Myth 6: AI is only for large enterprises.
Posted: Sun Jan 19, 2025 10:50 am
As companies touting AI technologies have been known to attract more attention and funding, it’s easy to see why people might think AI is overhyped. The constant buzz and flashy promises can make AI seem like just another trend.
Reality
But this is untrue. AI, like many transformative technologies, has come to stay.
image3-Oct-22-2024-05-13-09-6596-AM
Image Source
AI has already made a significant impact across various industries, from bangladesh whatsapp number database healthcare and finance to transportation and customer service. It’s driving real advancements in areas like drug discovery, predictive analytics, and autonomous systems. Yes, the noise may become deafening, but the key is to separate genuine progress from exaggerated claims.
image4-Oct-22-2024-05-13-09-6950-AM
Image Source
Integrating AI into existing applications or building an AI solution from scratch is a cost-intensive process, and that much is not a lie.
This McKinsey report reveals that one training run for an AI model can cost anywhere from $4 million to $200 million, while maintaining the model can cost between $1 million to $4 million.
These costs, as well as the complexities and infrastructure required, are assumed to be within the reach of only big corporations and not smaller businesses.
Reality
But this is untrue. AI, like many transformative technologies, has come to stay.
image3-Oct-22-2024-05-13-09-6596-AM
Image Source
AI has already made a significant impact across various industries, from bangladesh whatsapp number database healthcare and finance to transportation and customer service. It’s driving real advancements in areas like drug discovery, predictive analytics, and autonomous systems. Yes, the noise may become deafening, but the key is to separate genuine progress from exaggerated claims.
image4-Oct-22-2024-05-13-09-6950-AM
Image Source
Integrating AI into existing applications or building an AI solution from scratch is a cost-intensive process, and that much is not a lie.
This McKinsey report reveals that one training run for an AI model can cost anywhere from $4 million to $200 million, while maintaining the model can cost between $1 million to $4 million.
These costs, as well as the complexities and infrastructure required, are assumed to be within the reach of only big corporations and not smaller businesses.