In general, an algorithm determines which exact trading rules are used to solve problems. This is exactly how computer programs work: Using an algorithm (determined by humans), the program knows how data is to be processed in order to achieve the desired result.
Application-oriented research has practical relevance. This means that the research results or developments can subsequently be used in the industrial sector.
Many human thought processes can nowadays be digitally reproduced, these programs are called artificial intelligence (AI). Artificial intelligence is used to try to transfer human thinking, especially solving problems, to programs. Such programs function with the help of complex algorithms and large amounts of data and have already arrived in our everyday lives. One example of this is so-called chatbots which use automated chat systems to provide customers with fast service.