The Real Cost vs. Benefit Dilemma of AI in Business

Author(s): John Adeojo

Originally published on Towards AI.

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Many of my clients are eager to harness the transformative power of Artificial Intelligence (AI) and Machine Learning in their day-to-day business operations. This enthusiasm is indeed exciting to witness. However, one recurring pattern I’ve noticed is the absence of an appropriate cost-benefit analysis.

Many seem to harbour misconceptions about the practical utility of AI and the associated costs. There is a commonly held belief that AI projects are the same as vanilla application development, but as we will soon learn the data aspect of AI complicates things.

There is a prevalent and rather wishful notion that… Read the full blog for free on Medium.

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Published via Towards AI