Forbes has published an article by Yuri Gubin, Chief Innovation Officer at DataArt, exploring how companies can make AI work by aligning innovation with ROI, focusing on cost control, measurable results, and strategies like rapid prototyping and scaling based on user feedback.
“Without a clear plan, costs can spiral quickly. To get the most out of AI while staying within budget, companies must be strategic, mindful of resources and focused on delivering measurable outcomes. It all starts with two approaches to balance innovation with cost control.”
“Most companies aren't building foundational models but instead create applications using third-party APIs or hosted models. The challenge lies in measuring effectiveness.”
“Poorly designed infrastructure can lead to excessively high costs, with single queries sometimes reaching $700 to $800, having dozens of vector DBs each only 10% utilized or data warehouses that are cost-prohibitive.”
“AI has the power to reshape industries, but it's not a free pass to experiment without limits. The most successful companies strike a balance between bold ideas and practical resource management. They focus on what matters, stay mindful of costs and use feedback to refine their approach.”
Read the full article here.
