Majority of organisations suffer from data bias

Most organisations understand the importance of mitigating data bias and believe it is prevalent within their businesses but struggle with how to address it effectively.

  • 1 year ago Posted in

Progress has published the results of its global survey, “Data Bias: The Hidden Risk of AI”. Conducted by independent research firm, Insight Avenue, the Progress survey is based on interviews with more than 640 business and IT professionals, director level and above, who use data to make decisions and are using or plan to use artificial intelligence (AI) and machine learning (ML) to support their decision making. The full report and findings can be found here.

Biases are often inherited by cultural and personal experiences. When data is collected and used in the training of machine learning models, the models inherit the bias of the people building them, producing unexpected and potentially harmful outcomes. Yet, despite the potential legal and financial pitfalls associated with data bias, there is a lack of understanding around the training, processes and technology needed to tackle data bias successfully. 

The Progress survey indicated that 78% of business and IT decision makers believe data bias will become a bigger concern as AI/ML use increases, but only 13% are currently addressing it and have an ongoing evaluation process. The biggest barriers they see are lack of awareness of potential biases, understanding how to identify bias as well as the lack of available expert resources, such as having access to data scientists. 

The survey findings also show:

66% of organisations anticipate becoming more reliant on AI/ML decision making, in the coming years.

65% believe there is currently data bias in their organisation.

77% believe they need to be doing more to address data bias.

51% consider lack of awareness and understating of biases as a barrier to addressing it.

“Every day, bias can negatively impact business operations and decision making – from governance and lost customer trust to financial implications and potential legal and ethical exposure,” said John Ainsworth, EVP and General Manager, Application and Data Platform, Progress. “We put our customers at the centre of everything we do and as we explore all that AI/ML can do, we want to ensure our customers are armed with the right information to make the best decisions to drive their business forward.” 

Node4’s I-LEAP Search Application provides Warwickshire Police Force’s frontline officers with...
Acquisition will enable the Group to further support clients in unlocking new value creation from...
Quest Software has released the newest iterations of erwin Data Intelligence and erwin Data...
SUBARU Corporation (SUBARU) has chosen to implement Informatica’s AI-powered Intelligent Data...
The 25 disruptive technologies to watch on the Gartner, Inc. Hype Cycle for Emerging Technologies,...
HPE GreenLake cloud will simplify hybrid IT operations and provide customers with a future-proof...
Leading technology and workforce development companies release comprehensive report, analyzing...
Latest updates provide broader code coverage while allowing embedded developer teams to detect and...