Everyone’s crazy about AI, but what does that mean in practice? A new survey by Transcend finds that, for all the hype, one-third of enterprise AI initiatives are either delayed, scaled back, or abandoned. It’s a real problem for organizations, Transcend’s CIO and CISO in residence Aimee Cardwell told IT Brew. “Companies are investing in the structure and the walls and the roof and the architecture, but they’re ignoring the foundation,” Cardwell said. “It’s not that the AI isn’t smart or isn’t able to do the use case, it’s that your data isn’t ready for it.” Check your work. Often this manifests itself in the details of how AI models are deployed. Researchers found that, of the 70% of organizations providing a dedicated budget for AI, 30% don’t have a specific budget line item for the data prep necessary for feeding AI models. That kind of oversight has led 81% of the 220 tech industry leader respondents to report at least one initiative hitting a bump in the road, even as 49% report that AI is widely used and deployed in their organizations. Why better data management is key.—EH |