Outsourcing AI development to an external team can also be more cost-effective than hiring and training a team in-house. This is especially beneficial for small and medium-sized businesses that may not have the budget to build and maintain an internal AI team. By outsourcing AI development, these companies can still take advantage of the latest AI technologies and advancements, without incurring the high costs associated with building an internal team. This includes costs such as hiring, training, and retention of AI engineers and data scientists, as well as costs associated with maintaining the necessary infrastructure and tools.
In addition to this, working with an external AI team can also give companies access to specialized talent that they might not be able to find in-house. This is especially true for new or emerging AI technologies, such as reinforcement learning, robust AI, generative models, and explainable AI, which may require specialized skills and expertise.