Remove Data Quality Remove Explainability Remove Explainable AI
article thumbnail

Navigating Explainable AI in In Vitro Diagnostics: Compliance and Transparency Under European Regulations

Marktechpost

The Role of Explainable AI in In Vitro Diagnostics Under European Regulations: AI is increasingly critical in healthcare, especially in vitro diagnostics (IVD). The European IVDR recognizes software, including AI and ML algorithms, as part of IVDs.

article thumbnail

Beyond the Hype: Unveiling the Real Impact of Generative AI in Drug Discovery

Unite.AI

McKinsey Global Institute estimates that generative AI could add $60 billion to $110 billion annually to the sector. From technical limitations to data quality and ethical concerns, it’s clear that the journey ahead is still full of obstacles. But while there’s a lot of enthusiasm, significant challenges remain.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Critical Nuances of Today’s AI — and the Frontiers That Will Define Its Future

Towards AI

Ongoing Challenges – Data Diversity: Ensuring model accuracy and performance across diverse local datasets poses challenges due to variations in data quality and distribution.–

article thumbnail

Maximizing compliance: Integrating gen AI into the financial regulatory framework

IBM Journey to AI blog

Financial institutions must document and justify AI-driven decisions to regulators, ensuring that the processes are understandable and auditable. Predictability in AI outputs is equally important to maintain trust and reliability in AI systems.

article thumbnail

Artificial Neural Network: A Comprehensive Guide

Pickl AI

Explainable AI As ANNs are increasingly used in critical applications, such as healthcare and finance, the need for transparency and interpretability has become paramount. Data Quality and Availability The performance of ANNs heavily relies on the quality and quantity of the training data.

article thumbnail

Steven Hillion, SVP of Data and AI at Astronomer – Interview Series

Unite.AI

Deep learning is great for some applications — large language models are brilliant for summarizing documents, for example — but sometimes a simple regression model is more appropriate and easier to explain. My own data team generates reports on consumption which we make available daily to our customers.

article thumbnail

Financial Data & AI: The Future of Business Intelligence

Defined.ai blog

For example, if your AI model were designed to predict future sales based on past data, the output would likely be a predictive score. This score represents the predicted sales, and its accuracy would depend on the data quality and the AI model’s efficiency. Maintaining data quality.