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An excellent article even if you don't know anything about machine learning, to understand the basics of why it fails.
The other reason: as you can see here, our ability to build the classifier depends on a) lots of data; and b) that data not being obsolete.
In my experience, it turns out that ML fails to meet our needs in situations where data is not plentiful and/or the situation changes such that yesterday's data/classifier are not relevant to today. This article will help you to visualize what I mean by that. For this reason, we tend to "look under the lamp post" for ML use cases. There are a lot more places we'd like to use data for which these "lamp post" conditions aren't true. And so ML doesn't just fail, it doesn't even try.