Jeff (Jeff For Local Marketing) discusses why AI projects commonly fail in business, claiming an observed failure rate of between 80% and 95%. He identifies misalignment with business needs as the primary reason and intends to illustrate this with examples.
Between 80% and 95%.
One of the things that I see popping on a lot right now, and it's, it's this one, is businesses are experiencing a failure rate between 80 and 95% when they use AI. And by this I mean, it's like, okay, they bring it in, they think it's going to work, and then it fails. And they say this AI is nothing but smoke and mirrors. It doesn't work and it's a failure. Well, I have to tell you that, yeah, it's new technology and it can be one of those things where it's a bright, shiny object and it's, it could be, and I'll get into more detail, it could be one of those things where it says, hey, it is going to solve all your problems. And then it doesn't. And it can be frustrating and it can be expensive. But I want to talk about, first of all, the items that, when I did some research, why we have such a high failure rate with, with AI and the first one is misalignment with business needs. And let me give an example. Let's say, for instance.
