For a decade now, you’ve probably heard a lot about artificial intelligence, which is used to serve individuals, businesses, and different organizations. AlaaS (Artificial Intelligence as a Service) has become the need of the hour. Businesses use it for various purposes without investing a single penny.
It can be noted that there are also numerous people who find it hard to understand the concepts of ‘as-a-service’ technologies, which can be beneficial for different purposes.
AI has recently developed and entered different fields. Healthcare, robotics, nature conservation, the automobile sector, cybersecurity, and fintech are some common areas where artificial intelligence is taking the front seat and serving the experts in these niches.
So, if you are an individual or business owner who is curious about the upcoming trends in technology and finds it difficult to comprehend AIaaS, then you are in the right place. This blog is going to answer all your questions regarding artificial intelligence, its benefits, and how it is being used as a service. Not taking much of your time, let’s get started!
What Exactly Is Artificial Intelligence As A Service?
The meaning of AI-as-a-service is described in itself. “Artificial Intelligence as a Service” is a service that is outsourced by other companies or individuals to implement AI solutions without having to build those AI solutions. Businesses that do not wish to invest in developing their own AI-based solutions can opt for AIaaS via a third-party AI service provider.
Artificial intelligence, machine learning, deep learning, etc. are inevitable parts of the digital transformation. Integrating AI-powered solutions to enhance your business can give you a competitive edge over others, but how does AIaaS come into the picture here?
It is simple: to embrace digital change, you need AI solutions to perform human-like tasks and solve problems. However, you may not have the required capital to invest in building your AI-powered solution. This is where AIaaS comes into the picture. With AIaaS, you outsource a third-party AI-based solution provider and avail of ready-to-use AI services.
Benefits of AIaaS
If compared with any other as-a-service, AIaaS is no less than other technology as it works without costing large amounts. There are other benefits to AIaaS. Let’s take a look.
-
Low Cost
One of the major benefits of AIaaS is reduced costs. With AIaaS, you only have to pay for the services used which means you do not have to pay for unnecessary development costs. This has helped many small and medium businesses which don’t have hardware or software infrastructure and using AIaaS has been a boon to these businesses.
-
Easy to Use
By opting for AIaaS, businesses do not need to hire experts or in-house software to build and implement AI solutions. With a third-party AI service provider, it becomes easier to access ready-to-use AI solutions and implement them in any business process. These services can be implemented and maintained easily, which is why more enterprises are adopting AI technology solutions.
-
Drawbacks of AIaaS
AIaaS also has some disadvantages which leavesroom for improvement. Below are some drawbacks which no business should ignore.
-
Additional Costs
Though AI-as-a-service is a cost-efficient solution for a business in the long run you may have to incur extra costs to continue services from your AI service provider. As existing technologies keep updating and new technologies keep coming in to access them, extra costs must be incurred. On the flip side, even though you spend more on new AI advancements, it enhances your business’s profitability.
-
Security concerns
When you avail of AIaaS, you have to share valuable and confidential company data with your AIaaS provider. This can raise an alarm for security concerns and you have to ensure you have secure data storage and data access mediums.
-
Less transparency
In terms of transparency, AlaaS technology can be a bit confusing as you will be purchasing the service but not the access. Your knowledge while using AI will be limited to the input and output. What is happening in between will be unknown to you like which algorithms are used or updated. Therefore, because of this process, miscommunication or confusion might occur related to the output.
Which companies provide AI as a service?
There are several companies that have developed their own cloud AI tools, such as IBM Cloud, Google Cloud, Amazon Web Services (AWS), DataRobot, Microsoft Azure, and many more. All these companies have been serving startups for several years now by owning strong cloud platforms. Some of these software programs assist business analysts in building predictive analytics. Companies that provide AIaaS also use machine learning and deep learning, even language processing, for their customers.
The Future of AIaaS
Artificial Intelligence as a Service has a bright future in 2023 and beyond. AI-as-a-service helps businesses harness technologies such as machine learning, deep learning, or natural language processing. As more and more businesses opt for tech-powered solutions, integrating AI into their business operations will become a common practice. As the world technologically advances, businesses will more actively embrace and implement artificial intelligence solutions. AIaaS will give businesses the opportunity to access AI tools more flexibly.
According to Gartner’s report, it is estimated that by 2024, most of the 67% of routine work that is being done by managers will be dealt with by artificial intelligence. It appears that AI may replace many people’s jobs, but that doesn’t mean that it will ever replace humans.
Conclusion
Without deep knowledge of artificial intelligence, people can use AIaaS for multiple applications, which implies that to work on AIaaS, the person may not be an AI expert. On the other hand, you can note that data needs to be interpreted correctly, which can help in understanding the technology of how artificial intelligence works.
Earlier, people could only see the expansion of the AI industry, but the shortcoming of this technology is that it constantly demands improvements. By working on the services provided by AI, many organizations can improve and deliver their services and products to their customers in minimal time.