AI/ML Is Dead. Long Live AI/ML

In recent years, large organizations have committed billions to AI/Machine Learning (AI/ML) investment. According to CIO Magazine, the retail and banking sectors estimated that their 2019 spend on AI/ML would be, cumulatively, in excess of $11.6 Billion. The Healthcare sector was estimating an investment of approximately $36 Billion by 2025. Even with these huge financial commitments, some analysts predict that 87% of AI/ML Projects will fail to deliver as promised or never make it into production. Of particular note is that the vast majority of AI/ML projects today are targeted for internal datacenter deployment.