AI Today Podcast: Artificial Intelligence Insights, Experts, and Opinion

Why “Move Fast and Break Things” Doesn’t Work for AI [AI Today Podcast]

Jul 10, 2024

The podcast discusses why the 'Move Fast and Break Things' mentality does not work for AI projects, emphasizing the importance of deliberate planning and iterative success. It explores the high failure rates of AI projects and the need for a standardized methodology in AI implementation to avoid pitfalls and ensure success.

22:22

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Quick takeaways

Focus on non-technical aspects like purpose and beneficiaries is crucial for AI project success.

AI project management requires a strategic, deliberate approach over 'move fast and break things' mentality.

Deep dives

Challenges with the Silicon Valley Ethos

The podcast discusses the common focus on technology aspects of AI projects, neglecting crucial non-technical elements. It highlights the importance of answering questions regarding the purpose, beneficiaries, and sustainability of AI initiatives. Contrary to the Silicon Valley 'just do it' approach, the hosts emphasize the significance of considering the why, where, and who aspects of AI implementation beyond the technology itself.

Intro

2min

Failure Rates of AI Projects

8min

Strategic Planning and Real-World Implementation of AI Projects

4min

The Importance of Standardized Methodology in AI Implementation

5min

Emphasizing the Importance of Planning and Iteration for AI Success

2min

Move Fast and Break Things worked for high flying Silicon Valley startup megatech companies but it doesn’t work for AI projects. Between 70%-80% of AI projects are failing to meet their objectives. With stats like this, it’s clear that breaking things isn’t leading to success in AI. In this episode of AI Today hosts Kathleen Walch and Ron Schmelzer dig into this topic.

Continue reading Why “Move Fast and Break Things” Doesn’t Work for AI [AI Today Podcast] at Cognilytica.

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