This article on the DLA Piper website uncovers some of the problems around the use of some algorithms – it also goes into the regulators plans and how they should be audited.
I have talked before about how the CMA wants to ensure algorithms do not harm competition or indeed cause detriment to consumers. In particular I have looked at theories of harm, ways to investigate harms and discussed the potential role of regulators in addressing these harms. More on this here: https://amonsocial.alvarezandmarsal.com/post/102fjgp/pricing-algorithms-in-the-competition-spotlight
However, going back to this specific piece, the author, Coran Darling, explains that the pervasive nature of algorithms throughout sectors in the UK requires a holistic approach by regulators to do the following two things:
- Highlight the nature of these risks to stakeholders and the public; and
- Take measures to mitigate them, while limiting the impact of actions on the positive aspects of algorithmic processing.
My key takeaway on reading this I suppose, is that people should think about doing internal and independent checks in advance of any regulatory action and should make sure they link up with an expert to do so.
The Digital Regulation Cooperation Forum (“DRCF”) has issued a call for views on the benefits and risks of algorithmic processing uncovered in their research and set out their plan of action for the coming year.