Description
Controlling Costs: Strategies to Prevent AI Project Budget Overruns
AI projects are notorious for exceeding their budgets, with studies showing that up to 60% of enterprise AI initiatives experience significant cost overruns. The complex nature of AI development, combined with hidden costs and unexpected challenges, can quickly transform a promising project into a financial burden.
Understanding and implementing effective budget management strategies is crucial for maintaining the financial health of AI initiatives while ensuring they deliver expected value. Here are proven methods for identifying, preventing, and addressing budget overruns throughout the AI project lifecycle.
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