The Risks of Relying on Algorithms
Featuring Cathy O’Neil
Published on: August 3rd, 2019 • Duration: 45 minutesCathy O’Neil, CEO of O’Neil Risk Consulting & Algorithmic Auditing, explains to Strategic Insight Group CEO Dee Smith why she is auditing companies’ algorithms. O’Neil says it began when she moved from academia to trading during the financial crisis and realized the financial world couldn’t control their algorithms. Now she has turned to corporations more generally, where she believes algorithms have become dangerous “black boxes.” Her view: business leaders need rigorous methodology and tools or they will face catastrophic results that lead to litigation and serious reputational risks. Filmed on June 5, 2019 in New York.