Why Most AI Projects Fail: A Billion-Dollar Dilemma

Misalignment of Goals Among Stakeholders

Emerging technologies like AI are tempting for investors, but research by the RAND Corporation highlights a concerning trend: over 80% of AI projects fail. A significant factor is the misalignment of goals among key stakeholders. Leadership often envisions AI's capabilities based on unrealistic expectations, sometimes influenced by Hollywood's portrayal of AI. This often leads to a disconnect between business leaders and the technical teams, resulting in projects lacking the necessary resources and time for success.