Automated Decision Making
Automated Decision Making refers to the process where computer systems make decisions without human intervention. This technology uses algorithms and data analysis to evaluate information and determine outcomes. Common applications include credit scoring, fraud detection, and personalized marketing, where speed and efficiency are crucial.
While Automated Decision Making can enhance productivity, it also raises concerns about fairness and transparency. Decisions made by algorithms can sometimes reflect biases present in the data they are trained on. As a result, discussions around ethics and accountability in systems like artificial intelligence and machine learning are increasingly important.