Lowering the Cost of Entry to the World of AI In a recent survey, executives from financial services organizations stated that the average successful AI project cost over $3.5 million (USD). That’s a lot to invest on a project, especially if AI is an unproven technology in your organization. If you’re an early stage fintech, it’s a pipe dream. So, do you really need millions of dollars to add AI to your decisioning? The answer is... it depends. If you choose to go it alone with your AI project and build all of the infrastructure, bring the talent in house, etc. then yes, your costs can quickly spiral. However, if you choose to work with a trusted partner instead, you could launch AI into your decisioning for an incremental monthly cost of just a few thousand dollars.
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