Our guest is Cathy O'Neil, author of Weapons of Math Destruction: how big data increases inequality and threatens democracy.
Cathy joined us to discuss critical aspects for auditors to consider, including:
- The human element: why understanding 'for whom an algorithm might fail' is more important than the detailed technical design of an algorithm.
- Algorithm testing: the importance of post-deployment testing to ensure there are no unintended adverse outcomes.
- Setting standards: the need for industry-wide standards so that regulators can ensure there is no bias or discrimination in how algorithms operate.
- Laggers and leaders: the four big industries/domains using algorithms that need to step up audit in their space and how law-makers and regulators are catching up.
- Emerging AI, e.g. language models/chatbots - why trust by users is key, and the pros and cons of using these models.
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About this podcast
The podcast for performance auditors and internal auditors that use (or want to use) data.
Hosted by Conor McGarrity and Yusuf Moolla.
Produced by Risk Insights (riskinsights.com.au).
