Algorithmic Accountability

Algorithmic Accountability

Algorithmic Accountability Jonathan Poland

Algorithmic accountability is the concept of holding algorithms and the organizations that use them accountable for the decisions they make and the actions they take. This can be applied to algorithms, automated business rules and artificial intelligence. This accountability is important because algorithms are increasingly being used to make important decisions that affect people’s lives, such as decisions about credit, employment, and criminal justice.

Algorithmic accountability involves several key components. First, it requires that algorithms and the data they use be transparent and open to scrutiny. This means that the algorithms must be able to be understood and audited by outside parties, and that the data they use must be accessible and free from bias. Second, it requires that there be clear standards and regulations governing the use of algorithms, so that they are used in a fair and ethical manner. Finally, it requires that there be mechanisms in place to hold algorithms and the organizations that use them accountable when they make mistakes or take actions that harm people.

Overall, algorithmic accountability is an important concept in the age of increasingly sophisticated algorithms and artificial intelligence. It is critical for ensuring that algorithms are used in a fair, transparent, and accountable manner.

Magic Technology

The principle that it isn’t acceptable for management of a firm to view their own technologies as magic — whereby they understand its results but not its methods. For example, a credit card company that uses an artificial intelligence to reduce credit losses without understanding what the technology is doing to achieve this end.

Governance

The principle that the directors and governance bodies of a firm are accountable for the technologies employed by the firm. In other words, humans are accountable for technology such that technology can’t be blamed for failures or noncompliance.

Transparency

The principle that the decisions and strategies created by a technology create a human readable audit trail that is communicated to stakeholders. For example, if a government algorithm denies a driver’s license to someone the reason for this denial would be communicated to the applicant in plain language.

Compliance

The principle that technology can’t be used as an excuse or route to avoid compliance to the law. For example, a mobile app for hailing taxis that is compliant with local regulations in the markets in which it operates.

Learn More
Do-It-Yourself Lobbying 150 150 Jonathan Poland

Do-It-Yourself Lobbying

Yes, it is possible to lobby the government without hiring a professional lobbyist. Lobbying, in its essence, involves advocating for…

First-mover Advantage Jonathan Poland

First-mover Advantage

First-mover advantage refers to the competitive advantage that a company can gain by being the first to enter a new…

Audience Analysis Jonathan Poland

Audience Analysis

Audience analysis is the process of studying and understanding the characteristics of a target audience. This is often done in…

Types of Fallacies Jonathan Poland

Types of Fallacies

A fallacy is an error in reasoning that can lead to an incorrect conclusion. Fallacies can be found in arguments,…

Direct Marketing Jonathan Poland

Direct Marketing

Direct marketing is a type of marketing that involves communicating directly with potential customers in order to generate a response…

Promotion Strategies Jonathan Poland

Promotion Strategies

Promotion strategies are communication techniques that aim to sell a product, service or cause. They include advertising, publicity, selling and…

Performance Feedback Jonathan Poland

Performance Feedback

Performance feedback is any type of communication that evaluates an employee’s work performance and provides them with guidance on how…

Working Style Jonathan Poland

Working Style

Working style refers to an individual’s preferred approach to performing their job and completing tasks. This can include factors such…

Product Cannibalization Jonathan Poland

Product Cannibalization

Product cannibalization refers to the situation in which the sales of one product within a company’s portfolio negatively impact the…

Content Database

Search over 1,000 posts on topics across
business, finance, and capital markets.

Administrative Skills Jonathan Poland

Administrative Skills

Administrative skills are abilities and personality traits that enable a person to be efficient and organized in a workplace setting.…

Promotion Strategies Jonathan Poland

Promotion Strategies

Promotion strategies are communication techniques that aim to sell a product, service or cause. They include advertising, publicity, selling and…

Division of Labor Jonathan Poland

Division of Labor

The process of dividing work into specific roles, tasks, and steps is known as division of labor. This allows individuals…

Project Stakeholder Jonathan Poland

Project Stakeholder

A stakeholder is anyone or any group that is impacted by a project. This includes individuals or teams who are…

What are Field Services? Jonathan Poland

What are Field Services?

Field service involves managing and deploying resources and assets at customer, public, and third-party locations, as well as providing services…

Salesforce Automation Jonathan Poland

Salesforce Automation

Sales force automation is a type of management tool that helps businesses automate and streamline their core sales processes, such…

Types of Fail Safe Jonathan Poland

Types of Fail Safe

A fail-safe is a mechanism or system that is designed to prevent harm or damage in the event of a…

What is a Tagline? Jonathan Poland

What is a Tagline?

A tagline is a short, catchy phrase that is used to summarize the core message or value proposition of a…

Feedback Loop Jonathan Poland

Feedback Loop

A feedback loop is a process in which the output of a system is used as input to adjust the…