Artificial Intelligence Outsourcing: Pros and Cons in 2023
The benefits of artificial intelligence for businesses include improved efficiency, productivity, customer service, and decision-making. However, most corporate IT departments need external experts to implement AI technologies. And that’s where AI outsourcing companies step in. According to Deloitte Global Outsourcing Survey 2022, 94% of businesses use service providers to advance their AI/ML technology.
This article will share the experience of GetTrusted to explore the pros and cons of artificial intelligence outsourcing in 2023. GetTrusted connects company owners with their niche’s top verified software development partners. We assist our clients in utilizing AI-driven technologies matching their particular requirements and business objectives.
What Is AI Project Development Outsourcing?
Outsourcing AI development is hiring external experts, typically from third-party companies, to handle various AI implementation aspects. It includes data collection, algorithm design, model training, and deployment.
Outsourcing decreases the workload of creating and maintaining an internal AI team. When outsourcing AI-related tasks, companies tap into specialized expertise, save time, reduce costs, and focus on their core competencies.
Why Your Company Should Outsource Machine Learning Tasks
Machine learning (ML) is an application of artificial intelligence services for recognizing data patterns without explicit programming. ML applications include forecasting, text and image recognition, data classification, and anomaly detection. Let’s look closer at the core advantages of ML outsourcing.
- Improving customer experience. Outsourcing ML tasks provides businesses with advanced AI algorithms for personalized customer experiences. AI-powered recommendation systems suggest products, services, or content based on individual preferences.
- Providing insightful business analysis. AI outsourcing involves skilled data scientists. Such professionals conduct an in-depth analysis of business operations and market trends.
- Adjusting business processes. ML outsourcing automates repetitive tasks, streamlines workflows, and improves operational efficiency. External AI experts identify bottlenecks to optimize business procedures. This way, companies save costs and increase productivity.
- Creating Forward-Thinking Solutions: External AI developers often bring fresh perspectives and create a culture of innovation. With their help, businesses develop groundbreaking solutions that transform industries and push boundaries.
What is the Difference Between Outsourcing and In-House Development?
What are the pros and cons of artificial intelligence outsourcing? Let’s evaluate this approach by comparing it to in-house development. Here are the key determining factors.
| Outsourcing AI Development | In-House AI Development | |
| Cost | You pay only for the provided services and avoid the upfront costs of hiring and training in-house staff. | You need substantial hiring, training, and infrastructure investments. |
| Access to Expertise | You get access to a global talent pool of skilled and experienced AI developers. | You’re limited to the expertise of your in-house team. |
| Scalability | You can scale AI initiatives based on project requirements, adapting to changing needs quickly. | The scalability is limited, as expanding an in-house team requires more time. |
| Time-to-Market | Experienced external teams accelerate time to market. | The development cycles are longer due to the need to build expertise. |
| Risk Mitigation | A company shares risks with the external service provider, reducing potential failures or setbacks. | You are fully responsible for the project’s success. |
| Data Security | Outsourcing requires robust data protection measures and protocols. | In-house teams maintain complete control over data security. |
| Communication | This approach requires effective communication between the company and the external team. | This model allows for direct management and communication. |
Pros of Artificial Intelligence Outsourcing
So, what are the benefits of artificial intelligence outsourcing for businesses? Companies improve safety, acquire helpful insights, and perform better thanks to external AI/ML experts. Let’s consider the most significant advantages of AI outsourcing.
- Access to specialized expertise. AI development requires a deep understanding of complex algorithms, data science, and machine learning models. With outsourcing, companies access highly specialized skills and knowledge.
- Cost savings. Outsourcing eliminates substantial hiring, training, and infrastructure investments required when developing an in-house team.
- Faster time to market. External AI development teams use the latest technologies and best practices. As a result, they implement and deploy AI solutions more swiftly.
- Safe and effective data management: External AI developers protect your company’s data and sensitive information. They implement proper and systematic management, organization, and data storage.
- Scalability. AI outsourcing allows scaling your AI initiatives depending on project requirements.
Cons of Artificial Intelligence Outsourcing
Before outsourcing AI development, consider the most significant risks to prevent bottlenecks and budget losses.
- Communication challenges. Effective communication with the external team is important for project success. Language barriers and time zone differences can pose challenges for your collaboration.
- Data security and confidentiality concerns. Sharing sensitive data with external parties may cause particular issues. Thus, ensure your service provider is trustworthy and implements robust data protection measures.
- Integration issues: Integrating outsourced AI solutions with existing systems is often complex. It requires seamless coordination to ensure compatibility.
Why Outsourcing AI Development Makes Sense
Considering the pros and cons of artificial intelligence outsourcing, you can see that it is a viable option for a modern business. Knowing how to avoid pitfalls and mitigate risks, you can fully grasp the advantages of AI development outsourcing. And choosing a trustworthy provider is key to preventing issues associated with outsourcing AI development.
A reputable AI outsourcing company prioritizes quality and performance. It guarantees you can distribute AI development risks across the external service provider. Additionally, signing agreements and establishing clear communication channels maintain accountability, leading your project to success.
How To Outsource Machine Learning
Outsourcing machine learning involves four critical steps. Let’s explore them in more detail.
- Defining Requirements
Analyze the issues ML-driven solutions may tackle. Set corporate objectives and technical requirements. Consider specifying your project’s details in the form on the GetTrusted website. We will arrange a call to review your needs in detail. You will get a project’s budget and timeline estimate within 48 hours after the call.
- Selecting the Right Outsourcing Provided
Research potential outsourcing partners and thoroughly investigate them. Check their portfolios, client reviews, and case studies. Look for experience in relevant industries and technologies. GetTrusted will connect you with the top three Al/ML development agencies with a strong track record in your domain. We don’t work with freelancers to ensure the highest quality and reliability.
- Kickstarting the Project and Monitoring It
Share all project information with your vendor. It includes your product vision, technical requirements, and training and testing data sets. Schedule regular one-on-one meetings or check daily and weekly progress reports to monitor the development process. GetTrusted will select trusted vendors based on your location and timezone. This way, we enhance communication and accountability throughout the development.
- Testing and Maintaining Your ML Solution
Conduct acceptance testing to confirm that every feature functions as intended. Ensure your ML solution has post-development support. It‘s necessary to keep it operational, troubleshoot unforeseen issues, and add new capabilities. GetTrusted provides an escrow service to check the quality of the vendor’s work and charges only after you approve the result.
Outsource AI Development Risk-Free with GetTrusted
Growing artificial intelligence applications make outsourcing AI development an attractive option for more businesses. Outsourcing provides access to niche expertise, cost savings, and faster time to market. Achieve a competitive edge in your domain by carefully weighing the pros and cons of artificial intelligence in business. And remember that finding a trusted AI development agency with solid expertise is key to successful outsourcing.
GetTrusted will help you find a reliable AI development partner to incorporate innovative AI-driven technologies into your business processes. We will connect you with the top three verified AI development agencies within your budget and schedule. Then, the chosen team will provide high-quality work vetted by our escrow service. GetTrusted works only with reliable agencies and outsourcing providers to achieve superb quality. We don’t host any individual freelancers on our platform.
Contact us today to discuss your business requirements and outsource risk-free!
