Generative AI consultants can help a business in various ways when it is correctly implemented and aligned with the goals and objectives. Here, we’ll discuss how AI consulting companies accelerate generative AI development and adoption in various organizations.
Artificial intelligence (AI) has become a must-have technology for businesses in today’s world. Most organizations use AI in some form. Tech giants are actively building AI tools from scratch, while others are adopting solutions and personalizing them to suit their objectives.
According to Statista, the AI market size is expected to be $244.22 billion in 2025, with a prediction to grow at a CAGR (compound annual growth rate) of 26.6% to reach $1.01 trillion by 2031.
Generative AI has taken the world by storm in the last two years and shows no signs of slowing down. Simply put, genAI is a type of artificial intelligence that can generate new content like text, code, images, audio, video, etc., for the given input. It is trained on massive datasets to recognize patterns and come up with an output based on this. Generative AI tools work as chatbots, text generators, multimedia creators, and so on.
Statistics show that the generative AI adoption rate has doubled to 65% between 2023 and 2024. Early adopters got returns for their investments. In fact, reports say the businesses received 3.7x times the amount they spent on GenAI. Another report shows that 29% of AI leaders implement genAI solutions in less than three months compared to others.
However, the question remains about whether you should hire consulting services for generative AI development or build an in-house team. Many businesses opt for expert consulting services as they accelerate genAI adoption and help them achieve their goals.
We’ll read more about it in this blog.
10 Ways Generative AI Consultants Accelerate AI Adoption
OpenAI’s technology is leveraged by 92% of Fortune 500 Companies. This shows that many business organizations prefer to use third-party solutions and generative AI consulting services to quickly adopt new technology. A reputed consulting company can accelerate AI adoption in many ways. Let’s look at some of them.
Experienced Expert Services
Generative AI projects require specific skills, knowledge, and expertise. Being a relatively new technology, many businesses find talent gaps in their organizations. Though you can hire AI engineers and build an in-house team, you have to consider several other factors like timeline, budget, talent availability, etc. However, it is easy to approach a genAI consulting company and hire their engineers to share their expertise. You can save the time and resources spent on recruiting and training. Moreover, when you choose a company that has already worked with other businesses to facilitate AI adoption by industry, you have greater chances of succeeding in the project and achieving your goals.
Strategic and Cost-Effective Solutions
The AI adoption roadmap has to be created strategically to ensure the processes, technologies, and tools selected to align with your business mission, vision, and objectives, as well as the industry standards. At the same time, you should work out the cost factors to prevent exceeding your budget. An AI consulting company offers different types of services and has a flexible pricing model to suit the varying needs of businesses. For example, you can choose to adopt genAI only in one department or project rather than implement it throughout the organization. Or, you could go with end-to-end AI adoption but roll it out in small stages every few months.
Knowledge Transfer
AI consultants don’t just do a job on your behalf. They share their knowledge with you and empower your employees to use new technology with greater efficiency. Knowledge transfer is a key part of skill development and digital transformation, and it can be done by partnering with consulting companies. This also keeps the costs down as you don’t have to develop an all-new training program for the employees. For example, the consulting company can provide tailored AI chatbot solutions and teach your employees how to use the chatbots for day-to-day activities. This eventually increases efficiency, productivity, and performance at work.
Access to Advanced Technology and Tools
New technology and tools are regularly released into the market. Organizations can find it hard to constantly upgrade or replace the software and systems, as it is highly expensive. However, relying on outdated solutions limits your productivity. You may worry about integrating generative AI with legacy systems and ask if consultants manage this complexity. Yes, they do!
Hiring a genAI consulting company helps gain access to the latest technologies without spending too much money. The experts will recommend the right tools for your business and integrate them with your legacy systems. Moreover, they already have access to the tools required to set up the infrastructure and monitor it. For example, the consultants may recommend you migrate to Google Cloud to access generative AI tools and customize them to suit your needs.
Risk Mitigation
Using custom generative AI comes with its share of risks, such as bias, privacy, intellectual property rights, etc. Moreover, you should ensure the entire system has enough security to prevent unauthorized access. After all, AI technologies deal with vast datasets which have to be safeguarded from cyberattacks and hackers. An AI consulting company will be used to handle such concerns and reduce risks without compromising efficiency. Selecting quality data for training, implementing multi-layered security, data encryption, remote data backup and recovery, etc., are some aspects the consulting company handles on your behalf. The consulting company will be proactive in identifying challenges and resolving them to optimize ROI for your business.
Simplifying Complexity
If you are yet to start your digital transformation journey, there’s a lot to change in your business. Many systems and processes have to be revamped. New workflows and data pipelines have to be built, optimized, and automated to collect data, store it, and use it for various real-time queries. The entire AI adoption framework is highly complex, confusing, and sophisticated. There’s a high risk of error, which could spiral into losses if things go out of control. All such issues can be avoided by hiring an experienced genAI consulting company to work on the project from end to end. The consultants will bridge the talent gap and create robust cloud solutions to meet your requirements.
AI Governance and Compliance Management
AI governance is the framework of controls, policies, and processes followed by a business when adopting and implementing artificial intelligence technologies. This is compulsory as it ensures the ethical use of AI. Compliance, transparency, fairness, data security, data privacy, etc., are taken care of by the AI agent development company that offers end-to-end consulting services to your organization. Responsible AI innovation results in a sustainable and reliable business model, preventing legal complications and lawsuits for your business. Since the consulting companies already have experience in regulatory compliance, they can easily create an AI governance framework that aligns with your goals.
Enabling and Empowering Change
Change is a huge part of generative AI adoption. It redefines how employees perform their daily tasks, make data-driven decisions, and collaborate with others. Introducing change into the work environment can be stressful due to resistance from employees. Such concerns can be effectively handled by partnering with an AI consulting company. The experts from the service provider can work with the top management to assure employees of the benefits of new technology by discussing generative AI examples and use cases. This reduces friction and eases the way for organizations to embrace change.
Performance Monitoring
Implementing genAI tools in the business is not the end of the AI adoption strategy. You should monitor how the new systems work, whether they are accurate and productive, the resources consumed, ROI, etc. This requires continuous performance monitoring to measure if the results meet the KPIs/ metrics. Who will monitor the systems and solutions? How will the KPIs be measured? This is also handled by the AI consulting company. The experts will develop dashboards to automate performance monitoring, tracking, etc., to generate regular reports and make necessary adjustments to keep the systems always aligned with your objectives.
Continuous Support and Upgrades
The consulting company also provides long-term support services and periodically upgrades the systems to ensure flexibility, scalability, and adaptability. So, how do generative AI consultants support continuous improvement and updates after the initial AI rollout?
Simple! They do it through performance monitoring and optimization, priority troubleshooting and support, etc. When a new version of an existing software is released, they determine the best way to integrate it with your systems without disrupting the workflow.
Generative AI Consulting Vs. In-House AI Adoption
A common question businesses ask is about the difference between hiring generative AI consultants and in-house AI adoption.
Simply speaking, in-house AI adoption is when you build a team of internal employees (with existing ones or after hiring new ones) to handle the project. The resources, time, money, etc., will be yours. The team will act as decision-makers. This is usually a game of trial and error, especially if there’s a talent gap within the enterprise and the team doesn’t have the required expertise. It is a high-risk process, time-consuming, and cost-intensive. Tech giants prefer in-house solutions as they already have the required infrastructure for it.
However, if you want to avoid costly trial-and-error, here’s how you ensure that in my AI adoption roadmap.
Hire one of the best AI development companies as an end-to-end consulting partner. There won’t be a need to recruit new employees. The consulting company will use its resources to develop and deploy the AI solutions. The AI consultants will create the strategic framework and assist you at every stage to implement it as per your needs. The entire process can be accelerated as there are fewer risks or errors. You will also save money since the consulting companies have different pricing models to choose from. You can also ensure data privacy and confidentiality by asking the service provider to sign NDAs.
The only aspect to consider is the company you choose. Find your business a reliable AI consulting partner and accelerate AI adoption!
Conclusion
Effective development and implementation of genAI requires expertise and specialized knowledge provided by reputed service providers in the global market. Take time to find the best company offering tailored generative AI consulting services at cost-effective prices. Make your systems more flexible, agile, and scalable to gain a competitive edge and increase ROI. Navigate the complexities of the AI world with ease!
More in Generative AI Services Providers
Generative AI development services vastly vary based on business requirements and industry standards. Custom generative AI tools and solutions can automate several business processes on a large scale and optimize efficiency. From the pharma industry to finance, EdTech, IT, and others, almost every organization can benefit from generative AI adoption.
Check out the below links to learn more about generative AI services.
- Generative AI Services – Do’s and Don’ts While Integrating GenAI
- Generative AI Services vs. Traditional AI – The Intelligent Choice?
- 5 Top Consulting Firms for AI Adoption in the US Tech Startups
Fact checked by –
Akansha Rani ~ Content Creator & Copy Writer
