Several organisations have already felt the sometimes severe consequences of their algorithms performing defectively:
The risk of algorithmic failure amplifies as technology application evolves and accelerates.
We at Deloitte view our algorithms as we view the workforce. Just as we do for our people, we owe our algorithms a duty of care. They deserve the same guidance, developmental support and performance reviews we give our employees. With our support, you can help your algorithm to flourish and to operate efficiently, legally, and productively.
In line with our efforts, as a leading provider of assurance services relating to AI, Deloitte has developed the AI Institute. Deloitte AI Institute’s mission is to guide the development of trustworthy, powerful AI solutions by fostering a network of like-minded organisations and facilitating cutting edge knowledge-sharing to accelerate Australia’s AI agenda.
If your answer to any of these questions was a no, or you are unsure of the answer within your organisation, then we are here to help.
Deloitte can benefit your business and resolve these questions through our Algorithm Assurance service. A specialist assurance offering that will assist your organisation in the definition, identification, classification, assessment, enhancement and monitoring of healthy and effective algorithms – ensuring these are conforming with regulatory requirements whilst optimising opportunities for efficiency gains.
To hear more about our service and how it will benefit you, please get in touch.