems. The core idea behind recursive algorithms is to use functions that call themselves on smaller chunks of the problem.

Divide and Conquer Algorithms

Divide and conquer algorithms are similar to recursive algorithms. They divide a large problem into smaller units. Algorithms solve each smaller component before combining them to tackle the original, large problem.

Greedy Algorithms

A greedy algorithm looks for solutions based on benefits. More specifically, it resolves problems in sections by determining how many benefits it can extract by analyzing a certain section. The more benefits it has, the more likely it is to solve a problem, hence the term greedy.

Dynamic Programming Algorithms

Dynamic programming algorithms follow a similar approach to recursive and divide and conquer algorithms. First, they break down a complex problem into smaller pieces. Next, it solves each smaller piece once and saves the solution for later use instead of computing it.

Backtracking Algorithms

After dividing a problem, an algorithm may have trouble moving forward to find a solution. If that’s the case, a backtracking algorithm can return to parts of the problem it has already solved until it determines a way forward that can overcome the setback.

Brute Force Algorithms

Brute force algorithms try every possible solution until they determine the best one. Brute force algorithms are simpler, but the solution they find might not be as good or elegant as those found by the other types of algorithms.

Algorithm Analysis and Optimization

Digital transformation remains one of the biggest challenges for businesses in 2023. Algorithms can facilitate the transition through careful analysis and optimization.

Time Complexity

The time complexity of an algorithm refers to how long you need to execute a certain algorithm. A number of factors determine time complexity, but the algorithm’s input length is the most important consideration.

Space Complexity

Before you can run an algorithm, you need to make sure your device has enough memory. The amount of memory required for executing an algorithm is known as space complexity.

Trade-Offs

Solving a problem with an algorithm in C or any other programming language is about making compromises. In other words, the system often makes trade-offs between the time and space available.

For example, an algorithm can use less space, but this extends the time it takes to solve a problem. Alternatively, it can take up a lot of space to address an issue faster.

Optimization Techniques

Algorithms generally work great out of the box, but they sometimes fail to deliver the desired results. In these cases, you can implement a slew of optimization techniques to make them more effective.

Memorization

You generally use memorization if you wish to elevate the efficacy of a recursive algorithm. The technique rewrites algorithms and stores them in arrays. The main reason memorization is so powerful is that it eliminates the need to calculate results multiple times.

Parallelization

As the name suggests, parallelization is the ability of algorithms to perform operations simultaneously. This accelerates task completion and is normally utilized when you have a lot of memory on your device.

Heuristics

Heuristic algorithms (a.k.a. heuristics) are algorithms used to speed up problem-solving. They generally target non-deterministic polynomial-time (NP) problems.

Approximation Algorithms

Another way to solve a problem if you’re short on time is to incorporate an approximation algorithm. Rather than provide a 100% optimal solution and risk taking longer, you use this algorithm to get approximate solutions. From there, you can calculate how far away they are from the optimal solution.

Pruning

Algorithms sometimes analyze unnecessary data, slowing down your task completion. A great way to expedite the process is to utilize pruning. This compression method removes unwanted information by shrinking algorithm decision trees.

Algorithm Applications and Challenges

Thanks to this introduction to algorithm, you’ll no longer wonder: “What is an algorithm, and what are the different types?” Now it’s time to go through the most significant applications and challenges of algorithms.

Sorting Algorithms

Sorting algorithms arrange elements in a series to help solve complex issues faster. There are different types of sorting, including linear, insertion, and bubble sorting. They’re generally used for exploring databases and virtual search spaces.

Searching Algorithms

An algorithm in C or other programming languages can be used as a searching algorithm. They allow you to identify a small item in a large group of related elements.

Graph Algorithms

Graph algorithms are just as practical, if not more practical, than other types. Graphs consist of nodes and edges, where each edge connects two nodes.

There are numerous real-life applications of graph algorithms. For instance, you might have wondered how engineers solve problems regarding wireless networks or city traffic. The answer lies in using graph algorithms.

The same goes for social media sites, such as Facebook. Algorithms on such platforms contain nodes, which represent key information, like names and genders and edges that represent the relationships or dependencies between them.

Cryptography Algorithms

When creating an account on some websites, the platform can generate a random password for you. It’s usually stronger than custom-made codes, thanks to cryptography algorithms. They can scramble digital text and turn it into an unreadable string. Many organizations use this method to protect their data and prevent unauthorized access.

Machine Learning Algorithms

Over 70% of enterprises prioritize machine learning applications. To implement their ideas, they rely on machine learning algorithms. They’re particularly useful for financial institutions because they can predict future trends.

Famous Algorithm Challenges

Many organizations struggle to adopt algorithms, be it an algorithm in data structure or computer science. The reason being, algorithms present several challenges:

  • Opacity – You can’t take a closer look at the inside of an algorithm. Only the end result is visible, which is why it’s difficult to understand an algorithm.
  • Heterogeneity – Most algorithms are heterogeneous, behaving differently from one another. This makes them even more complex.
  • Dependency – Each algorithm comes with the abovementioned time and space restrictions.

Algorithm Ethics, Fairness, and Social Impact

When discussing critical characteristics of algorithms, it’s important to highlight the main concerns surrounding this technology.

Bias in Algorithms

Algorithms aren’t intrinsically biased unless the developer injects their personal biases into the design. If so, getting impartial results from an algorithm is highly unlikely.

Transparency and Explainability

Knowing only the consequences of algorithms prevents us from explaining them in detail. A transparent algorithm enables a user to view and understand its different operations. In contrast, explainability of an algorithm relates to its ability to provide reasons for the decisions it makes.

Privacy and Security

Some algorithms require end users to share private information. If cyber criminals hack the system, they can easily steal the data.

Algorithm Accessibility and Inclusivity

Limited explainability hinders access to algorithms. Likewise, it’s hard to include different viewpoints and characteristics in an algorithm, especially if it is biased.

Algorithm Trust and Confidence

No algorithm is omnipotent. Claiming otherwise makes it untrustworthy – the best way to prevent this is for the algorithm to state its limitations.

Algorithm Social Impact

Algorithms impact almost every area of life including politics, economic and healthcare decisions, marketing, transportation, social media and Internet, and society and culture in general.

Algorithm Sustainability and Environmental Impact

Contrary to popular belief, algorithms aren’t very sustainable. The extraction of materials to make computers that power algorithms is a major polluter.

Future of Algorithms

Algorithms are already advanced, but what does the future hold for this technology? Here are a few potential applications and types of future algorithms:

  • Quantum Algorithms – Quantum algorithms are expected to run on quantum computers to achieve unprecedented speeds and efficiency.
  • Artificial Intelligence and Machine Learning – AI and machine learning algorithms can help a computer develop human-like cognitive qualities via learning from its environment and experiences.
  • Algorithmic Fairness and Ethics – Considering the aforementioned challenges of algorithms, developers are expected to improve the technology. It may become more ethical with fewer privacy violations and accessibility issues.

Smart, Ethical Implementation Is the Difference-Maker

Understanding algorithms is crucial if you want to implement them correctly and ethically. They’re powerful, but can also have unpleasant consequences if you’re not careful during the development stage. Responsible use is paramount because it can improve many areas, including healthcare, economics, social media, and communication.

If you wish to learn more about algorithms, accredited courses might be your best option. AI and machine learning-based modules cover some of the most widely-used algorithms to help expand your knowledge about this topic.

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Metro: Is the AI bubble about to burst after Bank of England warns of dot-com crash repeat?
OPIT - Open Institute of Technology
OPIT - Open Institute of Technology
Oct 15, 2025 5 min read

Source:

  • Metro, published on October 09th, 2025

The Bank of England is ringing the bell over an ‘AI bubble’ that could burst at any moment – or maybe not, some experts told Metro.

By Josh Milton

After ChatGPT came on the scene in 2022, the tech industry quickly began comparing the arrival of AI to the dawn of the internet in the 1990s.

Back then, dot-com whizzes were minting easy millions only for the bubble to burst in 2000 when interest rates were hiked. Investors sold off their holdings, companies went bust and people lost their jobs.

Now central bank officials are worried that the AI industry may see a similar boom and bust.

record of the Financial Policy Committee’s October 2 meeting shows officials saying financial market evaluations of AI ‘appear stretched’.

‘This, when combined with increasing concentration within market indices, leaves equity markets particularly exposed should expectations around the impact of AI become less optimistic,’ they added.

AI-focused stocks are mainly in US markets but as so many investors across the world have bought into it, a fallout would be felt globally.

ChatGPT creator OpenAI, chip-maker Nvidia and cloud service firm Oracle are among the AI poster companies being priced big this year.

Earnings are ‘comparable to the peak of the dot-com bubble’, committee members said.

Factors like limited resources – think power-hungry data centres, utilities and software that companies are spending billions on – and the unpredictability of the world’s politics could lead to a drop in stock prices, called a ‘correction’.

In other words, the committee said, investors may be ignoring how risky AI technology is.

Metro spoke with nearly a dozen financial analysts, AI experts and stock researchers about whether AI will suffer a similar fate. There were mixed feelings.

‘Every bubble starts with a story people want to believe,’ says Dat Ngo, of the trading guide, Vetted Prop Firms.

‘In the late 90s, it was the internet. Today, it’s artificial intelligence. The parallels are hard to ignore: skyrocketing stock prices, endless hype and companies investing billions before fully proving their business models.

‘The Bank of England’s warning isn’t alarmist – it’s realistic. When too much capital chases the same dream, expectations outpace results and corrections follow.’

Dr Alessia Paccagnini, an associate Professor from the University College Dublin’s Michael Smurfit Graduate Business School, says that companies are spending £300billion annually on AI infrastructure, while shoppers are spending $12billion. That’s a big difference.

Tech firms listed in the US now represent 30% of New York’s stock index, S&P 500 Index, the highest proportion in 50 years.

‘As a worst-case scenario, if the bubble does burst, the immediate consequences would be severe – a sharp market correction could wipe trillions from stock valuations, hitting retirement accounts and pension funds hard,’ Dr Paccagnini adds.

‘In my opinion, we should be worried, but being prepared could help us avoid the worst outcomes.’

One reason a correction would be so bad is because of how tangled-up the AI world is, says George Sweeney, an investing expert at the personal finance website site Finder.

‘If it fails to meet the lofty expectations, we could see an almighty unravelling of the AI hype that spooks markets, leading to a serious correction,’ he says.

Despite scepticism, AI feels like it’s everywhere these days, from dog bowls and fridges to toothbrushes and bird feeders.

And it might continue that way for a while, even if not as enthusiastically as before, says Professor Filip Bialy, who specialises in computer science and AI ethics at the at Open Institute of Technology.

‘TAI hype – an overly optimistic view of the technological and economic potential of the current paradigm of AI – contributes to the growth of the bubble,’ he says.

‘However, the hype may end not with the burst of the bubble but rather with a more mature understanding of the technology.’

Some stock researchers worry that the AI boom could lose steam when the companies spending billions on the tech see profits dip.

The AI analytic company Qlik found that only one in 10 business say their AI initiatives are seeing sizeable returns.

Qlik’s chief strategy officer, James Fisher, says this doesn’t show that the hype for AI is bursting, ‘but how businesses look at AI is changing’.

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Everything You Need to Know to Join OPIT
OPIT - Open Institute of Technology
OPIT - Open Institute of Technology
Oct 13, 2025 6 min read

OPIT – Open Institute of Technology offers an innovative and exciting way to learn about technology. It offers a range of bachelor’s and master’s programs, plus a Foundation Year program for those taking the first steps towards higher education. Through its blend of instruction-based and independent learning, it empowers ambitious minds with the skills and knowledge needed to succeed.

This guide covers all you need to know to join OPIT and start your educational journey.

Introducing the Open Institute of Technology

Before we dig into the nitty-gritty of the OPIT application process, here’s a brief introduction to OPIT.

OPIT is a fully accredited Higher Education Institution under the European Qualification Framework (EQF) and the MFHEA Authority. It offers exclusively online education in English to an international community of students. With a winning team of top professors and a specific focus on computer science, it trains the technology leaders of tomorrow.

Some of the unique elements that characterize OPIT’s approach include:

  • No final exams. Instead, students undergo progressive assessments over time
  • A job-oriented, practical focus on the courses
  • 24/7 support, including AI assistance and student communities, so everyone feels supported
  • A strong network of company connections, unlocking doors for graduates

Reasons to Join OPIT

There are many reasons for ambitious students and aspiring tech professionals to study with OPIT.

Firstly, since all the study takes place online, it’s a very flexible and pleasant way to learn. Students don’t feel the usual pressures or suffer the same constraints they would at a physical college or university. They can attend from anywhere, including their own homes, and study at a pace that suits them.

OPIT is also a specialist in the technology field. It only offers courses focused on tech and computer science, with a team of professors and tutors who lead the way in these topics. This ensures that students get high-caliber learning opportunities in this specific sector.

Learning at OPIT is also hands-on and applicable to real-world situations, despite taking place online. Students are not just taught core skills and knowledge, but are also shown how to apply those skills and knowledge in their future careers.

In addition, OPIT strives to make technology education as accessible, inclusive, and affordable as possible. Entry requirements are relatively relaxed, fees are fair, and students from around the world are welcome here.

What You Need to Know About Joining OPIT

Now you know why it’s worth joining OPIT, let’s take a closer look at how to go about it. The following sections will cover how to apply to OPIT, entry requirements, and fees.

The OPIT Application Process

Unsurprisingly for an online-only institution, the application process for OPIT is all online, too. Users can submit the relevant documents and information on their computers from the comfort of their homes.

  1. Visit the official OPIT site and click the “Apply now” button to get started, filling out the relevant forms.
  2. Upload your supporting documents. These can include your CV, as well as certificates to prove your past educational accomplishments and level of English.
  3. Take part in an interview. This should last no more than 30 minutes. It’s a chance for you to talk about your ambitions and background, and to ask questions you might have about OPIT.

That’s it. Once you complete the above steps, you will be admitted to your chosen course and can start enjoying OPIT education once the first term begins. You’ll need to sign your admissions contract and pay the relevant fees, then begin classes.

Entry Requirements for OPIT Courses

OPIT offers a small curated collection of courses, each with its own requirements. You can consult the relevant pages on the official OPIT site to find out the exact details.

For the Foundation Program, for example, you simply need an MQF/EQF Level 3 or equivalent qualification. You also need to demonstrate a minimum B2 level of English comprehension.

For the BSc in Digital Business, applicants should have a higher secondary school leaving certificate, plus B2-level English comprehension. You can also support your application with a credit transfer from previous studies or relevant work experience.

Overall, the requirements are simple, and it’s most important for applicants to be ambitious and eager to build successful careers in the world of technology. Those who are driven and committed will get the best from OPIT’s instruction.

Fees and Flexible Payments at OPIT

As mentioned above, OPIT makes technological education accessible and affordable for all. Its tuition fees cover all relevant teaching materials, and there are no hidden costs or extras. The institute also offers flexible payment options for those with different budgets.

Again, exact fees vary depending on which course you want to take, so it’s important to consult the specific info for each one. You can pay in advance to enjoy 10% off the final cost, or refer a friend to also obtain a discount.

In addition to this, OPIT offers need-based and merit-based scholarships. Successful candidates can obtain discounts of up to 40% on bachelor’s and master’s tuition fees. This can substantially bring the term cost of each program down, making OPIT education even more accessible.

Credit Transfers and Experience

Those who are entering OPIT with pre-existing work experience or relevant academic achievements can benefit from the credit transfer program. This allows you to potentially skip certain modules or even entire semesters if you already have relevant experience in those fields.

OPIT is flexible and fair in terms of recognizing prior learning. So, as long as you can prove your credentials and experience, this could be a beneficial option for you. The easiest way to find out more and get started is to email the OPIT team directly.

Join OPIT Today

Overall, the process to join OPIT is designed to be as easy and stress-free as possible. Everything from the initial application forms to the interview and admission process is straightforward. Requirements and fees are flexible, so people in different situations and from different backgrounds can get the education they want. Reach out to OPIT today to take your first steps to tech success.

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