Most Important Tips to Succeed in the Golden Age of Artificial Intelligence

A large number of firms are still reporting a 50% failure rate for AI projects, pointing to the lack of unrealistic expectations and AI skills as the two main roadblocks. In such a rapidly growing market, the adoption of AI needs a clear plan to overcome these challenges. Whether it's through the growing AI investment – which is expected to skyrocket to $98bn by 2023 – or the fact that AI projects are set to double over the upcoming year, organizations are improving efficiency, performance, and analytics capabilities with the support of AI to solve real-world problems faster. McKinsey found that in two-thirds of the use cases, AI – specifically deep learning – improved performance beyond that provided by other technologies. Below are the steps to ensure the smooth and successful implementation of AI.