Don’t Get Burned by Early AI Adoption

Author(s): AI Rabbit

Originally published on Towards AI.

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It seems like every company is talking about AI these days. The excitement is understandable — AI has the potential to transform how businesses operate. However, it’s crucial to approach AI investment strategically. This isn’t just about keeping up with the latest trends; it’s about making smart decisions that actually benefit your business in the long run. And a big part of that is understanding the full cost of diving into AI, especially if you’re thinking about building your own solutions.

When companies decide to use AI, they’re faced with a fundamental choice: should they develop custom AI solutions tailored specifically to their needs, or should they purchase existing, off-the-shelf AI products? This “build vs. buy” dilemma isn’t just a technical question. It has far-reaching implications for how you allocate your resources, how quickly you can implement AI, and ultimately, how successful your AI strategy will be.

Let’s imagine a consulting company that’s considering a significant investment in building an AI-powered system to automate the creation of proposals and tender responses. On the surface, it seems like a great idea. Proposals are time-consuming, and AI could potentially save a lot of… Read the full blog for free on Medium.

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Published via Towards AI