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AIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

6 December 2024

Local Interpretable Model-agnostic Explanations (LIME) (Glossary)

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Local Interpretable Model-agnostic Explanations (LIME) belongs to the category of artificial intelligence and is often used in the field of big data and smart data. LIME is a method that helps to make the decisions of complex AI models more transparent and easier to understand.

Many AI models make decisions that are difficult for humans to understand. This is precisely where LIME comes in: The method analyses why a model has arrived at a certain result and explains this decision in a way that is easy to understand. LIME works regardless of which AI model is used ("model-agnostic").

Imagine an AI deciding whether a customer gets a loan or not. The decision is based on many data points - age, income, payment behaviour, etc. With LIME, it is possible to track exactly which factors contributed to the result and to what extent. This provides clarity for those responsible and helps to create trust in AI-based decisions.

To summarise: Local Interpretable Model-agnostic Explanations (LIME) makes the "black box" of AI a little more transparent by providing comprehensible explanations for complex decisions - an important step, especially in sensitive areas such as finance or health.

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