The cost of implementing and using Artificial Intelligence is getting cheaper and cheaper every day. It is used everywhere around us right from the chatbots all the way to data analysis systems that help revolutionize businesses across the globe. Analysts predict that the expenditure on AI systems will go over $60 billion in the next couple of years. In 2020, a custom AI solution can cost from $6000 all the way to $300,000 per solution while a third party software can cost up to $45000 per year. There are a variety of factors that influence the pricing - right from the AI type which includes chatbots, analysis syemts, virtual assistants, and more. Project types also have an impact on the pricing and the use of an AI system. Additional factors that have to be considered when investing in a solution that involves AI have to do with Data format, Data Storage, Processing Speed, and more.
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