Resolution Economics

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Resolution Economics offers comprehensive AI Bias Audits to help organizations identify and mitigate unintended biases in their AI, algorithmic, and automated decision-making tools. As AI systems become integral to business operations, they can inadvertently introduce biases, leading to discriminatory outcomes. Resolution Economics' expert analysts provide independent assessments to ensure these tools operate fairly and comply with evolving regulatory standards. Key Features and Functionality: - Pre-Implementation Analysis: Before deploying AI tools, Resolution Economics evaluates custom-built datasets to predict potential adverse impacts on various demographic groups, including race, gender, ethnicity, age, and intersectional identities. - Pilot Study Design: During the implementation phase, they assist in designing pilot studies to assess potential biases prior to full-scale deployment. - Post-Implementation Review: After AI tools are operational, they conduct analyses using actual usage data to confirm the tools remain free from bias. - Regulatory Compliance Support: They provide audit results in formats that meet specific company needs and comply with applicable regulatory requirements, such as New York City's law mandating independent bias audits for automated employment decision tools. Primary Value and Problem Solved: Resolution Economics' AI Bias Audits empower organizations to harness the benefits of AI-driven decision-making while mitigating the risks associated with unintended biases. By ensuring AI tools are fair and compliant with regulatory standards, they help protect companies from potential legal challenges, reputational damage, and operational inefficiencies. Their interdisciplinary team, comprising labor economists, compliance experts, statisticians, CPAs, industrial-organizational psychologists, and data analysts, provides the expertise necessary to navigate the complexities of AI bias auditing effectively.