Why businesses must avoid ‘AI FOMO’ at all costs



Many consider the dawn of AI as marked by ChatGPT’s rapid success, however AI’s evolution did not happen overnight, and the opportunities it offers will not vanish tomorrow.

The AI hype has led many firms to succumb to “AI FOMO” and rush into adoption without a clear strategy. AI FOMO has caused many businesses to make impulsive, short-term decisions which lack the strategic foresight on how best to leverage AI for sustained success. With research revealing over 80% of AI projects fail – now is the time for businesses to avoid being swept up by the AI hype. Instead, businesses should ground their approach in a thorough understanding of this transformative technology.

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