5.2.10

Automated Decision-Making

Test yourself

Automated Decision-Making

Automated decision-making, driven by algorithms, plays a significant role in various aspects of modern life. It raises ethical concerns about fairness, bias, and accountability.

Illustrative background for Tailoring experiences algorithmsIllustrative background for Tailoring experiences algorithms ?? "content

Tailoring experiences algorithms

  • Automated decision-making algorithms are widely used to tailor user experiences.
    • For example: determining content shown on social media feeds based on past interactions and interests.
  • While personalisation can enhance user engagement, it also raises concerns.
    • Users are only exposed to content that reinforces their beliefs, potentially leading to a more close-minded society.
Illustrative background for Algorithm based assessment Illustrative background for Algorithm based assessment  ?? "content

Algorithm based assessment

  • Algorithms may assess the likelihood of a criminal reoffending or determine a candidate's eligibility for a loan.
    • Algorithms often do such assessments without considering context-specific factors.
    • Such factors would be included in human judgment.
  • Algorithm-based assessment leads to fears of unfair or biased outcomes.
Illustrative background for Streamlining hiringIllustrative background for Streamlining hiring ?? "content

Streamlining hiring

  • Despite ethical concerns, the use of automated decision-making has led to increased efficiency in many sectors.
    • For example: in employment, algorithms can streamline hiring by pre-screening applicants based on desired traits.
    • Streamlining hiring allows companies to fill positions more swiftly.
Illustrative background for Algorithmic tradingIllustrative background for Algorithmic trading ?? "content

Algorithmic trading

  • In the financial sector, algorithmic trading has become dominant.
    • Algorithmic trading allows for rapid decision-making based on historical data to predict market movements.
Illustrative background for FairnessIllustrative background for Fairness ?? "content

Fairness

  • To ensure fairness, these algorithms must be transparent, rigorously tested, and supplemented with human oversight to prevent biased or unethical decisions.

Jump to other topics

1Components of a Computer

2Software & Software Development

3Exchanging Data

4Data Types, Data Structures & Algorithms

5Legal, Moral, Cultural & Ethical Issues

6Elements of Computational Thinking

6.1Thinking Abstractly

6.2Thinking Ahead

6.3Thinking Procedurally

6.4Thinking Logically

6.5Thinking Concurrently

7Problem Solving & Programming

8Algorithms

Unlock your full potential with Seneca Premium

  • Unlimited access to 10,000+ open-ended exam questions

  • Mini-mock exams based on your study history

  • Unlock 800+ premium courses & e-books

Get started with Seneca Premium