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Generative AI Development Cost: What Businesses Need to Know Before Investing in 2024

I know that this post is basically just back link for https://www.antiersolutions.com/ but I'll dive in anyway.

    1. Trying to develop your own "AI strategy" is probably a mistake.

    If you were in a medium to large size company that just says, "Let's do AI," they're probably doing it wrong.

    2. AI can amplify individual performance. Strategize with your team, to get the tools that will help them the most

    if you empower each individual with an account on chatGPT subscription to Grammarly and a system with solid speech recognition, you will be able to amplify the contributions of individuals

    3. Any AI project should have a return investment or project completion date less than six months into the future

    In six months, there will be a new generation of AI that will probably make your current project seem trivial.

    4. Developing an AI strategy is like saying you want to develop a spreadsheet strategy. AI is a tool.

    5. Learn to use AI yourself as a thinking companion

    Depending on your role, you should probably replace 80% of your web searches with requests to AI. Over time, you will learn how to make AI do more and more for you.

    6. Train your employees to use it as well

    7. Use a standard knowledge, capturing system, like obsidian

    8. If you have the resources, create a librarian role. Even if you work alone, you'll need time to keep track of all the information.

    9. Unless you have very specific proprietary information, you probably do not need to manage or generate your own models. Use the public models.

    10. We are still in the very early stages of generative AI. It is difficult to imagine how much better it will be in six months, much less six years.

    11. After consciously working with AI as a thinking companion in your company for six months or a year, you could restructure to have teams that will work with AI to do things that were not possible six months before

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