Meaning ● Algorithmic Governance in the SMB (Small and Medium-sized Business) context describes the structured policies and automated systems that guide the use of algorithms to enhance business growth, streamline operations, and support strategic implementations. This involves establishing frameworks for algorithm development, deployment, and monitoring to ensure alignment with business objectives and ethical standards within the SMB ecosystem. It helps smaller businesses to leverage automation while minimizing potential risks and biases. ● Effective governance helps to improve process efficiency, while maintaining accountability and transparency. By establishing clear protocols, SMBs can confidently use algorithmic tools to gain a competitive advantage.
