The accuracy of an AI model can degrade within days of deployment because production data diverges from the model’s training data. This can lead to incorrect predictions and significant risk exposure.
To protect against model drift and bias, organizations should use an AI drift detector and monitoring tools that automatically detect when a model’s accuracy decreases (or drifts) below a preset threshold.
This program for detecting model drift should also track which transactions caused the drift, enabling them to be relabeled and used to retrain the model, restoring its predictive power during runtime.
Statistical drift detection uses statistical metrics to compare and analyze data samples. This is often easier to implement because most of the metrics are already in use within the enterprise. Model-based drift detection measures the similarity between a point or groups of points versus the reference baseline.