Artificial Intelligence: To Do IT or To Buy It? There is the question. – Medium

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Artificial intelligence (AI) is becoming more and more common in businesses today. Many companies are looking to add AI capabilities to improve their operations. When it comes to getting AI, companies have two options:

Deciding whether to buy or build AI is an important choice. This article will explain the pros and cons of each option. It will also share real-world examples and best practices to help you make the right decision for your business.

Off-the-shelf AI products are pre-made algorithms and models sold by technology companies. Some well-known examples include:

These are generic AI tools and platforms that anyone can license and use. For instance, ChatGPT is a conversational AI chatbot. Companies can incorporate ChatGPT into customer service to automate conversations.

The main benefit of off-the-shelf AI is that its quick and easy to implement. You dont have to build anything custom just integrate the AI product into your tech stack and go. Off-the-shelf AI is also usually less expensive upfront since you avoid large development and data labeling costs.

On the other hand, some companies decide to build their own custom AI systems tailored to their specific needs. For example, an industrial manufacturing company might build custom AI to optimize its production processes.

Building your own AI has a few key steps:

Although this requires more technical expertise and effort, the benefit is you get an AI system fine-tuned

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Artificial Intelligence: To Do IT or To Buy It? There is the question. - Medium