
Research indicates that over 80% of artificial intelligence (AI) projects fail, resulting in significant financial losses for companies. A report from Tom's Hardware highlights that this failure rate is notably higher than that of non-AI technology startups, with the RAND Corporation providing insights into the issue. The disconnect between leadership expectations and the actual capabilities of AI technology has been identified as a contributing factor to these failures. Additionally, the roles of chief data, analytics, and AI officers are becoming increasingly unstable as many companies reassess their leadership structures in response to these challenges. Experts suggest that many projects labeled as AI should have been categorized as machine learning initiatives, indicating a misalignment in project goals and expectations.
80% of AI projects fail. That's because they should have been machine learning projects, but became excited executives projects. https://t.co/TtWm79Mmdx
The already tenuous roles of the chief data, #analytics, and #AI officers have become more precarious. Many companies have seen departures and recalibration of data and AI leadership responsibilities. See why chief data and AI officers are set up to fail: https://t.co/YZTDkkPCxp
According to research by @RANDCorporation, over 80% of #AI projects fail — which is twice the failure rate for non-AI technology-related startups Leadership often has a view of what AI can achieve that is not grounded in reality https://t.co/DPoZRYtHUb via @tomshardware