Artificial Intelligence as a Service: Democratizing Artificial Intelligence with AI as a Service
AI as a Service is proving to be a boon
for SMBs in terms of bridging the gap that existed between enterprise-scale
organizations and SMBs
Artificial intelligence as a service is
provided by the third-party as an outsourced service. It facilitates the
organizations and people for exploring various kinds of avenues for different
purposes with less investment for initial installation and consists of low risk.
Most smart vendors, whether professional service firms, software firms, or
consultants collaborate or offer with firms which can provide a complete suite
of services to support a large-scale artificial intelligence solution.
Growing cloud adoption has ushered in an
era where businesses of all sizes have equal and fair access to advanced
computing capabilities. Digital revolution has broken the entry barriers that
had until now prevented small and medium businesses from accessing the benefits
of advanced technology available to large organizations. One such innovative
service is artificial intelligence as a service.
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The global artificial intelligence as aservice market size (AIaaS Market size) is expected to reach $77,047.7 million in 2025, from $2,397.2 million in 2017, growing at a CAGR of 56.7% from 2018 to 2025.
World Class Resources at Affordable Costs
World Class Resources at Affordable Costs
Cloud providers have begun offering
artificial intelligence as a service, making it possible for SMBs to bridge the
infrastructural chasm that existed between enterprise-scale organizations and
SMBs. This democratization of AI makes it possible for the SMBs to access
automated and semi-automated cloud-based artificial intelligence services in
order to fuel business growth and increase revenues.
Cloud providers are aware of the
financial limitations that SMBs face. In order to make AI as a Service
accessible and affordable for the SMBs, cloud providers have come up with an
innovative solution in the form of pay-per-use. What this essentially means is
that while SMBs have access to unlimited resources and can avail of the
automated production capabilities to develop artificial intelligence
algorithms, they only pay for the resources they actually use. This enables
SMBs to use cutting-edge technology resources even when they do not have deep
pockets.
Leading
the Way
The key players influencing the
Artificial intelligence as a service market are Microsoft Corporation, Google
LLC, Amazon Web Services Inc., IBM Corporation, Fujitsu Ltd., DATAIKU,
Salesforce.com Inc., SAS Institute Inc., SAP SE, and Intel Corporation.
These organizations are offering free
tools that enable developers to leverage pre-built algorithms and models to
develop and deploy custom models. Taking a cue from these tech giants there are
numerous start-ups that have also begun offering similar solutions.
Innovative practices pushing
democratization of artificial intelligence have disrupted the way businesses
operate. It is now up to the businesses to leverage the power of this
technology and offer differentiated services to gain a competitive advantage.
Source: The Insight Partners
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