An algorithm is a finite sequence of well-defined instructions for solving computational problems, and it consists of clear inputs, outputs, and steps that must terminate in a finite time. Algorithms play a critical role in computer science, mathematics, operations research, artificial intelligence, and data science by offering systematic solutions and optimizations for various tasks. Their analysis, including best, worst, and average-case scenarios using asymptotic notations, allows for the evaluation of their efficiency in terms of time and space complexity.