From the course: Algorithmic Auditing and Continuous Monitoring
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RedTech 30: Governance structure
From the course: Algorithmic Auditing and Continuous Monitoring
RedTech 30: Governance structure
- In Chapter 2, Video 1, you learned how to establish an effective governance structure. In that video, we explored the importance of the following eight strategies. One, defining your objectives. Two, establishing auditing metrics and criteria. Three, assembling your auditing team. Four, conducting your audit. Five, scheduling regular reviews and revisions. Six, implementing a continuous monitoring system. Seven, prioritizing transparency and reporting. And eight, preparing for external audits. We'll apply the eight strategies to the Red30 Tech case study now. First, define your objectives. The case study prompt provided us with a summary of two goals Red30 Tech hopes to achieve via its Home Loan AI tool. The first, accurately predict loan eligibility based on a multitude of factors with greater speed and efficiency than traditional manual processes. The second goal, eliminate human biases from the approval…
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