Risk Assessment and Management
Algorithmic bias refers to the systematic and unfair discrimination that can occur when algorithms produce results that are prejudiced due to incorrect assumptions in the machine learning process. This type of bias can emerge from various sources, including the data used to train the algorithms, the design of the algorithms themselves, or even the societal context in which they operate. Addressing algorithmic bias is crucial for ensuring fairness and equity in technological advancements, especially in areas influenced by disruptive technologies and applications of artificial intelligence.
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