Challenges of AI Project Management

One of the significant challenges faced in managing AI projects revolves around demonstrating their return on investment (ROI). Many projects have been canceled due to an inability to clearly quantify potential savings in costs, time, and resources. This emphasizes the necessity for project managers to identify not just whether a project will work, but if it will yield substantial and measurable benefits when compared to existing methods. Additionally, ensuring the quality of data is paramount, as clean and usable data is critical for the success of AI applications, yet often founders encounter data that is neither accessible nor reliable.