India, Jan. 27 -- Forrester Research recently released a report entitled, Shatter the Seven Myths of Machine Learning. In it, the authors warn, "Unfortunately, there is a pandemic of ML misconceptions and literacy among business leaders who must make critical decisions about ML projects."

When executives and managers talk about AI and machine learning, they sometimes make factual mistakes that reveal their true level of knowledge. Forrester senior analyst Kjell Carlsson, who is the lead author of the report, said in a recent interview that he's heard audible sighs over the phone when experts hear what lay people have to say.

"When the head of product says something like, 'We're using reinforcement learning because we're incorporating us...