Algorithm Integrity Matters: for Financial Services leaders, to enhance fairness and accuracy in data processing
Insights for financial services leaders who want to enhance fairness and accuracy in their use of data, algorithms, and AI. Each episode explores existing and emerging challenges and solutions related to algorithmic integrity, including discussions on navigating independent audits. The goal of this podcast is to give leaders the knowledge they need to ensure their data practices benefit customers and other stakeholders, reducing the potential for harm and upholding industry standards.
Episodes
Spoken (by a human) version of this article.
Fairness in algorithmic systems is a multi-faceted, and developing, topic.
In episode 4, we explored ten key aspects to consider when scoping an algorithm integrity audit.
One aspect was fairness, with this in the description: "...The design ensures equitable treatment..."
This raises an important question. Shouldn't we aim for equal, rather than equitable treatment?...
Spoken (by a human) version of this article.
In Episode 1, we explored the challenges of placing undue reliance on audits.
One potential solution that we outlined is a clear scope, particularly regarding the audit objective.
In this episode, we focus on algorithm integrity as the broad audit objective.
While it’s easy to assert that an algorithm has integrity, confirming this assertion is a bit more complex.
To help simplify this, this ...
Spoken (by a human) version of this article.
AI and algorithm audits help ensure ethical and accurate data processing, preventing harm and disadvantage.
However, the guidelines are not yet mature, and quite disparate.
This can make the audit process confusing, and quite daunting - how do you wade through it all to find the information that you need, in deciding how to commission your audit?
Fortunately, there is a solution - ...
Spoken (by a human) version of this article.
The motivation(s) for commissioning an audit can determine how effective it will be.
Consider a personal health check-up:
- Sometimes we undergo medical check-ups because we don’t have a choice. We need to - for example for workplace requirements or for insurance.
- At other times, we choose to undergo such check-ups. We want to maintain optimal health and catch any potential issue...
Spoken (by a human) version of this article.
One common issue with audits is undue reliance.
Can you rely on the audit report to tell you what you need to know?
Could you be relying on it too much?
https://riskinsights.com.au/blog/reliable-audits
About this podcast
A podcast for Financial Services leaders, where we discuss fairness and accuracy in the use of data, algorithms, and AI.
Hosted by Yus...
A brief intro to the podcast.
If you have suggestions for topics you'd like me to cover, feel free to reach out to me via email. yusuf@riskinsights.com.au
About this podcast
A podcast for Financial Services leaders, where we discuss fairness and accuracy in the use of data, algorithms, and AI.
Hosted by Yusuf Moolla.
Produced by Risk Insights (riskinsights.com.au).
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