During an audit, the auditor employed data analytic technology to identify anomalies and unusual patterns in the decision-making processes of an AI system used by a financial institution to approve…

The correct answer is C. Data mining. The auditor used Data Mining. Data mining involves exploring large datasets to identify patterns, anomalies, or relationships. ISO/IEC 20546:2019 Clause 3.5 defines data mining as: "The process of discovering patterns, correlations, anomalies, and associations within large…

AI Technologies and Concepts

Question

During an audit, the auditor employed data analytic technology to identify anomalies and unusual patterns in the decision-making processes of an AI system used by a financial institution to approve or reject loan applications. Which data analytic technology did the auditor use?

Options

APredictive analytics
BText analytics
CData mining
DVisual analytics

How the community answered

(53 responses)

A
6% (3)
B
11% (6)
C
81% (43)
D
2% (1)

Explanation

The auditor used Data Mining. Data mining involves exploring large datasets to identify patterns, anomalies, or relationships. ISO/IEC 20546:2019 Clause 3.5 defines data mining as: "The process of discovering patterns, correlations, anomalies, and associations within large datasets." In ISO/IEC 42001:2023, auditors are encouraged in Clause 9.2.2 to use appropriate technological tools to analyze AI system behavior, including using big data technologies for pattern recognition

Topics

#data mining#anomaly detection#AI decision-making#data analytics

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