VerbFlow@lemmy.worldM to Fuck AI@lemmy.worldEnglish · 3 months agoResearch shows more than 80% of AI projects fail, wasting billions of dollars in capital and resources: Reportwww.tomshardware.comexternal-linkmessage-square18fedilinkarrow-up1128file-textcross-posted to: technology@lemmy.world
arrow-up1128external-linkResearch shows more than 80% of AI projects fail, wasting billions of dollars in capital and resources: Reportwww.tomshardware.comVerbFlow@lemmy.worldM to Fuck AI@lemmy.worldEnglish · 3 months agomessage-square18fedilinkfile-textcross-posted to: technology@lemmy.world
cross-posted from: https://lemmy.world/post/19178497 RAND Report - The Root Causes of Failure for Artificial Intelligence Projects and How They Can Succeed
minus-squareLifeInMultipleChoice@lemmy.worldlinkfedilinkarrow-up6·3 months ago20% success rate, that’s pretty high to say it would ever go away. 80% of restaurants close in the first five years, that bubble hasn’t popped.
minus-squareLost_My_Mind@piefed.sociallinkfedilinkarrow-up5·3 months agoBut it has historically over the past 50 years been dominated by franchised chains. Which is to say…terrible.
minus-squareLifeInMultipleChoice@lemmy.worldlinkfedilinkarrow-up3·edit-23 months agoAgreed, which inevitably means chains would lower the rate of failure as well, so I imagine first timers fail at higher rates : / I always regret that I don’t eat at more hole in the walls.
20% success rate, that’s pretty high to say it would ever go away. 80% of restaurants close in the first five years, that bubble hasn’t popped.
But it has historically over the past 50 years been dominated by franchised chains. Which is to say…terrible.
Agreed, which inevitably means chains would lower the rate of failure as well, so I imagine first timers fail at higher rates : / I always regret that I don’t eat at more hole in the walls.