Accountable algorithm development, operation, and use are key to sustainable AI operations in organizations. While some algorithms are developed in-house and others procured from vendors, it is important that the organization has a designated person accountable for the algorithm.
Each algorithm, to the extent possible, should have an organizational owner who oversees algorithm development, deployment, operations, and retirement decisions in cooperation with the AI System Owners and the Head of AI. We refer to this organizational role as Algorithm Owner.
The Algorithm Owner should have sufficient knowledge and understanding of the algorithm to make informed risk-reward decisions.
The Algorithm Owner should have adequate authority and resources to ensure that the AI system aligns with the organization’s values and risk tolerance.