I completely agree with this. Let me add a non-US perspective that may surprise some people.
I think a big part of what is holding back many companies from making effective, genuine, real-world use of AI is that a significant majority of the individuals involved are bad at their jobs.
On the business side, there is an widespread unwillingness to acknowledge that technical people may be better placed to make decisions than businesspeople. In my view, this includes things that would traditionally be considered business decisions. The business is unwilling to transition from "working on the solution to the problem" to "working on the AI system that solves the problem" (assuming that they even understand what "the problem" is).
On the technology side, I see a massive oversupply of badly underqualified and generally ignorant "data scientists" and "ML engineers" who have just enough bootstrapped understanding and familiarity with the plethora of (absolutely fantastic) open-source tools to fake an entry into the area, but do not have the genuine depth of background that is needed to actually plan, design, and deliver a high quality solution.
Yes, I have met people without "credentialed" backgrounds who are very good indeed, and yes I have met forward-thinking business people, but the number of people who are in these categories is a tiny fraction of the number of people who think they are in these categories.
And that's why businesses are getting less keen on AI.
EDIT: Grammar.
I think a big part of what is holding back many companies from making effective, genuine, real-world use of AI is that a significant majority of the individuals involved are bad at their jobs.
On the business side, there is an widespread unwillingness to acknowledge that technical people may be better placed to make decisions than businesspeople. In my view, this includes things that would traditionally be considered business decisions. The business is unwilling to transition from "working on the solution to the problem" to "working on the AI system that solves the problem" (assuming that they even understand what "the problem" is).
On the technology side, I see a massive oversupply of badly underqualified and generally ignorant "data scientists" and "ML engineers" who have just enough bootstrapped understanding and familiarity with the plethora of (absolutely fantastic) open-source tools to fake an entry into the area, but do not have the genuine depth of background that is needed to actually plan, design, and deliver a high quality solution.
Yes, I have met people without "credentialed" backgrounds who are very good indeed, and yes I have met forward-thinking business people, but the number of people who are in these categories is a tiny fraction of the number of people who think they are in these categories.
And that's why businesses are getting less keen on AI.
EDIT: Grammar.