Machine Learning Model Cards Transparency Review : Using model card toolkit

Abstract

In our day to day life, we rely on information that is provided by product makers to make rightful choices such as the nutritional content of food, warnings in medications, strength parameters of a constructed road, etc but when it comes to AI there’s has not been any such provided information. The machine learning models are very often distributed without a proper clear understanding of how it functions, i.e. under what conditions would it perform the best and most consistently, whether or not it has blind spots, and, if so, then where are they.Model cards are a very recent and hot topic of research. In Machine Learning (ML), transparency with model cards is relevant as it affects a wide range of domains, from health care to finance and jobs, etc. This research paper presents the importance of model cards and transparency issues.