path-to-ai-maturity-in-2023

Today, innovation-driven businesses are investing significant resources in artificial intelligence (AI) systems to advance their AI maturity journey. According to IDC, worldwide spending on AI-centric systems is expected to surpass $300 billion by 2026, compared to $118 billion in 2022. In the past, AI systems have failed more frequently due to a lack of process maturity. About 60-80% of AI projects used to fail due to poor planning, lack of expertise, inadequate data management, or ethics and fairness issues. But, with every passing year, this number is improving.