How to Stop Losing Money on AI pilots: Three Mistakes and What to Do Instead

Over the past few years, the financial industry has been racing to implement artificial intelligence. Companies are increasingly buying models and signing contracts with vendors, but that yields little or a terrifying result. According to an MIT study published last year, 95% of corporate AI pilots have no measurable effect on сompanies profits. At the same time, the spending is skyrocketing, as it is estimated that last year the world spent 1.76 trillion dollars on AI, and in 2026 this figure is expected to grow to 2.59 trillion.

So the money poured in and the money returned seem to differ greatly, and costs are rising basically for nothing. However, the issue is not that the technology is weak. The AI models are becoming smarter each year, so much so that OpenAI decided to put its developments on hold so as not to go too far.

So, in this case, the real downside is the lack of an operating model that can effectively use these technologies. The scale of AI integration is so high that almost every fintech or traditional finance…