All posts tagged: evaluating

4 questions to ask when evaluating AI prototypes for bias

4 questions to ask when evaluating AI prototypes for bias

Veronica Torres Contributor Veronica Torres is the worldwide privacy and regulatory counsel for Jumio, where she provides strategic legal counsel regarding business processes, applications and technologies to ensure compliance with privacy laws. It’s true there has been progress around data protection in the U.S. thanks to the passing of several laws, such as the California Consumer Privacy Act (CCPA), and nonbinding documents, such as the Blueprint for an AI Bill of Rights. Yet, there currently aren’t any standard regulations that dictate how technology companies should mitigate AI bias and discrimination. As a result, many companies are falling behind in building ethical, privacy-first tools. Nearly 80% of data scientists in the U.S. are male and 66% are white, which shows an inherent lack of diversity and demographic representation in the development of automated decision-making tools, often leading to skewed data results. Significant improvements in design review processes are needed to ensure technology companies take all people into account when creating and modifying their products. Otherwise, organizations can risk losing customers to competition, tarnishing their reputation and …

2023 will bring crisper methods for evaluating startup success

2023 will bring crisper methods for evaluating startup success

This year will be more about nailing it than scaling it The momentum of the most active 12 months ever for venture investing did not carry over well into 2022, to say the least. As interest rates and inflation spiked, geopolitical challenges arose and the economy began trending downward, fundraising slowed dramatically throughout the year. But if 2022 was a year of paradigm-shifting dynamics, 2023 will be a year when we’ll determine the winners and the losers — and more importantly, when crisper methods for evaluating success will emerge. The landscape for software companies The tech ecosystem has seen a few downturns (though none were meaningful) since cloud computing emerged as a dominant trend over a decade ago, but inflation is a new beast for many of us. It’s been 30 years since inflation was a tangible, real-world macroeconomic consideration. When inflation is at 7%, if you aren’t growing by at least that much, you are shrinking. In a difficult budget environment, high gross retention rates can be a strong signal that customers love your …