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Last month, the Bank of England joined the ranks of those that have expressed interest in machine learning, along with reservations about its potential pitfalls. In Staff Working Paper No. 816: Machine learning explainability in finance: an application to default risk analysis, the authors make the following observations: ML and AI suffer from a black box proble…

FICO recently announced that three of its employees had been announced as finalists for the Women in Credit Awards being held in London. The event was to be held in March but due to Coronavirus, it has been postponed to October. So, this week our Chief Marketing Officer, Nikhil Behl sat down with our awards finalists Anat, Louise and Nicola to discuss how they…

The impact of the coronavirus on AI adoption may be one of the beneficial side effects of the pandemic. This "golden age of AI" is one of the topics explored by the German business magazine GI Geldinstitute in its interview with Will Lansing, FICO's CEO. For the benefit of English speakers, I am sharing a translation of an excerpt, in which Will discusses the rise of…

There is a lot of controversy in business circles as to whether companies are using artificial intelligence (AI) technology for unethical purposes, or unknowingly doing so. This post isn’t about that - it's about what ethical AI means for model development. One of the most common misperceptions I hear about bias is, “If I don’t use age, gender or race, or similar f…

In a three-part series on TechTargets IoT Agenda I explore the three most critical topics related to artificial intelligence: ethics, explainability and efficiency. I called this the 3 E’s of AI and you can read the full series here.  Eliminating Bias In the first article, First an Intro to Ethical Artificial Intelligence, I explore the challenge of deliver…

With novel artificial intelligence (AI) applications multiplying like rabbits these days, it may seem like the current wave of AI innovation is all beer and skittles. Lawsuits have a way of sobering up any metaphorical party and, in the wake of numerous high-profile racial bias and fairness cases, The Wall Street Journal reports that companies including Google, Twitte…

Although discussion of artificial intelligence (AI) ethics appears to be approaching fever pitch—the U.S. government is now soliciting broad input for an AI-era Bill of Rights—responsible use of AI has been at the top of my mind for the past five years. My 2017 analytics predictions included: I think that we are just at the beginning of the golden age of analytics,…

Artificial intelligence is today’s hottest technology—and how companies create and use unbiased AI should be a topic near the top of Boards of Directors’ agendas. AI is a Board-level issue because this technology makes decisions that profoundly affect all customers, in ways that can be positive or negative. This blog captures the extended conversation around “Diversit…

There are many data science topics that Dr. Scott Zoldi, FICO’s Chief Analytics Officer, is passionate about, but responsible, ethical artificial intelligence (AI) is surely near the top. Scott has blogged extensively and been in the news talking about Ethical AI, one of  four critical components of Responsible AI, along with Explainable AI, Robust AI and Audtabl…