AI Pitfalls to Avoid: Why 80% of AI Projects Fail (And How to Fix Yours) - Nichehacks

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AI Pitfalls to Avoid: Why 80% of AI Projects Fail (And How to Fix Yours) - Nichehacks

AI is everywhere. Companies invest millions, expecting transformation, yet 80% of AI projects never surpass the pilot phase. What’s going wrong? It’s not the technology—it’s the implementation mistakes. A major real estate company lost $306 million because its AI model relied on flawed housing data. A banking fraud detection system dropped from 95% to 70% accuracy in just six months because it wasn’t retrained. An e-commerce brand launched an A…