Coordinated 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 is aware of the algorithms it is developing, operating, or using.
All organizations using AI systems should operate an Algorithm Repository.
The repository should
1) identify, to the extent possible, all algorithms the organization is developing, operates, uses, or has retired,
2) assign them a unique identifier,
3) contain the relevant documents the organization has produced or received on the algorithm.