In the tech world, Generative AI (GenAI) is the new frontier. As companies around the globe begin exploring how GenAI can further their business goals, they face numerous hurdles in implementing a GenAI solution that can address their specific needs. Among the biggest challenges are determining precisely how much a right-sized GenAI solution will cost and whether to deploy it on-premises or in the cloud. As one quote from Gartner analyst Frances Karamouzis put it: “Cost is one of the greatest threats to the success of AI and generative AI. More than half of the organizations are abandoning their efforts due to missteps in estimating and calculating costs.”

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