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The Real Cost vs. Benefit Dilemma of AI in Business
Latest   Machine Learning

The Real Cost vs. Benefit Dilemma of AI in Business

Last Updated on July 17, 2023 by Editorial Team

Author(s): John Adeojo

Originally published on Towards AI.

Book Online | Data-Centric Solutio

Image by Author: Generated with Midjourney

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

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