Understanding the sources of unfairness in data-driven decision

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Image Source: https://www.infoclutch.com/installed-base/artificial-intelligence-big-data-both-together/

Abstract


ARIMA Model, Holt-Winters Double Exponential Smoothing, Bayesian Linear Regression

Abstract

1 Problem Statement

  • Health Center (HC) staffing is not optimal to meet the overall demand. HCs do not have the capacity to meet the deadline of <30 days for examinations due to lack of examining physicians and human resource constraints.
  • Significant amount of revenue is…

Analysis of diamond dataset to discover patterns & behaviors based on categorical and continuous features

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An overview of planning by horizons and balanced scorecard framework

  • SAFe Planning by Horizons
  • Kaplan-Nortan Balanced Scorecard
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  • From commanding to coaching
  • From meeting to…

Logistic regression model in R and analysis

Abstract

Model Inference

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Takeaways on algorithm design, limitations, algorithmic bias, ethical concerns and potential use case

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Source: Gartner Blogs https://blogs.gartner.com/anthony_bradley/2020/01/15/4-stages-ethical-ai-algorithmic-bias-not-problem-part-solution/

Takeaways for algorithm design:

  • Having a thorough understanding of the problem, dividing into sub-problems.
  • Continually asking questions to guide solution development.
  • Conducting focus groups to observe, identify loopholes.
  • Continued post-release analysis, tweaking based on newly validated observations. Iterative, recursive testing improving over time until several scenarios/factors are detailed.
  • Applying ML approach that takes advantage of human intuition when necessary.
  • Allowing humans to easily interpret ML “thought-process”.
  • Building algorithms that learns from its mistakes and improves.
  • Identifying major data types, attributes and rule hierarchy for decision-making.
  • Fixing bugs promptly before it amplifies.

Algorithm limitations

  • Guaranteeing privacy — Host first name, rough location, exterior photos, location details, host/reviewer…

Poonam Rao

Exec Director StratEx - I bring to the table blend of data science, finance and strategy management skills with 20+ years of experience in insurance & fintech.

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