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IDC: For 1 in 4 companies, half of all AI projects fail

Tremendous growth in AI deployments doesn’t mean that everything is all wine and roses…

Despite enterprises’ best efforts, painless AI deployments appear destined to remain elusive for all but the most dogged adopters. A recent study conducted by analysts at International Data Corporation (IDC) found that of the organizations already using AI, only 25% have developed an “enterprise-wide” AI strategy, and it found that among those in the process of deploying AI, a substantial number of projects are doomed to fail.

IDC’s Artificial Intelligence Global Adoption Trends & Strategies report, which was published today, summarizes the results of a May 2019 survey of 2,473 organizations that use AI solutions in their operations. It chiefly focused on respondents’ AI strategy, culture, and implementation challenges, as well as their AI data readiness initiatives and the production deployment trends expected to experience growth in the next two years.

Full story at VentureBeat.

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