SMRTR AINov 18, 2024Forbes

Predictive AI Usually Fails Because It’s Not Usually Valuated

SMRTR summary

A new paradigm in machine learning is needed to boost enterprise predictive AI project success rates. Many deployments fail due to insufficient pre-launch stress testing focused on business performance. Industry professionals advocate using concrete business metrics like profit and savings to evaluate AI models, rather than just technical metrics. This shift requires data scientists to engage with complex business realities. Quantifying the business value of predictive AI, including both benefits and costs of errors, is essential for stakeholders to make informed deployment decisions.

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