I think it depends on the inputs. If the algorithm looks at statistics blindly, ie. does not take into account race, then it would be more accurately called "crime profiling". So, unless people were to feel that crime should be more acceptable in some circumstances than others (i.e. a crime prone area should be allowed some low level crime because that's what people know), it should be a non-issue. I think the question is more about how the police on the ground respond, do they inject race into the the practical aspect?
It would seem that that should not change just because police are being dispatched by an automated system --what I mean, is I don't think this system should or will make beat cops more or less biased against a given ethnicity, per se. but in effect a neighborhood will get more attention and long-run, should end up in a better place, given that results show a significant improvement.
In the end, time will tell.