85% of Machine Learning Projects Fail! Here’s How Yours May Actually Succeed

Only 15% of Machine learning projects succeed, or 1 out of every 10 make it to production. 55% of machine learning projects are not even completed. And, only 8% of AI projects are regarded as ‘very’ successful. These are some staggering statistics begging to be noticed by all the organizations out there aiming to launch an effective and bankable ML project.

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When Do You Need AI Consulting?

There’s a lot of buzz about artificial intelligence (AI) and the many benefits it offers to the organizations that use it. Most recently, AI has been leveraged in the healthcare industry in response to the global pandemic for mapping, to accelerate diagnoses, and to predict health outcomes. Although the technology is not brand-new (it has been around since the 1950s), the concept of AI still feels inaccessible to many.

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5 Success Factors for an AI Project  - No, It’s not just about the ML Algorithm!

After working on many AI implementations, here are some thoughts on what works in a typical AI/ML endeavor.

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