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

AI and Financial Crime Prevention: Why Banks Need a Balanced Approach

Unite.AI

Humans can validate automated decisions by, for example, interpreting the reasoning behind a flagged transaction, making it explainable and defensible to regulators. Financial institutions are also under increasing pressure to use Explainable AI (XAI) tools to make AI-driven decisions understandable to regulators and auditors.

professionals

Sign Up for our Newsletter

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

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.

article thumbnail

How Quality Data Fuels Superior Model Performance

Unite.AI

Its not a choice between better data or better models. The future of AI demands both, but it starts with the data. Why Data Quality Matters More Than Ever According to one survey, 48% of businesses use big data , but a much lower number manage to use it successfully. Why is this the case?

article thumbnail

How data stores and governance impact your AI initiatives

IBM Journey to AI blog

A single point of entry eliminates the need to duplicate sensitive data for various purposes or move critical data to a less secure (and possibly non-compliant) environment. Explainable AIExplainable AI is achieved when an organization can confidently and clearly state what data an AI model used to perform its tasks.

article thumbnail

Data Monocultures in AI: Threats to Diversity and Innovation

Unite.AI

For example, hugging Face s Datasets Repository allows researchers to access and share diverse data. This collaborative model promotes the AI ecosystem, reducing reliance on narrow datasets. Using explainable AI systems and implementing regular checks can help identify and correct biases.

AI 157
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.