AI cost driver
Companies are increasingly using artificial intelligence to optimize their operational efficiency and product innovation. A recent survey shows that 40 percent of companies surveyed want to increase their investments in AI technologies due to rapid advances in generative AI. However, a downside to its increasing use is that AI - particularly generative AI - is computationally intensive and costs increase with the amount of data on which the AI models are trained. There are three main reasons why AI can quickly become a cost driver without proper control: AI consumes additional resources: Execution...