{"id":18932,"date":"2024-08-30T09:37:04","date_gmt":"2024-08-30T01:37:04","guid":{"rendered":"https:\/\/www.1ai.net\/?p=18932"},"modified":"2024-08-30T09:37:04","modified_gmt":"2024-08-30T01:37:04","slug":"ai-%e8%a1%8c%e4%b8%9a%e9%a3%8e%e5%85%89%e8%83%8c%e5%90%8e%ef%bc%9a80-%e9%a1%b9%e7%9b%ae%e4%bc%9a%e5%a4%b1%e8%b4%a5%ef%bc%8c5-%e5%a4%a7%e5%8e%9f%e5%9b%a0%e5%af%bc%e8%87%b4","status":"publish","type":"post","link":"https:\/\/www.1ai.net\/en\/18932.html","title":{"rendered":"Behind the glory of the AI industry: 5 reasons why the 80% project failed"},"content":{"rendered":"<p>RAND Corporation released a new report, stating that behind the AI industry&#039;s success, 80% <a href=\"https:\/\/www.1ai.net\/en\/tag\/ai%e9%a1%b9%e7%9b%ae\" title=\"[SEE ARTICLES WITH [AI PROJECT] LABELS]\" target=\"_blank\" >AI Projects<\/a>Will fail, resulting in billions of dollars being wasted.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-18933\" title=\"eb8d837dj00sj0cge00mvd000sg00g9p\" src=\"https:\/\/www.1ai.net\/wp-content\/uploads\/2024\/08\/eb8d837dj00sj0cge00mvd000sg00g9p.jpg\" alt=\"eb8d837dj00sj0cge00mvd000sg00g9p\" width=\"1024\" height=\"585\" \/><\/p>\n<p>Report Introduction<\/p>\n<p>RAND Corporation is a nonprofit global policy think tank, research institute, and public sector consulting firm based in the United States. The report was co-authored by several scientists and engineers in the field of AI.<\/p>\n<p>Five reasons why AI projects fail<\/p>\n<p>The agency interviewed 65 data scientists and engineers with at least five years of experience building AI\/ML models in industry or academia, and found the top five root causes of AI project failure. The top five reasons are as follows:<\/p>\n<ul>\n<li><strong>Investment Misalignment:<\/strong>Industry stakeholders often have misunderstandings about AI or poor communication, and are not clear about what problems AI can solve.<\/li>\n<li><strong>Lack of sufficient data:<\/strong>Enterprises lack the necessary data to adequately train effective AI models.<\/li>\n<li><strong>Blindly chasing new things:<\/strong>AI projects fail because organizations focus more on using the latest and greatest technology rather than solving real problems for their intended users.<\/li>\n<li><strong>Lack of computing power:<\/strong>Enterprises may not have adequate infrastructure to manage data and deploy completed AI models, increasing the likelihood of project failure.<\/li>\n<li><strong>AI bottlenecks:<\/strong>In other words, AI product positioning is to solve problems that are difficult to solve with current AI technology, and the goal is too far away to be achieved.<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>RAND Corporation has released a new report stating that behind the scenes of the AI industry, 80% of AI projects will fail, resulting in billions of dollars in funding down the drain. About the Report RAND Corporation is a U.S.-based nonprofit global policy think tank, research organization, and public sector consulting firm, and the report was co-authored by a number of scientists and engineers in the AI field. Top 5 Reasons Why AI Projects Fail The organization interviewed 65 data scientists and engineers with at least five years of experience building AI \/ ML models in industry or academia to identify the top five root causes of AI project failures, which are as follows: Misplaced Investments: Industry Stakeholders<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[173],"collection":[],"class_list":["post-18932","post","type-post","status-publish","format-standard","hentry","category-news","tag-ai"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/18932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/comments?post=18932"}],"version-history":[{"count":0,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/18932\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/media?parent=18932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/categories?post=18932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/tags?post=18932"},{"taxonomy":"collection","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/collection?post=18932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}