The Opportunity to Transform Industries with AI
Today, there is no greater opportunity to transform your business for the future of innovation thanks to AI. Data collected from Accenture Vision Technology 2023 has shown that 98% of global executives agree AI foundation models will play an important role in their organization’s strategies in the next three to five years.
AI has become incredibly useful for businesses in fields such as retail, healthcare, and financial services due to its ability to enhance efficiency of tasks, drive innovation, and improve decision-making processes. However, despite the advantages, there is still a perceived barrier to entry when it comes to integrating AI due to some common misconceptions
You need a team of AI developers to get started:
While expertise in data science is still valuable for developing advanced AI solutions and understanding the underlying principles, it’s no longer a prerequisite. There has been a proliferation of user-friendly AI tools, platforms such as Hugging Face, and task-specific models that abstract away much of the complexity involved in developing AI solutions.
You need to spend tens of millions in hardware to get results:
This misconception severely undermines the diversity of AI resources available today. While these commonly known resources are often powerful and well-supported, they may not always be the most suitable or cost[1]effective choice for every business.
You need to work tirelessly to acquire accelerators:
While accelerators do excel on heavy AI workloads, businesses may not need that much compute power for their AI applications. Waiting for an excessively long period of time to get access to market leading accelerators also simply isn’t realistic. In many cases, AI-optimized CPUs can actually deliver the performance and efficiency necessary for producing AI assisted analyses and decisions in real time, and are a much more cost-effective and adaptable solution.