Book Image

Creators of Intelligence

By : Dr. Alex Antic
Book Image

Creators of Intelligence

By: Dr. Alex Antic

Overview of this book

A Gartner prediction in 2018 led to numerous articles stating that "85% of AI and machine learning projects fail to deliver.” Although it's unclear whether a mass extinction event occurred for AI implementations at the end of 2022, the question remains: how can I ensure that my project delivers value and doesn't become a statistic? The demand for data scientists has only grown since 2015, when they were dubbed the new “rock stars” of business. But how can you become a data science rock star? As a new senior data leader, how can you build and manage a productive team? And what is the path to becoming a chief data officer? Creators of Intelligence is a collection of in-depth, one-on-one interviews where Dr. Alex Antic, a recognized data science leader, explores the answers to these questions and more with some of the world's leading data science leaders and CDOs. Interviews with: Cortnie Abercrombie, Edward Santow, Kshira Saagar, Charles Martin, Petar Veličković, Kathleen Maley, Kirk Borne, Nikolaj Van Omme, Jason Tamara Widjaja, Jon Whittle, Althea Davis, Igor Halperin, Christina Stathopoulos, Angshuman Ghosh, Maria Milosavljevic, Dr. Meri Rosich, Dat Tran, and Stephane Doyen.
Table of Contents (23 chapters)
1
Chapter 1: Introducing the Creators of Intelligence

Understanding why projects fail

AA: We often hear statistics being thrown around about projects failing in organizations. We could delve deeper and discuss what they mean by “failure,” but if we just take that as a given, do you think this is a reality in many organizations, and if so, what’s the reason for this?

CS: I do hear this statistic a lot. It is usually stated that 80 or 90 percent of data science projects fail, and I believe it is a pretty good representation of reality.

I think it comes down to many different factors. Again, it depends on how we define failure.

I don’t like the word “failure” because, usually, you learn from your mistakes, so it is not a complete failure.

When you fail, you should learn from what you did wrong and implement changes to be successful the next time around. If you do it that way, then it is not really a failure – it is a learning journey and a benefit for you and the company.

Usually...