Forbes October 8, 2024
Naveen Zutshi is the CIO of Databricks.
Since generative AI (GenAI) went mainstream two years ago, it’s created what many have called an AI “gold rush,” adding as much as $7.9 trillion to the global economy, according to McKinsey researchers. Opportunities are ubiquitous, but so are the chances of failure if it’s not executed properly.
Companies are under intense pressure to prove ROI and business impact with their investments. According to Gartner analysts, “At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value.” The fear of projects ending up in the experimentation graveyard can cause some...
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