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Governance & Risk

Explainability (XAI)

Explainability (XAI) is the property of an AI system whose decisions can be understood by humans — through model-level documentation, prediction-level attributions, and counterfactual explanations — and a regulatory expectation in finance, healthcare, hiring, and other high-stakes domains.

Full definition

Methods include intrinsically interpretable models (linear, tree-based, GAMs), post-hoc attributions (SHAP, LIME, integrated gradients), and counterfactuals ("what would change to flip this decision?"). For LLMs, explainability is mostly behavioral (showing citations, exposing chain-of-thought, providing model cards) rather than mechanistic. Mechanistic interpretability is an active research area but not yet a deployable governance tool.

Why it matters

Explainability is required by GDPR Article 22, the EU AI Act for high-risk systems, NYC Local Law 144 for hiring, and most financial regulators (e.g., the US OCC SR 11-7 model risk guidance). It is also the foundation of trust: customers and employees adopt AI systems whose decisions they can understand.

Example

A bank's credit-decision model uses SHAP values to show, for every adverse-action notice, the top 4 factors that drove the decline — meeting both regulatory disclosure requirements and improving customer recourse.

Source & further reading

Primary source: Lundberg, Lee — "A Unified Approach to Interpreting Model Predictions" (SHAP, NeurIPS) (2017).

Citation policy: this entry is part of the AIDOLS AI Implementation Glossary and may be quoted for research, journalism, and education with attribution to aidolsgroup.com/it/glossary/explainability/.