NU SKAL VIRKSOMHEDER REDEGØRE FOR DATAETIK I ÅRSRAPPORTEN
Denmark is the first country to introduce a mandatory company legislation for AI and Data Ethics. This legislations aims at enforcing online companies to release public information about their data ethics and algorithms policies. This gives the user the right for explanation: they must provide information on the types of algorithms used in house and prove these algorithms are transparent and fair.
The new legislation will come in effect on the 1st of July 2020 - this means that all companies must comply with AI and Data Ethics law by 2021. Companies will have to share algorithmic information in their year-end reports, and can be fined for not complying with the law. If the company does not have a data ethics policy, the company must state why it is not relevant for the company in question to have a data ethics policy. For example, it could be that the company does not process data or apply algorithms for data analysis, or that this is not an integral part of the company's business strategy and business activities.
The result of such law will effectively enable companies to create and define data ethics and build explainability, transparency and trust in their AI algorithms. This is a good news for consumers and business clients, who will now receive more insights in the recommendations they get.
To follow through with adding transparency in their AI systems, companies will need to start adding explainability in their AI systems and make sure their algorithms are not biased or unfair. They will need to monitor how their AI performs of different subsets of data and proactively tweak their deployed and pre-production AI models that are black-boxes today. Companies need to understand the impact of their existing and new projects and models and translate their data ethics statements into tangible metrics to measure each model and project.
In these changing times for Denmark companies, we at explainX.ai are here to help them build explainable, transparent, unbiased and trustworthy AI systems.
With explainX, data scientists will be able to easily explain, debug and monitor any black-box machine learning/deep learning model to enable auditing to meet compliance with regulatory requirements.
Ready to comply by the law? Get in touch with us today.