Choosing between building or buying Generative AI isn't a coin toss

Investing in Data Infra, GenAI learning resources, Resume Format

Author

Himanshu Ramchandani
December 11, 2023 • Estimated Reading Time: 5 minutes

Welcome Back, Hero!

It’s been a long time since we last met. I appreciate the patience you have.

If you are building or buying Generative AI, today’s content is for you.

Happy Learning!

Are you a leader/product manager working on the Technical aspect of ML, MLOps, or GenerativeAI → Roadmap & Self-Paced course

Today’s Content →

  • How to Leverage Data, Products & AI for Your Business 🏢 
    Choosing between building or buying Generative AI isn't a coin toss❌

  • 1 Action Tip from Data Experts for Leaders 🎬 → Are you Investing in Data Infrastructure?

  • For Developers 🧑‍💻 → Generative AI Learning resources

  • Career & Job in the AI field 🚀 → Resume Format FREE

How to Leverage Data, Products & AI for Your Business 🏢

Choosing between building or buying Generative AI isn't a coin toss❌

Generated by Midjourney

It's a strategic move!

Ask these questions to make better decisions.

1 — What tasks do you want AI to handle?
Is it customer service, data analysis, or product development?

Understand the complexity.

It’s obvious that if you want to build, you need manpower. Working on LLM from scratch is time-consuming, needs in-depth research, and huge data.

3 — Do you have the necessary resources - manpower, knowledge, and time - to build your AI?

4 — Or would it be more cost-effective and valuable to buy?

If you are going for AI vendors, gain a clear understanding of what the market offers. Vendors generally work on sub-niche, which means on specific problems.

5 — Will building or buying AI offer you the best value in the long run?
What’s the ROI?

If you build

Why building LLMs are so costly?

  • Data

  • AI super Compute

  • Talent/Skills

All these things are expensive as data is available but is it ready to be fed into a neural network?

Can you access servers, GPUs, and TPUs to process LLM models?

Finding Talent and skills to handle LLM is also expensive and the process of building those models is complex.

After answering these questions you will be able to better decide whether to buy or build AI for your business.

PS → Ask your questions related to GenerativeAI or Discuss in the community. (Discord Community)

We provide Data Engineering Services and Consultation

1 Action Tip from Data Experts for Leaders 🎬

Are you Investing in Data Infrastructure?

Allocate resources to build a robust data infrastructure that can efficiently collect, process, and analyze data.

Implement tools and technologies that facilitate easy access to data for decision-makers at all levels.

All the best!

For Developers 🧑‍💻

Learn Generative AI for FREE → A curated list of modern Generative Artificial Intelligence projects and services.

Career & Job in the AI field🚀

Resume Format → Make a copy and create your resume for FREE

Access the Resume format for FREE below - Himanshu Ramchandani

Your resume order should be like this →

  • Work Experience

  • Project and Portfolio

  • Leadership and Skills

  • Education

  • Extras

Community & Connections🚀

Join 25,000+ data professionals on LinkedIn → Himanshu Ramchandani

Until next Week!

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