Topic: Reactions Across the Globe to Digitally Dependent Lives
Our lives are largely ruled by algorithms, but how many individuals actually understand them and the risk they pose? Much of the guidance we possess in the US and beyond is antiquated, yet it is the only legal recourse in many cases.
1)Imagine you are an auditor, but not a technologist….how do you know if what is contained in these practices is actually happening?
2)Which elements of these practices are the most difficult to ascertain if they are really being taken into account?
3)How do you validate that proper governance is taking place here?
Click to review below links for above discussion
Algorithms and Economic Justice: A Taxonomy of Harms and a Path Forward for the Federal Trade Commission – US Federal Trade Commission
Comptroller’s Handbook on Model Risk Management, Version 1.0, August 2021 – Office of the Comptroller of the Currency
AI Risk Management Framework Playbook – US National Institute of Standards and Technology
Due: 10th feb 2023, 600 words, APA