While the concept of algorithm has been around for centuries, the same cannot be said about algocracy. The latter has recently gained notoriety thanks in part to the renaissance of Artificial Intelligence and Machine Learning (AI/ML) and is frequently used to describe the increased use of algorithms in decision-making and governance processes. Indeed, the so-called Singularity could be seen as an extreme and seemingly irreversible algocracy case where humans lose the capacity to control superintelligent machines and might even face extinction. Not sure that will ever happen though.
A more plausible scenario takes place when humans and human institutions blindly rely on algorithms to make critical decisions. This is happening today in many sectors – the quasi-dictatorship of algorithms. In