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… commonplace. This is true even when the statements by AI promoters don’t make any sense.
This means that executives have a very great misunderstanding of the reality of AI.
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Conclusion
It is essential to have your AI or data science project audited. If a vendor or consulting firm was involved, it is virtually guaranteed that the project success probability was greatly overstated. And while the vendor or consulting company will be very good at coming up with excuses, without an independent entity verifying the project’s current state, these financially interested parties will continue to lead …

… business growth. – Betanews
So the company itself or the consulting firm had no idea that they lacked the data to begin their AI project? How is that possible? Preliminary or exploratory work can be performed on the data to determine its likely usefulness. But instead, a vast number of projects are getting “blindsided” by the fact they don’t have the data they need to meet whatever AI project goal to set for themselves.
Once projects run into issues with a lack of data, as we cover in the article How Many AI Projects Will Fail Due to a …