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AI ACTIONS COSTS EXAMPLE HOW TO
AI ACTIONS COSTS EXAMPLE SOFTWARE

The team will use reputed tools and frameworks like IDEs and test automation frameworks during this project.You will use application programming interfaces (APIs) to implement key AI capabilities.This project will utilize a Mobile-Backend-as-a-Service (MBaaS) platform for mobile app development.

You will use a Platform-as-a-Service (PaaS) platform for developing the web app.

I make the following assumptions for the estimation exercise:

AI ACTIONS COSTS EXAMPLE SOFTWARE

field expert software development teams”. I have explained this decision-making process earlier in “ Freelance app development team vs. If you are weighing between hiring freelancers vs a field expert development team, I recommend a field expert development team, given the project complexities.

Web, Android, and iOS developers assuming you will offer the AI app on web and mobile.

AI developers, covering capabilities like ML, NLP, vision, and speech.

Your team for this project should have the following roles: Read more about these capabilities in “ Artificial intelligence: definition, types, examples, technologies”.

Speech, e.g., text-to-speech and speech-to-text.

Natural Language Processing (NLP), for answering questions, generating texts, etc.

Machine Learning (ML), which could include deep learning, supervised learning, and unsupervised learning.

I recommend that you plan to include the following broad AI capabilities: Reviewing popular AI apps could help with this, therefore, I suggest you read “ 10 best AI apps of 2019”.įor the estimation purpose, you also need to determine the AI capabilities you need. You need to identify the functional features of the proposed AI solution. Keep this in mind when budgeting the cost to develop an AI solution for your business. This estimation exercise will cover post-deployment and warranty support sub-phases with the maintenance phase, and not the long-term ongoing maintenance. Read more about the Waterfall SDLC model in “ What is software development life cycle and what you plan for?”. Waterfall SDLC model works well for such projects since it stresses on baselining the requirements as well as reviews after every phase. Such projects typically have a well-defined set of requirements, moreover, projects like these require thorough reviews after key milestones.

You are likely considering AI for a strategic transformation in your business. If you need help in deriving a budget-quality estimate from this framework after you have finalized your requirements, we at DevTeam.Space can help you with our robust data-driven processes. Administrative cost: You will need to input.

AI ACTIONS COSTS EXAMPLE HOW TO

Tools cost: The framework will explain how to derive an estimate based on your requirements.IT infrastructure cost: The framework will show how to derive an estimate based on your consumption.Manpower: The framework will help you to work out a range in person-months.Number of features: You will need to input.Our estimation exercise will use the following estimation variables: The framework explained here doesn‘t arrive at an exact dollar figure since we don‘t know the number of features and labor rate at this point. This estimation exercise will provide you with a framework to build a cost estimate, subsequently, you need to input the variables like the number of features, labor rate, etc. The business requirements will drive the consumption of resources like IT infrastructure. In fact, this is one of the largest factors contributing to the overall cost to develop an AI solution. You would work out your exact business requirements for developing an AI solution, moreover, a part of the cost will be the development manpower cost. Setting expectations from this estimation exercise You can see how AI can serve your business, and let‘s now see how to estimate a software development project to create an AI solution.