Reasons for Artificial Intelligence (AI) Project Failure in 2021

Artificial intelligence is changing industries and how businesses function with hundreds of use cases. Artificial intelligence is a powerful technology but implementing it without a clear business strategy is not enough to achieve success. Instead of starting from the solution of an indefinite business problem, companies should start by determining business problems and then decide whether an AI tool would help solve them. There may be other cost-effective tools and methods to solve the specified problem. Asking these questions would enable companies to have a clear vision and measure the costs, benefits, and business impact of AI projects.