Presenter: Jacky Long
AI and ML have introduced new economic benefits to organizations, but with that comes additional responsibility. Organizations have traditionally monitored their modeling efforts based on accuracy, system performance and business value. Now it’s time to include checks and balances around fairness in modeling. As modeling has become fully integrated into operational processes, there is heightened awareness and increasing regulation around social responsibility. There is also a need to quantify the investment in modeling resources. The implementation of enhanced decisioning processes helps surface inequities and support organizational strategies and objectives. Success involves achieving a balance between profitability and social responsibility.
