Short Summary
The video discusses the challenges and costs associated with Generative AI (Gen AI), addressing the misconception that it is free. Experts Rebecca Gott and Penny Madsen explore the key factors contributing to the expenses involved in implementing AI solutions within businesses.
Key Points
- Generative AI is often perceived as free, but significant costs are involved in real-life implementations.
- Companies need to invest time and resources to collect the right data and develop effective AI models.
- Infrastructure costs, including network expenses, play a major role in AI expenses.
- Businesses should evaluate whether they need Gen AI specifically or if standard AI solutions would suffice.
- Security is an important consideration during AI implementation and should not be an afterthought.
- Flexibility in accessing different environments and capabilities is crucial for businesses looking to leverage AI.
- Companies should focus on education and understanding possible use cases to maximize the benefits of AI.
- Proof of concepts in AI typically demonstrate about a 50% return on investment, highlighting the potential gains for businesses.
- The AI landscape is constantly evolving, and companies must adapt to remain competitive.
Youtube Video: https://www.youtube.com/watch?v=xerfuLpaApk
Youtube Channel: IBM Technology
Video Published: 2024-10-08T11:01:06+00:00
Video Description:
Learn more about AI Infrastructure , → https://ibm.biz/BdaYHY
Learn more about Hybrid Cloud → https://ibm.biz/BdaYHz
Learn more about IBM Concert → https://ibm.biz/BdaYHq
Generative AI can be expensive. Host Albert Lawrence discusses both the obvious as well as hidden costs of deploying AI with Rebecca Gott, CTO IBM Power Systems and Penny Madsen, Senior Director of Research, IDC. Learn about the best ways to control costs as well get insight into some of value and ROI that firms are experiencing with early deployment. This hard-hitting episode tells it like it is when it comes to the challenges of cost for AI, supported by rich set of research data and wealth of client examples.
Learn more about costs, and control and how to leverage, instructure, and hybrid cloud to to control costs.
AI news moves fast. Sign up for a monthly newsletter for AI updates from IBM → https://ibm.biz/BdaYHP