IDC: Half of AI projects fail for one in four companies
Research from IDC has found that half of AI projects fail for one in four companies on average.
Put in such a context, the research offers little comfort for businesses considering AI investments. On the other hand, it means half of AI projects are successful for three out of four companies; a far more incentivising statistic.
The two leading reasons for an AI project failing are:
A lack of required skills.Unrealistic expectations.IDC’s research found...