Why Artificial Intelligence Projects Fail

Over the last few months, I have seen the number of AI projects taken up significantly and most of the folks working on AI projects in their firms are planning to increase their AI initiatives even further over the next 12 months. Many of these initiatives come with high expectations but AI projects are far from fool-proof. In fact, there are predictions that more than half of all AI projects will fail to deliver against their expectations. Failure can happen for many reasons, however, there are a few glaring dangers that will cause any AI project to crash and burn. Based on my experience, discussing with fellow AI practitioners in various organizations and going through many surveys done in the last few months, I know these mistakes are all too frequent.