The importance of data audits when building AI

We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - August 3. Join AI and data leaders for insightful talks and exciting networking opportunities. Artificial intelligence can do a lot to improve business practices, but AI algorithms can also introduce new avenues of risk. For example, consider Zillow's recent shutdown of Offers, the branch of the company dedicated to buying fixer uppers, after its prediction models significantly overshot house values. When housing price data changed unpredictably, the group's machine-learning models didn't adapt quickly enough to account for the volatility, resulting in significant losses. This type of data mismatch or "concept drift" happens if you don't give proper care and respect to data audits.