Accountable and open to inspection modeling
The models we develop as employees of different businesses or incorporations, research institutes or universities, or as freelancers could eventually get into production in different applications, such as healthcare, finance, manufacturing, marketing, retail, transportation, media, and entertainment. Our models could use patient data to predict whether they will get cancer or diabetes or whether they will respond to therapy. Alternatively, they could use the financial history and other information on the clients of a bank to assess their eligibility for loans. Another example is that our model can use the history of people’s purchases to recommend new products to them.
As we discussed in this chapter, we have to take care of the privacy of data and models, provide a fair and impartial model, and make our models as transparent as possible. But we have to remember that we are accountable for managing all these concerns in developing...
