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Insights Learned on Explainable AI in a Global Data Environment with John Power, CDO/CAO at Equifax Europe
February 3 @ 11:30 AM - 1:00 PM
Featured Guest Speaker: John Power, CDO/CAO at Equifax Europe
Advances in computing have generated the use of more data and complex algorithms that turn data into decisions and insights. New AI credit scoring technology is able to make credit risk predictions quicker than ever. However, algorithmic decision making can come at a cost in terms of opaqueness in credit decision processes and compromise versus fair lending principles. In this session, John will go over:
- What is explainable AI
- The benefits and risks associated with algorithmic decision making
- How to address and combat bias and adverse outcomes in using AI for credit decisions
- Insights and lessons learned from Equifax
- Best practices for explainable AI