Almost all top executives of the world’s biggest companies (99 percent) have data-driven ambitions, but only one third(!) indicated to be succesful in realizing them. So why do so many data projects fail? Pilot projects spring up like mushrooms, but are rarely taken into full production. In my view, poorly organized data projects are the reason for not getting beyond that pilot phase. In this article, It will be explained what you should be focusing on in order for your data science projects to succeed.
According to figures by Gartner, up to 85 percent of data projects fail. And, even more disturbing, a recent study by PWC indicated that only four percent of the thousands of companies surveyed had successfully implemented an AI solution.
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https://ortec.com/en/news-more/insights/done-failing-data-projects