ChatGPT and AI in Business: Why 95% of Projects Fail
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Since the ChatGPT revolution in 2022, there has been a massive surge in interest around homemade AI tools in the business sector. However, despite this enthusiasm, only about 5% of AI projects succeed in delivering measurable business value.
The Challenges of AI Adoption
The reality is that most projects fail, raising questions about how to mitigate these risks. Managers are beginning to understand that AI is not just a passing trend, but a fundamental shift in the way we work.
Change Management, a Major Challenge
A colleague of the author points out that while technology is easy to integrate, it is the people who represent the real challenge. The NN Group describes this situation as the "AI rollercoaster," illustrating the ups and downs of adopting these technologies in businesses.
Mitigating the Risk of Failure
As the head of the AI and automation practice, the author focuses on introducing AI solutions that have a real impact. The question remains: how can we mitigate the risk of failure in AI projects? Effective change management and a clear understanding of business needs are essential to overcoming these challenges.
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