Transparent algorithms function by providing clear documentation and explanations of their processes. This involves:
Open Source Code: Sharing the source code of algorithms can help stakeholders understand how the algorithm functions. This is particularly important in the tech industry. Documentation and Explanation: Detailed documentation explaining the logic, data inputs, and decision rules of algorithms helps in demystifying complex processes. Audits and Reviews: Regular audits by independent parties can ensure that the algorithms are functioning as intended and are free from biases. Stakeholder Involvement: Engaging stakeholders in the development and review process can provide insights and ensure the algorithm aligns with business objectives and ethical standards.