Why most machine learning projects stumble

Despite widespread interest in machine learning (ML), relatively few projects leave the proof-of-concept phase and enter production. In fact, in a 2020 report, Capgemini found that roughly 85% of all ML projects grind to a halt across Capgemini's client organizations--despite successful preliminary models and ample support from executive leaders. Further, the study found, only half of the world's leading AI-powered enterprises successfully roll out artificial intelligence projects, including ML models, and this number drops substantially among organizations without dedicated ML teams. In recent years, AI solutions have attracted the interest of executive leadership across industries. Machine-learning models, perhaps the leading subset of AI, have particularly interested enterprises racing to digitize in the modern market because of their ability to automatically "learn" and update.