Kwami Ahiabenu, PhD AI has become a defining force in our society, impacting our daily lives, transforming industries from healthcare and finance to education and manufacturing. While some organizations are far ahead with AI deployment, laggards are in the majority. As adoption accelerates however, organizations are grappling with a central challenge: how to balance the significant costs of deployment with the long-term gains AI promises. It is still the case in most instances that when AI deployment is being debated, little consideration is given to its benefits since the advantages are not immediately tangible or visible enough and are deemed to take a long time to materialize, making cost a dominate factor in cost benefit analysis. AI implementation costs generally fall into two broad categories: capital expenditures (CapEx) and operating expenditures (OpEx). CapEx includes upfront or long-term investments that are capitalized over time, such as on-premises ...
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