Meaning ● An Ethical Algorithm Audit systematically assesses the fairness, transparency, and accountability of algorithms used in Small and Medium-sized Businesses (SMBs), particularly those driving growth, automation, and operational implementation. ● For SMBs, this process ensures algorithms align with ethical guidelines, legal requirements, and business values, minimizing potential biases and reputational risks. ● Examining the impact of automated systems on critical business functions can enhance decision-making processes and improve stakeholder trust.
