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AI News July 2024

Unlocking AI's Potential

The Rising Trend_ Businesses Embrace Customizable AI Solutions
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The Rising Trend: Businesses Embrace Customizable AI Solutions

The Rising Trend: Businesses Embrace Customizable AI Solutions

A recent study from Cornell University reveals a growing preference among various industries for off-the-shelf AI software that can be fine-tuned to their unique requirements. With more than 3,000 European firms surveyed, the trend is particularly pronounced in sectors like science, retail, finance, real estate, and manufacturing. This approach highlights the enduring need for AI-related skills within the workforce, as companies seek to integrate and customize readymade AI solutions rather than developing them from scratch. The study, published in the Journal of Economics and Management Strategy, underscores the strategic blend of purchasing readymade software and in-house development, shedding light on the evolving landscape of AI technology adoption across industries.

Source: https://techxplore.com/news/2024-03-firms-ready-ai-software-tweaks.html click to copy
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