Algorithms are used to make important decisions. Because of the scale and speed of algorithms, issues with bias, fairness and accuracy can be greatly amplified leading to losses, impact on the company’s reputation etc
Algorithms are used to make important decisions. Because of the scale and speed of algorithms, issues with bias, fairness and accuracy can be greatly amplified leading to losses, impact on the company’s reputation etc
To mitigate this risk, Yields.io offers algorithmic audit and certification services. One of our unique components is that we leverage our award winning platform Chiron for automated model risk management. The automation allows us to perform an exhaustive in-depth audit, that can moreover be repeated whenever new data becomes available. This type of monitoring capability is necessary since AI applications are being changed and re-trained at a high frequency.
A typical algorithmic audit consists of the following steps:
After the algorithmic audit, you have the opportunity to subscribe to our algorithm monitoring service to receive periodic updates on the performance of your models.