AI FOMO, Shadow AI, and Other Business Problems

The AI industry is showing signs of a slowdown, with many businesses struggling to find value in their AI initiatives. Citing an MIT report, only 5% of corporate AI projects generate meaningful value, often due to executive "FOMO" and a lack of strategic planning. This leads to the rise of "Shadow AI," where employees use unapproved public AI tools, creating significant security and data privacy risks. Successful AI adoption requires treating it as a specific tool rather than a magic wand and considering the significant environmental costs of failed projects.