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Reasons Why AI Development Project Fail?

Reasons Why AI Development Project Fail?

In this article, explore reasons why AI solutions development projects fail, such as not enough data, etc.

When thinking about starting your AI project, you’re likely feeling a combination of excitement and concern. Wow, this can be amazing. All the success stories, the numbers of sales increase, revenue growth...so many opportunities! But on the other hand, what if it goes wrong? How can you mitigate the risk of wasting time and money on something that just isn’t viable at all? There are so many questions, there’s so much hope, and (hopefully) there’s a plan. Bright future ahead of us, am I right? Well, a recent white paper released by Pactera Technologies states that 85% of AI projects fail. Oops.

“But it won’t be me” — you might say. It won’t, or it will, there’s no way to tell now. You can hope for the best but nothing exempts you from strategic thinking. Be well-informed, be prepared, be advertent.

Top 10 Data and Analytics Trends in 2020

Gartner Top 10 Data and Analytics Trends

These data and analytics technology trends will have significant disruptive potential over the next three to five years.

Traditionally, banks targeted older customers for wealth management services, assuming that this age group would be the most interested. Using augmented analytics, banks found that younger clients (aged 20 to 35) are actually more likely to transition into wealth management — a clear example of how relying on business users to find patterns, and on data scientists to build models manually, may result in bias and incorrect conclusions.

By 2020, augmented analytics will be a dominant driver of new purchases of analytics and business intelligence.

Augmented analytics is just one of the top 10 technologies Gartner has identified with the potential to address these and other major data and analytics challenges in the next three to five years.

What It Takes To Create Successful Software Development Projects

What It Takes To Create Successful Software Development Projects

Throughout 20-plus years of my career, we’ve had the opportunity to manage and work on over 50 software development projects across different verticals, ranging from Fortune 500 companies to venture-backed tech startups.

Some of these projects have succeeded admirably in their own right, and some haven’t.

In this post, I’ll go over the consistent factors I’ve noticed that determine the success rate of most custom software development projects.

Some Dream, Others Do

Business success has nothing to do with IQ. If it did, many of the most successful entrepreneurs would never have been able to pull off their projects.

You don’t need a fancy degree. What you do need is an impeccable work ethic. When you get out of bed, you should feel excited about the opportunities before you. Know what you want to accomplish and how to gauge your success. Specifics are the building blocks of good project management no matter what department you work in or what type of business you run.

Gartner Top 10 Strategic Technology Trends for 2020

Top MobileApp Development Trends to Watch for in 2020

Top Mobile App Development Trends to Watch for in 2020

Technology is growing and advancing at a rapid rate. Things that we never thought would exist are now part of our daily lives. From the invention of the home computer, the smart phone, and now the rise of AI machines, technology is evolving exponentially. One of the areas of tech that is growing the fastest is mobile technology. 

Over 80% of Americans own a smartphone as of February 2019 and the world of technology has improved with the growth in the number of users. Companies large and small are catering to the mobile platform with new developments. The customer experience is being vastly improved to be quick, easy, and painless. This is adding to the already existing convenience mobile technology offers. As the platform of choice shifts towards mobile in a big way, new trends will emerge. 

A guide to artificial intelligence in enterprise: Is it right for your business?

While true artificial intelligence is some way off, businesses are taking advantage of intelligent automation, like machine learning, to improve business operations, drive innovation and improve the customer experience.

AI and automation is changing the business environment across industries, delivering new opportunities through intelligent, automated products. Some companies are ahead of the curve, and others are stagnating in their adoption of the tech.

Board members and decision-makers are increasingly aware of the benefits of AI and automation, but the question should always remain: ‘Is it right for my business? How does it solve a problem?’

With the general rise of this technology into business operations also comes challenges, dangers and potential risks to the human workforce. This feature will examine all these aspects, and hope to give an overall look at AI and automation in the enterprise.