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Why 95% of AI Projects Fail: Model Risk & AI Governance | Sandip Wadje, BNP Paribas
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Why do 95% of enterprise AI implementations fail? According to Sandip Wadje , Managing Director at BNP Paribas, many organizations attempt complex reasoning tasks on day one rather than building a mature foundation around data hygiene and simple summarization workflows. In this episode, Ashish sits down with Sandip to explore how global financial institutions navigate Model Risk Management (MRM), GenAI governance, and regulatory expectations across regions like the UK, EU, and US. Sandip breaks down why classical 20-year-old MRM frameworks fall short when applied to non-deterministic black-box LLMs, and why security leaders must focus on output drift and event taxonomies rather than just…