[durana]

This is already being done lots of places. And if you take the literal definition of the word algorithm, then all web API services are algorithms as a service. So I don't like the name, but the general idea of the post is interesting.

Thinking along these lines, something that I would find more useful would be a web service that makes a well defined managed infrastructure available to me to run my own jobs or algorithms on. For example a service I can use to submit my own map/reduce style jobs to and have it run on a big cluster of systems managed by someone else; Or a service that allows me to submit jobs to run on specialized hardware, like a cluster of systems packed with NVIDIA CUDA cards. Providers of these services could also have a library of pre-canned jobs for common tasks like text indexing, link extraction, parsing W3C logs into stats, etc. With a library like that then you've got what this post is describing and more.