We will create a somewhat concrete, yet still hypothetical example. We’ll illustrate the total cost over a year (365 days) of operation for the following scenario: The system is a free-roaming four legged front-loader robot. It has two arms to handle parcels and packages. The arms have sensors for weight and surface characteristics – “gentleContinue reading “Smart system cost”
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Development cost of an AI system
Ainolabs talks about systems, entities that are operated for defined purposes and with expectations of generating value to their developers, owners, users and other stakeholders. Value depends on the business case. The cost can be estimated, and we’ll get to this formulaic expression below: Systems are developed, launched, updated, supported and eventually replaced or discarded.Continue reading “Development cost of an AI system”