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As organizations scale their AI and ML efforts, they are now reaching an impasse - explaining and justifying the decisions by AI models. Also, the formation of various regulatory compliance and accountability systems, legal frameworks and requirements of Ethics and Trustworthiness, mandate making AI systems adhere to transparency and traceability

With packaged AI APIs in the market, more people are using AI than ever before, without the constraint of compute, data or R&D. This provides an easy entry point to use AI and gets users hooked for more. However, the first legal framework for AI is here! One of the many mandates in the proposal is to make AI systems adhere to transparency and traceability. These additional requirements highlight the ever-increasing need for Explainable AI.

There is no doubt that banks are rapidly modernizing behind-the-scenes.

IBM India is building local solutions through its IBM Cognitive Systems AI Community, for which it has already signed on 25 startups.